Forestar Group Inc. (NYSE:FOR) Director Sells $19,944.40 in Stock

Forestar Group Inc. (NYSE:FOR - Get Free Report) Director Elizabeth Parmer sold 680 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $29.33, for a total transaction of $19,944.40. Following the completion of the transaction, the director now directly owns 1,320 shares in the company, valued at $38,715.60. This trade represents a 34.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Forestar Group Price Performance

Shares of FOR stock traded up $0.29 during trading hours on Friday, hitting $29.06. The stock had a trading volume of 141,210 shares, compared to its average volume of 126,510. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.50. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 7.25 and a beta of 1.76. Forestar Group Inc. has a one year low of $27.49 and a one year high of $40.92. The stock's 50-day moving average price is $31.59 and its two-hundred day moving average price is $31.67.

Forestar Group (NYSE:FOR - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.29. The business had revenue of $551.40 million for the quarter, compared to the consensus estimate of $503.76 million. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The company's revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS. Equities analysts forecast that Forestar Group Inc. will post 3.67 EPS for the current year.

Institutional Investors Weigh In On Forestar Group

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Forestar Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,805,957 shares of the oil and gas exploration company's stock worth $112,771,000 after buying an additional 28,379 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Forestar Group by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company's stock worth $78,012,000 after acquiring an additional 201,032 shares in the last quarter. Woodson Capital Management LP increased its stake in Forestar Group by 12.0% during the third quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company's stock worth $18,127,000 after acquiring an additional 60,000 shares during the last quarter. American Century Companies Inc. raised its position in Forestar Group by 22.5% during the second quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company's stock valued at $14,760,000 after purchasing an additional 84,861 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in shares of Forestar Group by 11.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 439,892 shares of the oil and gas exploration company's stock valued at $17,679,000 after purchasing an additional 43,457 shares during the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

Forestar Group Company Profile

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.