Forestar Group Inc. (NYSE:FOR) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Forestar Group Inc. (NYSE:FOR - Free Report) by 69.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,262 shares of the oil and gas exploration company's stock after acquiring an additional 20,542 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.10% of Forestar Group worth $1,303,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FOR. Intech Investment Management LLC acquired a new position in shares of Forestar Group in the 4th quarter valued at $249,000. First Eagle Investment Management LLC raised its position in shares of Forestar Group by 26.4% in the fourth quarter. First Eagle Investment Management LLC now owns 479,669 shares of the oil and gas exploration company's stock worth $12,433,000 after acquiring an additional 100,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Forestar Group by 77.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,668 shares of the oil and gas exploration company's stock worth $406,000 after acquiring an additional 6,837 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Forestar Group by 10.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock valued at $170,000 after acquiring an additional 602 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of Forestar Group by 30.9% in the 4th quarter. AlphaQuest LLC now owns 19,400 shares of the oil and gas exploration company's stock valued at $503,000 after purchasing an additional 4,580 shares in the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

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Insider Buying and Selling

In other news, CEO Anthony W. Oxley acquired 4,300 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, with a total value of $99,502.00. Following the completion of the acquisition, the chief executive officer now owns 4,300 shares of the company's stock, valued at $99,502. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Forestar Group Price Performance

FOR stock traded up $0.15 during midday trading on Monday, reaching $21.22. The stock had a trading volume of 118,414 shares, compared to its average volume of 201,489. Forestar Group Inc. has a 52-week low of $20.70 and a 52-week high of $40.86. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 5.94 and a beta of 1.75. The company's fifty day simple moving average is $22.77 and its 200 day simple moving average is $27.26. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50.

Forestar Group (NYSE:FOR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). The business had revenue of $250.40 million for the quarter, compared to analyst estimates of $318.00 million. Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The business's revenue was down 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FOR shares. JPMorgan Chase & Co. lowered their price target on Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. StockNews.com raised shares of Forestar Group from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Citigroup reduced their price objective on shares of Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd.

Forestar Group 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.