Forestar Group Inc. (NYSE:FOR) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its position in Forestar Group Inc. (NYSE:FOR - Free Report) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,922 shares of the oil and gas exploration company's stock after selling 13,608 shares during the quarter. Prudential Financial Inc. owned 0.08% of Forestar Group worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd acquired a new position in Forestar Group in the 3rd quarter valued at about $32,000. R Squared Ltd purchased a new position in shares of Forestar Group in the fourth quarter valued at approximately $95,000. Heck Capital Advisors LLC purchased a new stake in Forestar Group during the 4th quarter worth approximately $112,000. SG Americas Securities LLC lifted its holdings in Forestar Group by 43.3% during the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company's stock worth $148,000 after buying an additional 1,731 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Forestar Group by 10.1% in 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 buying an additional 602 shares during the period. Hedge funds and other institutional investors own 35.50% of the company's stock.

Insider Buying and Selling

In related news, CEO Anthony W. Oxley acquired 4,300 shares of the business's stock in a transaction on Friday, February 14th. The shares were bought 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 in the company, valued at $99,502. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

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Forestar Group Stock Down 0.1 %

Shares of Forestar Group stock traded down $0.02 during trading on Friday, hitting $19.34. 235,352 shares of the stock were exchanged, compared to its average volume of 181,767. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The firm's 50-day moving average price is $21.88 and its 200 day moving average price is $26.31. The stock has a market cap of $980.11 million, a price-to-earnings ratio of 5.42 and a beta of 1.53. Forestar Group Inc. has a 12-month low of $18.63 and a 12-month high of $37.94.

Forestar Group (NYSE:FOR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share (EPS) 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 analysts' expectations of $318.00 million. Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The firm's revenue for the quarter was down 18.1% on a year-over-year basis. As a group, analysts forecast that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FOR shares. Citigroup cut their price objective on Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. StockNews.com upgraded Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced 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.

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.