Vanguard Group Inc. Has $73.17 Million Stock Position in Forestar Group Inc. (NYSE:FOR)

Vanguard Group Inc. lowered its position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,823,067 shares of the oil and gas exploration company's stock after selling 13,011 shares during the period. Vanguard Group Inc. owned 5.57% of Forestar Group worth $73,174,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Forestar Group by 11.3% in the fourth quarter. American Century Companies Inc. now owns 584,222 shares of the oil and gas exploration company's stock valued at $15,143,000 after purchasing an additional 59,427 shares during the period. First Eagle Investment Management LLC grew its holdings in Forestar Group by 26.4% in the 4th 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 buying an additional 100,100 shares in the last quarter. State Street Corp increased its position in Forestar Group by 0.9% in the 3rd quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company's stock valued at $13,838,000 after acquiring an additional 3,922 shares during the period. Principal Financial Group Inc. raised its stake in Forestar Group by 13.7% during the 3rd quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company's stock valued at $11,668,000 after acquiring an additional 43,369 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Forestar Group by 3.9% during the 4th quarter. Empowered Funds LLC now owns 330,462 shares of the oil and gas exploration company's stock valued at $8,566,000 after acquiring an additional 12,473 shares in the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

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

Forestar Group Price Performance

Shares of FOR traded down $0.36 during midday trading on Tuesday, reaching $19.22. The stock had a trading volume of 43,098 shares, compared to its average volume of 181,276. 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 company has a market capitalization of $973.97 million, a P/E ratio of 5.38 and a beta of 1.53. The firm's 50 day moving average price is $21.80 and its 200-day moving average price is $26.18. Forestar Group Inc. has a 52 week low of $18.63 and a 52 week high of $37.94.

Forestar Group (NYSE:FOR - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. Forestar Group's revenue for the quarter was down 18.1% on a year-over-year basis. On average, analysts forecast that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Anthony W. Oxley acquired 4,300 shares of the business's stock in a transaction dated Friday, February 14th. The stock was bought at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the transaction, the chief executive officer now owns 4,300 shares of the company's stock, valued at approximately $99,502. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

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.