Forestar Group (NYSE:FOR) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Forestar Group (NYSE:FOR - Free Report) from a hold rating to a sell rating in a report issued on Tuesday morning.

Other equities research analysts also recently issued reports about the stock. Citigroup lowered 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 note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th.

Forestar Group Stock Performance

Shares of NYSE:FOR traded down $0.26 on Tuesday, hitting $22.79. 161,555 shares of the company were exchanged, compared to its average volume of 196,799. Forestar Group has a 1-year low of $22.42 and a 1-year high of $40.92. The stock's 50 day moving average price is $24.92 and its 200 day moving average price is $28.70. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.15 billion, a P/E ratio of 6.38 and a beta of 1.72.

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

Insiders Place Their Bets

In other news, CEO Anthony W. Oxley acquired 4,300 shares of the firm's stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the transaction, the chief executive officer now owns 4,300 shares in the company, valued at approximately $99,502. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Forestar Group by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,721,534 shares of the oil and gas exploration company's stock worth $70,541,000 after purchasing an additional 119,357 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Forestar Group by 406.1% during the fourth quarter. Janus Henderson Group PLC now owns 125,408 shares of the oil and gas exploration company's stock worth $3,247,000 after purchasing an additional 100,629 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Forestar Group by 26.4% during 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 purchasing an additional 100,100 shares in the last quarter. Crestline Management LP purchased a new stake in shares of Forestar Group during the fourth quarter worth about $2,333,000. Finally, First Trust Advisors LP increased its stake in shares of Forestar Group by 197.8% during the fourth quarter. First Trust Advisors LP now owns 128,989 shares of the oil and gas exploration company's stock worth $3,343,000 after purchasing an additional 85,669 shares in the last quarter. Institutional investors and hedge funds own 35.50% of the company's stock.

About Forestar Group

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.