Forestar Group (NYSE:FOR) Hits New 1-Year Low - Should You Sell?

Forestar Group Inc. (NYSE:FOR - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $27.43 and last traded at $27.57, with a volume of 37049 shares changing hands. The stock had previously closed at $28.36.

Forestar Group Price Performance

The stock's 50-day moving average is $30.57 and its 200 day moving average is $31.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $1.41 billion, a PE ratio of 6.94 and a beta of 1.72.

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, beating the consensus estimate of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The company had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Forestar Group's revenue for the quarter was up .3% on a year-over-year basis. As a group, equities analysts expect that Forestar Group Inc. will post 3.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.58, for a total transaction of $65,160.00. Following the completion of the sale, the director now owns 5,951 shares in the company, valued at $193,883.58. This represents a 25.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Forestar Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Forestar Group by 9.0% during 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 buying an additional 201,032 shares during the last quarter. Woodson Capital Management LP lifted its position in Forestar Group by 12.0% during the 3rd 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 period. American Century Companies Inc. grew its stake in shares of Forestar Group by 22.5% in the 2nd 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 last quarter. State Street Corp increased its holdings in shares of Forestar Group by 0.9% in the third quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company's stock valued at $13,838,000 after purchasing an additional 3,922 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Forestar Group by 13.7% in the third 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 purchasing an additional 43,369 shares during the period. 35.50% of the stock is owned by hedge funds and other institutional investors.

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.