Forestar Group Inc. (NYSE:FOR - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $21.13 and last traded at $21.30, with a volume of 310149 shares traded. The stock had previously closed at $21.55.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Finally, Citigroup reduced 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.
View Our Latest Stock Analysis on FOR
Forestar Group Stock Up 0.1 %
The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 6.24 and a beta of 1.75. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $24.04 and a 200-day moving average price of $28.20.
Forestar Group (NYSE:FOR - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The oil and gas exploration company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). The firm 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 for the quarter was down 18.1% on a year-over-year basis. As a group, sell-side analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current year.
Insider Activity at Forestar Group
In related news, CEO Anthony W. Oxley purchased 4,300 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Forestar Group
A number of large investors have recently modified their holdings of FOR. Dimensional Fund Advisors LP increased its stake in Forestar Group by 4.6% during the 4th 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 buying an additional 119,357 shares during the period. Janus Henderson Group PLC increased its holdings in Forestar Group by 406.1% during the 4th 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 during the last quarter. First Eagle Investment Management LLC raised its position in shares of 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 valued at $12,433,000 after purchasing an additional 100,100 shares in the last quarter. Crestline Management LP purchased a new position in shares of Forestar Group during the 4th quarter valued at approximately $2,333,000. Finally, First Trust Advisors LP grew its position 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 buying 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
(
Get Free Report)
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.
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