Forestar Group (NYSE:FOR) Upgraded at StockNews.com

Forestar Group (NYSE:FOR - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.

A number of other equities research analysts also recently commented on FOR. Citigroup cut their price objective on Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. 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.

Forestar Group Price Performance

FOR traded down $0.39 during trading on Wednesday, reaching $22.00. The stock had a trading volume of 189,938 shares, compared to its average volume of 196,521. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 6.16 and a beta of 1.72. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. Forestar Group has a 1-year low of $21.96 and a 1-year high of $40.92. The stock has a 50 day moving average of $24.45 and a two-hundred day moving average of $28.46.

Forestar Group (NYSE:FOR - Get Free Report) last released its 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 firm had revenue of $250.40 million during 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% compared to the same quarter last year. As a group, equities analysts anticipate that Forestar Group will post 3.44 EPS for the current fiscal year.

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Insider Activity

In other news, CEO Anthony W. Oxley bought 4,300 shares of the business's stock in a transaction on Friday, February 14th. The shares were bought at an average cost of $23.14 per share, with a total value of $99,502.00. Following the purchase, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

Institutional Trading of Forestar Group

Large investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in Forestar Group during the 3rd quarter valued at $32,000. Lazard Asset Management LLC acquired a new stake in Forestar Group during the 4th quarter valued at $38,000. NewEdge Advisors LLC acquired a new stake in Forestar Group during the 4th quarter valued at $76,000. R Squared Ltd acquired a new stake in Forestar Group during the 4th quarter valued at $95,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Forestar Group in the fourth quarter worth $112,000. 35.50% of the stock is owned by institutional investors and hedge funds.

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.