AQR Capital Management LLC Lowers Holdings in Forestar Group Inc. (NYSE:FOR)

AQR Capital Management LLC lessened its holdings in Forestar Group Inc. (NYSE:FOR - Free Report) by 19.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 185,127 shares of the oil and gas exploration company's stock after selling 45,413 shares during the period. AQR Capital Management LLC owned 0.37% of Forestar Group worth $5,922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Woodson Capital Management LP purchased a new position in shares of Forestar Group in the first quarter worth $13,367,000. Principal Financial Group Inc. lifted its stake in Forestar Group by 2,409.9% in the 2nd quarter. Principal Financial Group Inc. now owns 317,102 shares of the oil and gas exploration company's stock worth $10,144,000 after purchasing an additional 304,468 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Forestar Group during the 2nd quarter valued at about $6,753,000. First Eagle Investment Management LLC purchased a new position in shares of Forestar Group during the second quarter valued at about $6,592,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Forestar Group by 9.0% in 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 purchasing an additional 201,032 shares during the last quarter. 35.50% of the stock is owned by institutional investors.

Forestar Group Trading Up 0.8 %

FOR stock traded up $0.27 during midday trading on Friday, reaching $32.35. 82,087 shares of the company traded hands, compared to its average volume of 201,183. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 8.05 and a beta of 1.76. Forestar Group Inc. has a 52-week low of $22.71 and a 52-week high of $40.92. The business has a 50 day moving average of $30.86 and a 200-day moving average of $32.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.50.

Forestar Group (NYSE:FOR - Get Free Report) last released its quarterly earnings results on Thursday, July 18th. The oil and gas exploration company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $318.40 million for the quarter, compared to analysts' expectations of $370.50 million. Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. As a group, sell-side analysts expect that Forestar Group Inc. will post 3.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on FOR shares. Citigroup dropped their price target on Forestar Group from $46.00 to $43.00 and set a "buy" rating for the company in a research note on Tuesday, July 2nd. BTIG Research cut their target price on shares of Forestar Group from $41.00 to $37.00 and set a "buy" rating for the company in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Forestar Group from $37.50 to $36.00 and set a "neutral" rating on the stock in a research note on Thursday, July 25th.

Insider Activity

In related news, Director Elizabeth Parmer sold 1,547 shares of Forestar Group stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $32.24, for a total transaction of $49,875.28. Following the completion of the transaction, the director now directly owns 1,548 shares of the company's stock, valued at approximately $49,907.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.58, for a total value of $65,160.00. Following the transaction, the director now owns 5,951 shares of the company's stock, valued at $193,883.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth Parmer sold 1,547 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $32.24, for a total value of $49,875.28. Following the completion of the sale, the director now owns 1,548 shares in the company, valued at approximately $49,907.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,095 shares of company stock valued at $162,287. 0.49% of the stock is currently owned by company 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.