Moody Aldrich Partners LLC Raises Holdings in Forestar Group Inc. (NYSE:FOR)

Moody Aldrich Partners LLC increased its position in Forestar Group Inc. (NYSE:FOR - Free Report) by 27.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,354 shares of the oil and gas exploration company's stock after purchasing an additional 46,250 shares during the quarter. Forestar Group makes up about 1.3% of Moody Aldrich Partners LLC's portfolio, making the stock its 24th biggest position. Moody Aldrich Partners LLC owned approximately 0.43% of Forestar Group worth $7,003,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sierra Summit Advisors LLC grew its position in shares of Forestar Group by 2.2% during the 2nd quarter. Sierra Summit Advisors LLC now owns 17,166 shares of the oil and gas exploration company's stock worth $549,000 after buying an additional 370 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Forestar Group by 115.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company's stock worth $37,000 after acquiring an additional 495 shares in the last quarter. CWM LLC increased its position in Forestar Group by 111.6% during the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company's stock valued at $34,000 after purchasing an additional 559 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Forestar Group by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,920 shares of the oil and gas exploration company's stock valued at $349,000 after purchasing an additional 765 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Forestar Group by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,997 shares of the oil and gas exploration company's stock worth $442,000 after purchasing an additional 781 shares during the period. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Forestar Group Stock Up 1.2 %

NYSE:FOR traded up $0.36 during mid-day trading on Thursday, hitting $31.61. 103,929 shares of the company's stock traded hands, compared to its average volume of 194,850. The company has a fifty day moving average of $31.48 and a 200 day moving average of $32.16. 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 Inc. has a twelve month low of $22.97 and a twelve month high of $40.92. The company has a market capitalization of $1.60 billion, a P/E ratio of 7.86 and a beta of 1.76.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 5,951 shares in the company, valued at approximately $193,883.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 3,548 shares of company stock worth $112,411 in the last three months. Corporate insiders own 0.49% of the company's stock.

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.