Point72 Asset Management L.P. Takes Position in Forestar Group Inc. (NYSE:FOR)

Point72 Asset Management L.P. purchased a new stake in Forestar Group Inc. (NYSE:FOR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,300 shares of the oil and gas exploration company's stock, valued at approximately $1,013,000. Point72 Asset Management L.P. owned approximately 0.06% of Forestar Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new position in shares of Forestar Group during the second quarter worth approximately $34,000. CWM LLC raised its holdings in Forestar Group by 111.6% in the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company's stock valued at $34,000 after acquiring an additional 559 shares in the last quarter. nVerses Capital LLC raised its holdings in Forestar Group by 500.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company's stock valued at $39,000 after acquiring an additional 1,000 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Forestar Group during the 2nd quarter valued at $112,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Forestar Group during the 2nd quarter worth $148,000. 35.50% of the stock is owned by institutional investors.

Forestar Group Price Performance

FOR stock traded up $0.20 during midday trading on Wednesday, reaching $28.45. The company had a trading volume of 54,851 shares, compared to its average volume of 184,883. Forestar Group Inc. has a 1-year low of $27.49 and a 1-year high of $40.92. The stock has a 50 day moving average price of $30.81 and a 200-day moving average price of $31.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 7.04 and a beta of 1.72.

Forestar Group (NYSE:FOR - Get Free Report) last released its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.31 by $0.29. The firm had revenue of $551.40 million for the quarter, compared to analyst estimates of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. Equities research analysts expect that Forestar Group Inc. will post 3.67 earnings per share for the current year.

Insider Transactions at Forestar Group

In related 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 completion of the transaction, the director now directly owns 5,951 shares in the company, valued at $193,883.58. This represents a 25.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

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.