Forestar Group Inc. (NYSE:FOR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 360,471 shares of the oil and gas exploration company's stock after purchasing an additional 43,369 shares during the quarter. Principal Financial Group Inc. owned 0.71% of Forestar Group worth $11,668,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Forestar Group by 2.3% in the third quarter. Franklin Resources Inc. now owns 55,068 shares of the oil and gas exploration company's stock valued at $1,748,000 after buying an additional 1,218 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Forestar Group during the 3rd quarter valued at about $233,000. Arete Wealth Advisors LLC acquired a new position in Forestar Group during the third quarter worth about $227,000. Barclays PLC grew its position in shares of Forestar Group by 20.3% in the third quarter. Barclays PLC now owns 57,622 shares of the oil and gas exploration company's stock valued at $1,865,000 after purchasing an additional 9,733 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Forestar Group by 26.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,091 shares of the oil and gas exploration company's stock worth $327,000 after purchasing an additional 2,082 shares in the last quarter. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Forestar Group Price Performance

Shares of NYSE FOR traded down $0.10 during trading on Monday, reaching $25.60. The company had a trading volume of 92,247 shares, compared to its average volume of 183,198. The stock has a 50-day moving average price of $29.27 and a two-hundred day moving average price of $30.62. Forestar Group Inc. has a twelve month low of $25.27 and a twelve month high of $40.92. The stock has a market capitalization of $1.30 billion, a PE ratio of 6.38 and a beta of 1.72. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44.

Forestar Group (NYSE:FOR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.29. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The company had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. During the same period in the previous year, the firm posted $1.44 EPS. Forestar Group's revenue was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Forestar Group Inc. will post 3.67 earnings per share for the current year.

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.