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

Principal Financial Group Inc. trimmed its stake in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,952 shares of the oil and gas exploration company's stock after selling 21,519 shares during the period. Principal Financial Group Inc. owned 0.67% of Forestar Group worth $8,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its position in Forestar Group by 3.9% during the fourth quarter. Empowered Funds LLC now owns 330,462 shares of the oil and gas exploration company's stock worth $8,566,000 after purchasing an additional 12,473 shares during the last quarter. Barclays PLC lifted its stake in 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 worth $1,865,000 after acquiring an additional 9,733 shares during the last quarter. Swedbank AB purchased a new position in Forestar Group in the fourth quarter worth approximately $1,296,000. Los Angeles Capital Management LLC lifted its position in shares of Forestar Group by 73.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 62,237 shares of the oil and gas exploration company's stock worth $2,015,000 after buying an additional 26,360 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Forestar Group by 0.9% during the 3rd quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company's stock worth $13,838,000 after buying an additional 3,922 shares during the last quarter. 35.50% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Forestar Group

In related news, CEO Anthony W. Oxley purchased 4,300 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was acquired at an average price of $23.14 per share, with a total value of $99,502.00. Following the completion of the transaction, the chief executive officer now owns 4,300 shares of the company's stock, valued at $99,502. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company's stock.

Forestar Group Stock Up 2.0 %

Shares of FOR traded up $0.43 during mid-day trading on Wednesday, reaching $21.73. 291,368 shares of the stock traded hands, compared to its average volume of 182,339. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 6.09 and a beta of 1.72. The stock has a fifty day simple moving average of $24.27 and a 200 day simple moving average of $28.34. Forestar Group Inc. has a 12-month low of $21.13 and a 12-month high of $40.92. 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 (NYSE:FOR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). The firm had revenue of $250.40 million for the quarter, compared to analysts' expectations of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The company's quarterly revenue was down 18.1% compared to the same quarter last year. Sell-side analysts expect that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Analysts Set New Price Targets

FOR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Citigroup cut their price objective on shares of Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd.

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.