Forestar Group Inc. (NYSE:FOR) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its holdings in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 27.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,199 shares of the oil and gas exploration company's stock after selling 12,406 shares during the period. Ritholtz Wealth Management owned 0.06% of Forestar Group worth $835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FOR. Dimensional Fund Advisors LP raised its position in shares of Forestar Group by 9.0% during the 2nd 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 acquiring an additional 201,032 shares in the last quarter. Woodson Capital Management LP increased its stake in Forestar Group by 12.0% in the third quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company's stock valued at $18,127,000 after purchasing an additional 60,000 shares during the last quarter. American Century Companies Inc. raised its holdings in Forestar Group by 22.5% during the second quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company's stock worth $14,760,000 after purchasing an additional 84,861 shares in the last quarter. 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. Finally, Principal Financial Group Inc. lifted its position in shares of Forestar Group by 13.7% during the 3rd quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company's stock worth $11,668,000 after buying an additional 43,369 shares during the last quarter. 35.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup cut their price target on shares of Forestar Group from $43.00 to $39.00 and set a "buy" rating on the stock in a research note on Monday, January 6th.

Forestar Group Stock Performance

FOR traded down $0.46 during trading on Monday, hitting $26.80. 161,634 shares of the stock were exchanged, compared to its average volume of 121,565. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. Forestar Group Inc. has a 1-year low of $24.81 and a 1-year high of $40.92. The stock has a fifty day moving average price of $27.68 and a two-hundred day moving average price of $30.08. The firm has a market capitalization of $1.36 billion, a P/E ratio of 6.68 and a beta of 1.74.

Forestar Group (NYSE:FOR - Get Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. Forestar Group's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. As a group, sell-side analysts predict that Forestar Group Inc. will post 3.67 earnings per share for the current year.

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.