Woodson Capital Management LP Increases Stock Position in Forestar Group Inc. (NYSE:FOR)

Woodson Capital Management LP raised its position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 560,000 shares of the oil and gas exploration company's stock after buying an additional 60,000 shares during the period. Forestar Group comprises about 3.5% of Woodson Capital Management LP's holdings, making the stock its 11th largest holding. Woodson Capital Management LP owned about 1.11% of Forestar Group worth $18,127,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Forestar Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,805,957 shares of the oil and gas exploration company's stock valued at $112,771,000 after buying an additional 28,379 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Forestar Group by 9.0% during the second 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 buying an additional 201,032 shares in the last quarter. American Century Companies Inc. raised its holdings in Forestar Group by 22.5% in the second quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company's stock valued at $14,760,000 after acquiring an additional 84,861 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Forestar Group by 13.7% in the 3rd quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company's stock valued at $11,668,000 after purchasing an additional 43,369 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Forestar Group by 3.8% in the 3rd quarter. Empowered Funds LLC now owns 317,989 shares of the oil and gas exploration company's stock valued at $10,293,000 after purchasing an additional 11,780 shares in the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Forestar Group Stock Down 0.7 %

Shares of Forestar Group stock traded down $0.20 during trading on Friday, hitting $29.84. 52,474 shares of the stock were exchanged, compared to its average volume of 187,171. Forestar Group Inc. has a 12-month low of $27.49 and a 12-month high of $40.92. 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 stock has a market cap of $1.51 billion, a price-to-earnings ratio of 7.49 and a beta of 1.76. The firm's 50-day moving average price is $31.37 and its 200 day moving average price is $31.56.

Forestar Group (NYSE:FOR - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share for the quarter, topping 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 business had revenue of $551.40 million for the quarter, compared to analyst estimates of $503.76 million. During the same quarter last year, the company earned $1.44 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. As a group, analysts forecast that Forestar Group Inc. will post 3.67 earnings per share for the current fiscal year.

Insider Activity at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of Forestar Group stock in a transaction that occurred on Friday, September 27th. The stock was 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 of the company's stock, valued at $193,883.58. The trade was a 25.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.