Forestar Group Inc. (NYSE:FOR) Director Sells $19,944.40 in Stock

Forestar Group Inc. (NYSE:FOR) Director Elizabeth Parmer sold 680 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $29.33, for a total transaction of $19,944.40. Following the completion of the sale, the director now owns 1,320 shares of the company’s stock, valued at $38,715.60. This trade represents a 34.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Forestar Group Stock Performance

Shares of FOR opened at $29.06 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61. Forestar Group Inc. has a one year low of $27.49 and a one year high of $40.92. The company has a 50-day simple moving average of $31.59 and a two-hundred day simple moving average of $31.64. The firm has a market capitalization of $1.47 billion, a PE ratio of 7.25 and a beta of 1.76.

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

Hedge Funds Weigh In On Forestar Group

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Forestar Group by 1.0% during the first 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 purchasing an additional 28,379 shares during the last quarter. Dimensional Fund Advisors LP increased 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 valued at $78,012,000 after acquiring an additional 201,032 shares in the last quarter. Woodson Capital Management LP increased its position in shares of Forestar Group by 12.0% during 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 acquiring an additional 60,000 shares in the last quarter. American Century Companies Inc. increased its position in shares of 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 valued at $14,760,000 after acquiring an additional 84,861 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Forestar Group by 11.0% during the first quarter. Bridgeway Capital Management LLC now owns 439,892 shares of the oil and gas exploration company’s stock valued at $17,679,000 after acquiring an additional 43,457 shares in the last quarter. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

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.