2 weeks Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new stake in Forestar Group Inc. ( NYSE:FOR – Free Report ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,200 shares of the oil and gas exploration company’s stock, valued at approximately $498,000.
Other institutional investors also recently modified their holdings of the company. First Eagle Investment Management LLC lifted its holdings in Forestar Group by 26.4% during the 4th quarter.
First Eagle Investment Management LLC now owns 479,669 shares of the oil and gas exploration company’s stock worth $12,433,000 after buying an additional 100,100 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Forestar Group by 11.
3% during the fourth quarter. American Century Companies Inc. now owns 584,222 shares of the oil and gas exploration company’s stock valued at $15,143,000 after acquiring an additional 59,427 shares during the period.
Swedbank AB bought a new position in Forestar Group in the fourth quarter valued at about $1,296,000. Principal Financial Group Inc. increased its position in Forestar Group by 13.
7% in the third quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock worth $11,668,000 after purchasing an additional 43,369 shares during the period.
Finally, Point72 Asset Management L.P. bought a new stake in Forestar Group during the 3rd quarter worth about $1,013,000.
35.50% of the stock is owned by institutional investors. Forestar Group Price Performance Shares of FOR stock opened at $20.
47 on Friday. 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 Inc.
has a 12-month low of $20.42 and a 12-month high of $40.79.
The firm has a fifty day moving average of $22.47 and a 200-day moving average of $27.03.
The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 5.73 and a beta of 1.
75. Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on FOR shares. Citigroup dropped their price target on shares of Forestar Group from $39.
00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co.
lowered their target price on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th.
Finally, StockNews.com raised Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Check Out Our Latest Report on FOR Insider Buying and Selling at Forestar Group In other news, CEO Anthony W.
Oxley bought 4,300 shares of the stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, for a total transaction of $99,502.
00. Following the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . Insiders own 0.40% of the company’s stock.
About Forestar Group ( Free Report ) 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. Read More Receive News & Ratings for Forestar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forestar Group and related companies with MarketBeat.com's FREE daily email newsletter .
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