1 week Ago By Defense World Staff
Vanguard Group Inc. reduced its stake in shares of Forestar Group Inc. (NYSE:FOR – Free Report) by 0.
5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,823,067 shares of the oil and gas exploration company’s stock after selling 13,011 shares during the quarter. Vanguard Group Inc.
owned 5.57% of Forestar Group worth $73,174,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds also recently added to or reduced their stakes in the company.
Charles Schwab Investment Management Inc. grew its holdings in shares of Forestar Group by 4.4% in the 3rd quarter.
Charles Schwab Investment Management Inc. now owns 158,959 shares of the oil and gas exploration company’s stock worth $5,146,000 after acquiring an additional 6,650 shares during the period. Verition Fund Management LLC acquired a new stake in Forestar Group in the third quarter valued at $337,000.
State Street Corp increased its position in shares of Forestar Group by 0.9% in the third quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company’s stock valued at $13,838,000 after buying an additional 3,922 shares in the last quarter.
Orion Portfolio Solutions LLC raised its stake in shares of Forestar Group by 26.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,091 shares of the oil and gas exploration company’s stock worth $327,000 after buying an additional 2,082 shares during the last quarter.
Finally, Barclays PLC boosted its position in shares of Forestar Group by 20.3% in the 3rd quarter. Barclays PLC now owns 57,622 shares of the oil and gas exploration company’s stock worth $1,865,000 after buying an additional 9,733 shares in the last quarter.
35.50% of the stock is owned by hedge funds and other institutional investors. Insider ActivityIn related news, CEO Anthony W.
Oxley bought 4,300 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average cost of $23.14 per share, for a total transaction of $99,502.
00. Following the completion of the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at $99,502. This trade represents a ∞ increase in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.
Analyst Ratings ChangesSeveral equities analysts have weighed in on the stock. JPMorgan Chase & Co. dropped 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. StockNews.
com raised shares of Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Citigroup reduced their target price on Forestar Group from $39.00 to $32.
00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd.Get Our Latest Report on Forestar GroupForestar Group Price PerformanceNYSE:FOR opened at $19.34 on Friday.
The firm has a market cap of $979.95 million, a price-to-earnings ratio of 5.42 and a beta of 1.
53. Forestar Group Inc. has a 12-month low of $18.
63 and a 12-month high of $38.15. The company has a current ratio of 0.
50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50.
The company’s 50-day moving average is $21.95 and its two-hundred day moving average is $26.40.
Forestar Group (NYSE:FOR – Get Free Report) last announced its earnings results 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 analyst estimates of $318.00 million. Forestar Group had a return on equity of 11.
74% and a net margin of 12.50%. The business’s quarterly revenue was down 18.
1% compared to the same quarter last year. Research analysts expect that Forestar Group Inc. will post 3.
44 EPS for the current year. Forestar Group Company Profile (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.See AlsoFive stocks we like better than Forestar GroupThe 3 Best Fintech Stocks to Buy NowJoby Aviation: Operational Momentum vs.
Market SentimentShould You Invest in Penny Stocks?Broadcom’s Big Outperformance Shows Strength Amid Tariff DeclineConsumer Staples Stocks, ExplainedCarvana: Can Turnaround Strength Outdrive Market Headwinds?.
