1 day Ago By ABMN Staff
Forestar Group Inc. ( NYSE:FOR – Get Free Report ) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 408,000 shares, a decrease of 10.
6% from the August 15th total of 456,400 shares. Currently, 2.2% of the company’s stock are short sold.
Based on an average daily volume of 195,300 shares, the days-to-cover ratio is presently 2.1 days. Insiders Place Their Bets In other news, Director Elizabeth Parmer sold 1,547 shares of the firm’s stock in a transaction on Tuesday, July 23rd.
The stock was sold at an average price of $32.24, for a total transaction of $49,875.28.
Following the completion of the transaction, the director now directly owns 1,548 shares in the company, valued at $49,907.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 27th.
The stock was sold at an average price of $31.38, for a total value of $62,760.00.
Following the transaction, the director now directly owns 7,951 shares of the company’s stock, valued at $249,502.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, Director Elizabeth Parmer sold 1,547 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $32.24, for a total value of $49,875.
28. Following the completion of the transaction, the director now directly owns 1,548 shares in the company, valued at $49,907.52.
The disclosure for this sale can be found here . Over the last 90 days, insiders sold 5,095 shares of company stock worth $159,887. 0.
49% of the stock is owned by corporate insiders. Institutional Trading of Forestar Group Large investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in shares of Forestar Group in the 1st quarter worth approximately $32,000.
CWM LLC boosted its holdings in shares of Forestar Group by 111.6% in the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 559 shares during the period.
Family Firm Inc. purchased a new position in shares of Forestar Group in the 2nd quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Forestar Group by 115.
4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock worth $37,000 after purchasing an additional 495 shares during the period. Finally, Innealta Capital LLC purchased a new position in shares of Forestar Group in the 2nd quarter worth approximately $112,000.
Institutional investors own 35.50% of the company’s stock. Forestar Group Price Performance Forestar Group ( NYSE:FOR – Get Free Report ) last issued its earnings results on Thursday, July 18th.
The oil and gas exploration company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.
13). The business had revenue of $318.40 million for the quarter, compared to the consensus estimate of $370.
50 million. Forestar Group had a net margin of 12.89% and a return on equity of 13.
48%. As a group, research analysts anticipate that Forestar Group will post 3.72 EPS for the current year.
Wall Street Analyst Weigh In Several brokerages have issued reports on FOR. JPMorgan Chase & Co. dropped their target price on Forestar Group from $37.
50 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. BTIG Research decreased their price objective on Forestar Group from $41.
00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Finally, Citigroup decreased their price objective on Forestar Group from $46.
00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Read Our Latest Report on Forestar Group About Forestar Group ( Get 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.
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