1 week Ago By ABMN Staff
Vanguard Group Inc. decreased its holdings in shares of Forestar Group Inc. ( NYSE:FOR – Free Report ) by 0.
5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,823,067 shares of the oil and gas exploration company’s stock after selling 13,011 shares during the period.
Vanguard Group Inc. owned approximately 0.06% of Forestar Group worth $73,174,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in FOR. R Squared Ltd acquired a new position in shares of Forestar Group during the fourth quarter worth about $95,000. Heck Capital Advisors LLC purchased a new stake in shares of Forestar Group during the 4th quarter valued at about $112,000.
SG Americas Securities LLC lifted its position in Forestar Group by 43.3% during the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock worth $148,000 after acquiring an additional 1,731 shares in the last quarter.
EverSource Wealth Advisors LLC boosted its holdings in Forestar Group by 10.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company’s stock worth $170,000 after acquiring an additional 602 shares during the period.
Finally, Arete Wealth Advisors LLC acquired a new stake in Forestar Group in the third quarter valued at approximately $227,000. 35.50% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Forestar Group In other Forestar Group news, CEO Anthony W. Oxley acquired 4,300 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $23.
14 per share, with a total value of $99,502.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502.
This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website . 0.
40% of the stock is owned by corporate insiders. Forestar Group Stock Down 5.3 % Forestar Group ( NYSE:FOR – Get Free Report ) last released its earnings results on Tuesday, January 21st.
The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.
33). The company had revenue of $250.40 million during the quarter, compared to the consensus estimate of $318.
00 million. Forestar Group had a return on equity of 11.74% and a net margin of 12.
50%. Forestar Group’s quarterly revenue was down 18.1% on a year-over-year basis.
On average, equities research analysts predict that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades A number of research analysts have recently commented on FOR shares. JPMorgan Chase & Co. reduced their target price on shares of Forestar Group from $37.
00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. StockNews.
com upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Citigroup lowered their target price on Forestar Group from $39.00 to $32.
00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Read Our Latest Stock Analysis on FOR 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. See Also Want to see what other hedge funds are holding FOR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Forestar Group Inc. ( NYSE:FOR – Free Report ). 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.
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