Forestar Group Inc. (NYSE:FOR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in shares of Forestar Group Inc. (NYSE:FOR) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,337 shares of the oil and gas exploration company’s stock after selling 7,900 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Forestar Group were worth $1,408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOR. Woodson Capital Management LP boosted its stake in 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 worth $18,127,000 after buying an additional 60,000 shares during the last quarter. Swedbank AB acquired a new position in Forestar Group during the fourth quarter worth $1,296,000. Principal Financial Group Inc. boosted its stake in Forestar Group by 13.7% during 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 buying an additional 43,369 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Forestar Group during the third quarter worth $1,013,000. Finally, PDT Partners LLC acquired a new position in Forestar Group during the third quarter worth $731,000. Institutional investors and hedge funds own 35.50% of the company’s stock.

Wall Street Analysts Forecast Growth

FOR has been the topic of several recent analyst reports. StockNews.com raised Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Citigroup decreased their price target 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.

Forestar Group Price Performance

FOR opened at $22.00 on Friday. The stock’s 50-day moving average price is $24.53 and its 200 day moving average price is $28.50. Forestar Group Inc. has a 12-month low of $21.96 and a 12-month high of $40.92. 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 firm has a market cap of $1.11 billion, a price-to-earnings ratio of 6.16 and a beta of 1.72.

Forestar Group (NYSE:FOR) last issued its quarterly 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). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The company had revenue of $250.40 million for the quarter, compared to analysts’ expectations of $318.00 million. The business’s revenue for the quarter was down 18.1% on a year-over-year basis. As a group, sell-side analysts expect that Forestar Group Inc. will post 3.44 earnings per share for the current year.

Insider Activity

In other Forestar Group news, CEO Anthony W. Oxley acquired 4,300 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were acquired 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 $99,502. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

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.