Forestar Group Inc. (NYSE:FOR) CEO Anthony W. Oxley Buys 4,300 Shares of Stock

Forestar Group Inc. (NYSE:FOR) CEO Anthony W. Oxley purchased 4,300 shares of the company’s stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $23.14 per share, with a total value of $99,502.00. Following the purchase, the chief executive officer now owns 4,300 shares of the company’s stock, valued at approximately $99,502. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Forestar Group Trading Up 1.7 %

Shares of Forestar Group stock opened at $23.64 on Wednesday. Forestar Group Inc. has a 12-month low of $22.42 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 stock has a market cap of $1.20 billion, a PE ratio of 6.62 and a beta of 1.72. The company has a 50-day moving average of $25.22 and a two-hundred day moving average of $28.83.

Forestar Group (NYSE:FOR) last issued 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). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The company had revenue of $250.40 million during the quarter, compared to analysts’ expectations of $318.00 million. The firm’s revenue was down 18.1% compared to the same quarter last year. On average, research analysts anticipate that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented 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. StockNews.com downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th.

Institutional Trading of Forestar Group

Several large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Forestar Group by 4.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,831 shares of the oil and gas exploration company’s stock valued at $286,000 after purchasing an additional 392 shares during the last quarter. Carolina Wealth Advisors LLC grew its position in shares of Forestar Group by 2.3% in the fourth quarter. Carolina Wealth Advisors LLC now owns 20,589 shares of the oil and gas exploration company’s stock valued at $534,000 after purchasing an additional 454 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Forestar Group by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,905 shares of the oil and gas exploration company’s stock valued at $283,000 after purchasing an additional 456 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Forestar Group by 3.2% in the fourth quarter. Sterling Capital Management LLC now owns 15,670 shares of the oil and gas exploration company’s stock valued at $406,000 after purchasing an additional 479 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Forestar Group by 10.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company’s stock valued at $170,000 after purchasing an additional 602 shares during the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

About Forestar Group

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.