Forestar Group Inc. (NYSE:FOR) CEO Purchases $99,991.50 in Stock

Forestar Group Inc. (NYSE:FOR) CEO Anthony W. Oxley acquired 3,210 shares of Forestar Group stock in a transaction that occurred on Wednesday, April 24th. The shares were purchased at an average cost of $31.15 per share, with a total value of $99,991.50. Following the transaction, the chief executive officer now owns 3,210 shares of the company’s stock, valued at approximately $99,991.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Forestar Group Stock Up 3.8 %

FOR stock opened at $33.57 on Friday. Forestar Group Inc. has a twelve month low of $19.26 and a twelve month high of $40.92. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.70 billion, a PE ratio of 8.35 and a beta of 1.75. The business’s 50-day simple moving average is $35.60 and its 200 day simple moving average is $32.59.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Forestar Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

Institutional Investors Weigh In On Forestar Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its stake in Forestar Group by 1,601.6% during the third quarter. Federated Hermes Inc. now owns 1,038 shares of the oil and gas exploration company’s stock worth $28,000 after acquiring an additional 977 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Forestar Group during the 4th quarter worth about $35,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Forestar Group by 112.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,638 shares of the oil and gas exploration company’s stock valued at $125,000 after purchasing an additional 2,459 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Forestar Group by 88.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,436 shares of the oil and gas exploration company’s stock valued at $147,000 after buying an additional 2,077 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Forestar Group during the fourth quarter worth about $168,000. 35.50% of the stock is owned by institutional investors and hedge funds.

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.