Forestar Group Inc. (NYSE:FOR) Director Elizabeth Parmer Sells 1,460 Shares

Forestar Group Inc. (NYSE:FOR) Director Elizabeth Parmer sold 1,460 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $20.57, for a total transaction of $30,032.20. Following the completion of the sale, the director now owns 3,357 shares of the company’s stock, valued at $69,053.49. The trade was a 30.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Forestar Group Stock Up 0.3%

Shares of NYSE FOR opened at $20.65 on Wednesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 5.78 and a beta of 1.46. The company has a 50-day moving average price of $20.48 and a 200-day moving average price of $24.41. Forestar Group Inc. has a 1 year low of $18.00 and a 1 year high of $37.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50.

Forestar Group (NYSE:FOR) last issued its quarterly earnings data on Thursday, April 17th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). The business had revenue of $351.00 million for the quarter, compared to analyst estimates of $379.60 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. On average, equities research analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Forestar Group by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,721,534 shares of the oil and gas exploration company’s stock valued at $70,541,000 after purchasing an additional 119,357 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Forestar Group by 8.2% during the first quarter. American Century Companies Inc. now owns 632,145 shares of the oil and gas exploration company’s stock valued at $13,364,000 after purchasing an additional 47,923 shares in the last quarter. Heartland Advisors Inc. lifted its position in shares of Forestar Group by 25.3% during the first quarter. Heartland Advisors Inc. now owns 491,900 shares of the oil and gas exploration company’s stock valued at $10,399,000 after purchasing an additional 99,300 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Forestar Group by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 481,253 shares of the oil and gas exploration company’s stock valued at $12,474,000 after purchasing an additional 12,473 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Forestar Group by 26.4% during the fourth quarter. First Eagle Investment Management LLC now owns 479,669 shares of the oil and gas exploration company’s stock valued at $12,433,000 after purchasing an additional 100,100 shares in the last quarter. 35.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BTIG Research reduced their price target on shares of Forestar Group from $36.00 to $29.00 and set a “buy” rating for the company in a report on Monday, April 21st. StockNews.com upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Citigroup reduced their price objective on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, January 23rd.

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.