O Shaughnessy Asset Management LLC Sells 26,399 Shares of Forestar Group Inc. (NYSE:FOR)

O Shaughnessy Asset Management LLC reduced its stake in Forestar Group Inc. (NYSE:FOR) by 31.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 57,959 shares of the oil and gas exploration company’s stock after selling 26,399 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Forestar Group were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in Forestar Group by 11.3% in the 4th quarter. American Century Companies Inc. now owns 584,222 shares of the oil and gas exploration company’s stock valued at $15,143,000 after buying an additional 59,427 shares during the last quarter. First Eagle Investment Management LLC increased its stake 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 worth $12,433,000 after purchasing an additional 100,100 shares during the period. State Street Corp lifted its holdings in Forestar Group by 0.9% during the 3rd quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company’s stock worth $13,838,000 after purchasing an additional 3,922 shares during the last quarter. Heartland Advisors Inc. lifted its holdings in Forestar Group by 12.2% during the 4th quarter. Heartland Advisors Inc. now owns 392,600 shares of the oil and gas exploration company’s stock worth $10,176,000 after purchasing an additional 42,600 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Forestar Group by 13.7% in the 3rd quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock valued at $11,668,000 after purchasing an additional 43,369 shares during the period. 35.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were bought at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the purchase, the chief executive officer now owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.40% of the company’s stock.

Forestar Group Stock Performance

FOR opened at $21.16 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. Forestar Group Inc. has a 52-week low of $20.01 and a 52-week high of $40.79. The firm has a market cap of $1.07 billion, a P/E ratio of 5.93 and a beta of 1.75. The business’s fifty day moving average is $22.42 and its 200-day moving average is $26.91.

Forestar Group (NYSE:FOR) last released its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The firm had revenue of $250.40 million during the quarter, compared to the consensus estimate of $318.00 million. Forestar Group’s quarterly revenue was down 18.1% on a year-over-year basis. Sell-side analysts expect that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FOR has been the subject of a number of research reports. Citigroup dropped their target price on Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped 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. Finally, StockNews.com upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

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.