Insider Selling: Forestar Group Inc. (NYSE:FOR) Director Sells 750 Shares of Stock

Forestar Group Inc. (NYSE:FOR) Director Elizabeth Parmer sold 750 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $32.05, for a total transaction of $24,037.50. Following the completion of the sale, the director now directly owns 798 shares in the company, valued at approximately $25,575.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Elizabeth Parmer also recently made the following trade(s):

• On Tuesday, July 23rd, Elizabeth Parmer sold 1,547 shares of Forestar Group stock. The shares were sold at an average price of $32.24, for a total value of $49,875.28.

Forestar Group Trading Up 0.2 %

Shares of NYSE:FOR traded up $0.06 during midday trading on Monday, hitting $31.98. The company had a trading volume of 97,895 shares, compared to its average volume of 215,309. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Forestar Group Inc. has a 12 month low of $22.71 and a 12 month high of $40.92. The firm has a fifty day simple moving average of $32.37 and a 200 day simple moving average of $33.66. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 8.00 and a beta of 1.77.

Hedge Funds Weigh In On Forestar Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC bought a new stake in shares of Forestar Group in the 1st quarter valued at about $941,000. Allspring Global Investments Holdings LLC increased its stake in Forestar Group by 918.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 45,195 shares of the oil and gas exploration company’s stock valued at $1,816,000 after purchasing an additional 40,759 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Forestar Group in the fourth quarter valued at approximately $786,000. Dynamic Technology Lab Private Ltd acquired a new stake in Forestar Group in the fourth quarter worth $1,115,000. Finally, Federated Hermes Inc. boosted its position in shares of Forestar Group by 2,614.5% during the fourth quarter. Federated Hermes Inc. now owns 28,176 shares of the oil and gas exploration company’s stock worth $932,000 after purchasing an additional 27,138 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FOR. Citigroup decreased their price objective on Forestar Group from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered their price objective on Forestar Group from $37.50 to $36.00 and set a “neutral” rating for the company in a research report on Thursday. StockNews.com downgraded shares of Forestar Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, BTIG Research lowered their price target on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, July 19th.

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.