Moody Aldrich Partners LLC Has $5.39 Million Stock Position in Forestar Group Inc. (NYSE:FOR)

Moody Aldrich Partners LLC cut its stake in Forestar Group Inc. (NYSE:FOR) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,978 shares of the oil and gas exploration company’s stock after selling 8,376 shares during the quarter. Forestar Group makes up approximately 1.0% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 29th largest holding. Moody Aldrich Partners LLC’s holdings in Forestar Group were worth $5,391,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Forestar Group by 4.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,831 shares of the oil and gas exploration company’s stock worth $286,000 after purchasing an additional 392 shares during the period. Carolina Wealth Advisors LLC lifted its stake 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 worth $534,000 after acquiring an additional 454 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Forestar Group by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,920 shares of the oil and gas exploration company’s stock valued at $349,000 after purchasing an additional 765 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Forestar Group during the 3rd quarter worth about $32,000. Finally, nVerses Capital LLC lifted its position in Forestar Group by 500.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock valued at $39,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 35.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com cut shares of Forestar Group from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup reduced their price target on Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday.

Forestar Group Stock Down 0.5 %

NYSE:FOR opened at $23.97 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 1.61. The firm’s 50-day moving average price is $26.95 and its 200-day moving average price is $29.73. Forestar Group Inc. has a 1-year low of $23.38 and a 1-year high of $40.92. The company has a market capitalization of $1.21 billion, a PE ratio of 6.71 and a beta of 1.74.

Forestar Group (NYSE:FOR) last released its quarterly earnings data 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 return on equity of 11.74% and a net margin of 12.50%. The business had revenue of $250.40 million during the quarter, compared to the consensus estimate of $318.00 million. The company’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, equities analysts predict that Forestar Group Inc. will post 3.67 EPS for the current fiscal year.

Forestar Group 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.