Anthony W. Oxley Acquires 4,300 Shares of Forestar Group Inc. (NYSE:FOR) Stock

Forestar Group Inc. (NYSE:FOR) CEO Anthony W. Oxley acquired 4,300 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the purchase, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Forestar Group Stock Down 2.0 %

Shares of FOR stock opened at $23.16 on Thursday. Forestar Group Inc. has a 12 month low of $22.42 and a 12 month high of $40.92. The firm has a market cap of $1.17 billion, a PE ratio of 6.49 and a beta of 1.72. The stock has a 50 day moving average of $25.02 and a 200-day moving average of $28.74. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50.

Forestar Group (NYSE:FOR) last issued its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). The firm had revenue of $250.40 million during the quarter, compared to analyst estimates of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The business’s revenue for the quarter was down 18.1% compared to the same quarter last year. On average, equities analysts predict that Forestar Group Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

FOR has been the topic of several recent analyst reports. Citigroup dropped their price target on Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com lowered Forestar Group from a “hold” rating to a “sell” rating in a report on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Forestar Group by 4.6% in 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. raised its stake in shares of Forestar Group by 11.3% in the fourth 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 purchasing an additional 59,427 shares in the last quarter. Woodson Capital Management LP raised its stake in shares of Forestar Group by 12.0% in the third quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company’s stock valued at $18,127,000 after purchasing an additional 60,000 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Forestar Group by 2.7% in 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 raised its stake in shares of Forestar Group by 26.4% in 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 currently 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.