Total Wealth Planning & Management Inc. Invests $552,000 in Forestar Group Inc $FOR

Total Wealth Planning & Management Inc. bought a new position in Forestar Group Inc (NYSE:FOR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 22,398 shares of the oil and gas exploration company’s stock, valued at approximately $552,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Forestar Group by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,769,594 shares of the oil and gas exploration company’s stock worth $73,644,000 after buying an additional 110,286 shares during the last quarter. Integrated Advisors Network LLC purchased a new position in shares of Forestar Group in the 3rd quarter worth approximately $485,000. American Century Companies Inc. boosted its stake in shares of Forestar Group by 5.5% in the 3rd quarter. American Century Companies Inc. now owns 702,223 shares of the oil and gas exploration company’s stock worth $18,672,000 after buying an additional 36,626 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Forestar Group by 14.7% in the 3rd quarter. Quantbot Technologies LP now owns 16,889 shares of the oil and gas exploration company’s stock worth $449,000 after buying an additional 2,159 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Forestar Group in the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 35.50% of the company’s stock.

Forestar Group Price Performance

Forestar Group stock opened at $28.43 on Friday. Forestar Group Inc has a 12 month low of $19.26 and a 12 month high of $30.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.44. The business’s 50 day simple moving average is $26.43 and its 200 day simple moving average is $26.39. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 8.67 and a beta of 1.41.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.09). Forestar Group had a net margin of 9.80% and a return on equity of 9.49%. The firm had revenue of $374.30 million during the quarter, compared to analysts’ expectations of $372.57 million. During the same quarter in the previous year, the company posted $0.62 EPS. Forestar Group’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts forecast that Forestar Group Inc will post 3.06 EPS for the current year.

Analyst Ratings Changes

FOR has been the topic of a number of research analyst reports. BTIG Research initiated coverage on Forestar Group in a research note on Monday, March 30th. They issued a “hold” rating on the stock. Weiss Ratings downgraded Forestar Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Zacks Research downgraded Forestar Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Forestar Group presently has an average rating of “Hold” and a consensus price target of $32.67.

Forestar Group Company Profile

Forestar Group Inc, headquartered in Austin, Texas, is a residential lot development and management company focused on delivering finished home sites to homebuilders across the United States. The company acquires, entitles and develops land for single-family and multi-family housing, managing zoning, infrastructure and environmental approvals to prepare lots for construction. Forestar’s integrated approach to land development spans from initial site acquisition through final lot delivery, providing homebuilders with ready-to-build parcels in a variety of markets.

In addition to lot development, Forestar operates a retail homebuilding segment through joint ventures and strategic partnerships with national and regional homebuilders.