Forestar Group (NYSE:FOR – Get Free Report) had its price objective dropped by JPMorgan Chase & Co. from $37.50 to $36.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 15.50% from the stock’s previous close.
Several other research firms have also issued reports on FOR. Citigroup lowered their target price on shares of Forestar Group from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. BTIG Research dropped 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 note on Friday, July 19th. Finally, StockNews.com cut shares of Forestar Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.
Check Out Our Latest Research Report on Forestar Group
Forestar Group Stock Performance
Insider Activity
In other news, Director Elizabeth Parmer sold 1,547 shares of Forestar Group stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $32.24, for a total value of $49,875.28. Following the sale, the director now owns 1,548 shares of the company’s stock, valued at $49,907.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Elizabeth Parmer sold 1,547 shares of Forestar Group stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $32.24, for a total value of $49,875.28. Following the sale, the director now owns 1,548 shares of the company’s stock, valued at $49,907.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director G.F. (Rick) Ringler III sold 2,000 shares of Forestar Group stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $31.38, for a total transaction of $62,760.00. Following the completion of the sale, the director now directly owns 7,951 shares in the company, valued at approximately $249,502.38. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.
Institutional Trading of Forestar Group
A number of institutional investors have recently added to or reduced their stakes in FOR. Vanguard Group Inc. raised its holdings in Forestar Group by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,761,849 shares of the oil and gas exploration company’s stock valued at $74,404,000 after acquiring an additional 90,291 shares during the last quarter. SG Americas Securities LLC grew its stake in Forestar Group by 25.0% during the fourth quarter. SG Americas Securities LLC now owns 10,356 shares of the oil and gas exploration company’s stock worth $342,000 after buying an additional 2,074 shares during the period. Ritholtz Wealth Management increased its position in shares of Forestar Group by 79.3% in the fourth quarter. Ritholtz Wealth Management now owns 46,451 shares of the oil and gas exploration company’s stock worth $1,536,000 after acquiring an additional 20,549 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Forestar Group during the 4th quarter worth $35,000. Finally, Denali Advisors LLC raised its holdings in shares of Forestar Group by 81.1% during the 4th quarter. Denali Advisors LLC now owns 81,728 shares of the oil and gas exploration company’s stock valued at $2,703,000 after buying an additional 36,600 shares during the period. Hedge funds and other institutional investors own 35.50% of the company’s stock.
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.
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