Forestar Group Inc. (NYSE:FOR) CEO Purchases $99,502.00 in Stock

Forestar Group Inc. (NYSE:FOR) CEO Anthony W. Oxley purchased 4,300 shares of the business’s stock in a transaction on Friday, February 14th. The shares were purchased at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the transaction, the chief executive officer now owns 4,300 shares of the company’s stock, valued at $99,502. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Forestar Group Stock Performance

Shares of NYSE:FOR traded up $0.14 during trading on Tuesday, reaching $23.39. The company had a trading volume of 123,885 shares, compared to its average volume of 194,996. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 6.55 and a beta of 1.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The stock’s fifty day moving average price is $25.22 and its 200 day moving average price is $28.83. Forestar Group Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $40.92.

Forestar Group (NYSE:FOR) last released its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). The company 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%. Forestar Group’s quarterly revenue was down 18.1% compared to the same quarter last year. As a group, equities research analysts predict that Forestar Group Inc. will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Forestar Group by 4.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,831 shares of the oil and gas exploration company’s stock valued at $286,000 after buying an additional 392 shares in the last quarter. Carolina Wealth Advisors LLC boosted 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 valued at $534,000 after buying an additional 454 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Forestar Group by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,905 shares of the oil and gas exploration company’s stock valued at $283,000 after buying an additional 456 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Forestar Group by 3.2% in the fourth quarter. Sterling Capital Management LLC now owns 15,670 shares of the oil and gas exploration company’s stock valued at $406,000 after buying an additional 479 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Forestar Group by 10.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company’s stock valued at $170,000 after buying an additional 602 shares in the last quarter. Institutional investors and hedge funds own 35.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on FOR. JPMorgan Chase & Co. cut their price target on Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. StockNews.com lowered Forestar Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Citigroup cut 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.

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.