Forestar Group Inc. (NYSE:FOR) Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 918.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,195 shares of the oil and gas exploration company’s stock after acquiring an additional 40,759 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.09% of Forestar Group worth $1,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its position in Forestar Group by 82.3% during the first quarter. Los Angeles Capital Management LLC now owns 65,867 shares of the oil and gas exploration company’s stock worth $2,647,000 after purchasing an additional 29,743 shares during the period. Quadrature Capital Ltd acquired a new position in Forestar Group in the 4th quarter valued at approximately $786,000. Vanguard Group Inc. increased its position in shares of Forestar Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,777,578 shares of the oil and gas exploration company’s stock valued at $91,855,000 after purchasing an additional 15,729 shares during the period. Nebula Research & Development LLC lifted its holdings in shares of Forestar Group by 115.3% during the 4th quarter. Nebula Research & Development LLC now owns 22,849 shares of the oil and gas exploration company’s stock worth $756,000 after acquiring an additional 12,237 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of Forestar Group by 20.6% in the 4th quarter. Allianz Asset Management GmbH now owns 75,035 shares of the oil and gas exploration company’s stock valued at $2,481,000 after purchasing an additional 12,807 shares during the period. Institutional investors own 35.50% of the company’s stock.

Insider Activity at Forestar Group

In related news, CEO Anthony W. Oxley bought 3,210 shares of Forestar Group stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average price of $31.15 per share, with a total value of $99,991.50. Following the acquisition, the chief executive officer now owns 3,210 shares of the company’s stock, valued at approximately $99,991.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was 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 $249,502.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony W. Oxley bought 3,210 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was bought at an average cost of $31.15 per share, with a total value of $99,991.50. Following the acquisition, the chief executive officer now directly owns 3,210 shares of the company’s stock, valued at approximately $99,991.50. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

Forestar Group Trading Down 4.7 %

FOR opened at $29.93 on Wednesday. The firm has a 50 day simple moving average of $32.73 and a 200 day simple moving average of $33.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 7.45 and a beta of 1.77. Forestar Group Inc. has a fifty-two week low of $21.88 and a fifty-two week high of $40.92.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Thursday, April 18th. The oil and gas exploration company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. Forestar Group had a net margin of 12.99% and a return on equity of 14.59%. The company had revenue of $333.80 million for the quarter, compared to the consensus estimate of $345.60 million. On average, sell-side analysts anticipate that Forestar Group Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FOR has been the topic of several recent analyst reports. StockNews.com downgraded shares of Forestar Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Citigroup cut their price objective on Forestar Group from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday.

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.