Forestar Group Inc. (NYSE:FOR) Shares Purchased by US Bancorp DE

US Bancorp DE lifted its stake in Forestar Group Inc. (NYSE:FOR) by 18.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,741 shares of the oil and gas exploration company’s stock after acquiring an additional 3,819 shares during the quarter. US Bancorp DE’s holdings in Forestar Group were worth $801,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Sierra Summit Advisors LLC lifted its holdings in shares of Forestar Group by 2.2% in the 2nd quarter. Sierra Summit Advisors LLC now owns 17,166 shares of the oil and gas exploration company’s stock worth $549,000 after acquiring an additional 370 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Forestar Group by 115.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock worth $37,000 after acquiring an additional 495 shares during the last quarter. CWM LLC lifted its holdings in shares of Forestar Group by 111.6% in the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 559 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Forestar Group by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,920 shares of the oil and gas exploration company’s stock worth $349,000 after acquiring an additional 765 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Forestar Group by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,997 shares of the oil and gas exploration company’s stock worth $442,000 after acquiring an additional 781 shares during the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Forestar Group Price Performance

Forestar Group stock opened at $31.18 on Friday. The firm has a market cap of $1.58 billion, a PE ratio of 7.78 and a beta of 1.76. Forestar Group Inc. has a 52-week low of $27.49 and a 52-week high of $40.92. The company has a quick ratio of 1.50, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $31.77 and its two-hundred day moving average is $31.84.

Forestar Group (NYSE:FOR) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The company had revenue of $551.40 million for the quarter, compared to the consensus estimate of $503.76 million. During the same period in the prior year, the firm posted $1.44 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts expect that Forestar Group Inc. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FOR has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. BTIG Research reduced their target price on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, July 19th.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following the sale, the director now directly owns 5,951 shares of the company’s stock, valued at approximately $193,883.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

About Forestar Group

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.