Forestar Group Inc. (NYSE:FOR) Stock Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Forestar Group Inc. (NYSE:FOR) by 21.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,927 shares of the oil and gas exploration company’s stock after selling 2,481 shares during the period. Victory Capital Management Inc.’s holdings in Forestar Group were worth $289,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Family Firm Inc. bought a new position in shares of Forestar Group during the second quarter worth about $34,000. CWM LLC lifted its holdings in Forestar Group by 111.6% in the second quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 559 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Forestar Group by 115.4% in the first quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock worth $37,000 after purchasing an additional 495 shares during the period. nVerses Capital LLC lifted its holdings in Forestar Group by 500.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock worth $39,000 after purchasing an additional 1,000 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Forestar Group in the second quarter worth about $112,000. Institutional investors own 35.50% of the company’s stock.

Forestar Group Stock Performance

FOR stock opened at $29.85 on Friday. The company has a market capitalization of $1.51 billion, a P/E ratio of 7.44 and a beta of 1.76. The company has a 50-day simple moving average of $31.30 and a 200 day simple moving average of $31.53. Forestar Group Inc. has a fifty-two week low of $27.49 and a fifty-two week high of $40.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. Sell-side analysts predict that Forestar Group Inc. will post 3.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following the completion of the sale, the director now directly owns 5,951 shares of the company’s stock, valued at approximately $193,883.58. This represents a 25.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

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.