Principal Financial Group Inc. Increases Position in Forestar Group Inc. (NYSE:FOR)

Principal Financial Group Inc. raised its stake in Forestar Group Inc. (NYSE:FOR) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 360,471 shares of the oil and gas exploration company’s stock after buying an additional 43,369 shares during the period. Principal Financial Group Inc. owned about 0.71% of Forestar Group worth $11,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Forestar Group by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock valued at $78,012,000 after purchasing an additional 201,032 shares during the last quarter. Woodson Capital Management LP increased its position in shares of Forestar Group by 12.0% in the 3rd quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company’s stock valued at $18,127,000 after acquiring an additional 60,000 shares during the period. American Century Companies Inc. raised its stake in shares of Forestar Group by 22.5% in the second quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company’s stock worth $14,760,000 after purchasing an additional 84,861 shares during the last quarter. State Street Corp lifted its stake in Forestar Group by 0.9% during the 3rd quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company’s stock valued at $13,838,000 after acquiring an additional 3,922 shares during the period. Finally, Empowered Funds LLC lifted its position in Forestar Group by 3.8% during the third quarter. Empowered Funds LLC now owns 317,989 shares of the oil and gas exploration company’s stock valued at $10,293,000 after purchasing an additional 11,780 shares during the period. Institutional investors own 35.50% of the company’s stock.

Forestar Group Stock Down 1.9 %

Forestar Group stock opened at $25.70 on Monday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 6.41 and a beta of 1.72. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $29.40 and its 200 day moving average price is $30.67. Forestar Group Inc. has a 52 week low of $25.33 and a 52 week high of $40.92.

Forestar Group (NYSE:FOR) last released its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.29. The business had revenue of $551.40 million during the quarter, compared to analysts’ expectations of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 earnings per share. As a group, sell-side analysts anticipate that Forestar Group Inc. will post 3.67 earnings per share for the current year.

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.