Charles Schwab Investment Management Inc. Grows Position in Forestar Group Inc. (NYSE:FOR)

Charles Schwab Investment Management Inc. grew its holdings in Forestar Group Inc. (NYSE:FOR) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,056 shares of the oil and gas exploration company’s stock after purchasing an additional 1,097 shares during the period. Charles Schwab Investment Management Inc. owned about 0.32% of Forestar Group worth $4,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in shares of Forestar Group in the 3rd quarter worth approximately $32,000. R Squared Ltd acquired a new position in shares of Forestar Group in the 4th quarter valued at $95,000. Heck Capital Advisors LLC purchased a new position in shares of Forestar Group in the fourth quarter worth about $112,000. SG Americas Securities LLC boosted its holdings in shares of Forestar Group by 43.3% in the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock valued at $148,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Forestar Group during the 3rd quarter worth about $172,000. Institutional investors own 35.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Citigroup cut their target price on Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd.

Insider Activity

In related news, CEO Anthony W. Oxley acquired 4,300 shares of the business’s stock in a transaction on Friday, February 14th. The shares were bought at an average price of $23.14 per share, with a total value of $99,502.00. Following the completion of the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at $99,502. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Forestar Group Price Performance

Forestar Group stock opened at $21.66 on Thursday. Forestar Group Inc. has a 1 year low of $20.70 and a 1 year high of $40.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. The company’s 50 day simple moving average is $23.00 and its 200-day simple moving average is $27.40. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 6.07 and a beta of 1.75.

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). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The business had revenue of $250.40 million for the quarter, compared to analyst estimates of $318.00 million. The company’s revenue was down 18.1% on a year-over-year basis. As a group, equities research analysts expect that Forestar Group Inc. will post 3.44 earnings per share for the current year.

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.