Forestar Group Inc. (NYSE:FOR) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in Forestar Group Inc. (NYSE:FOR) by 66.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,432 shares of the oil and gas exploration company’s stock after selling 45,059 shares during the quarter. Sei Investments Co.’s holdings in Forestar Group were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOR. Woodson Capital Management LP purchased a new stake in shares of Forestar Group in the first quarter valued at approximately $13,367,000. Principal Financial Group Inc. lifted its holdings in Forestar Group by 2,409.9% in the second quarter. Principal Financial Group Inc. now owns 317,102 shares of the oil and gas exploration company’s stock valued at $10,144,000 after acquiring an additional 304,468 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Forestar Group during the 2nd quarter worth $6,753,000. First Eagle Investment Management LLC purchased a new stake in shares of Forestar Group during the 2nd quarter worth $6,592,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Forestar Group by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock worth $78,012,000 after purchasing an additional 201,032 shares during the period. Institutional investors and hedge funds own 35.50% of the company’s stock.

Analyst Ratings Changes

FOR has been the topic of a number of research analyst reports. BTIG Research decreased their price objective 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. Citigroup decreased their price target on Forestar Group from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th.

Forestar Group Price Performance

Forestar Group stock opened at $31.41 on Wednesday. The firm has a market capitalization of $1.59 billion, a PE ratio of 7.81 and a beta of 1.76. Forestar Group Inc. has a 52 week low of $22.71 and a 52 week high of $40.92. The firm’s 50-day simple moving average is $30.84 and its 200 day simple moving average is $32.65. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.47.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Thursday, July 18th. The oil and gas exploration company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). The business had revenue of $318.40 million during the quarter, compared to analysts’ expectations of $370.50 million. Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. On average, equities research analysts predict that Forestar Group Inc. will post 3.72 EPS for the current fiscal year.

Insider Activity at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction of $65,160.00. Following the completion of the transaction, the director now owns 5,951 shares of the company’s stock, valued at approximately $193,883.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Elizabeth Parmer sold 1,547 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $32.24, for a total transaction of $49,875.28. Following the sale, the director now owns 1,548 shares in the company, valued at approximately $49,907.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G.F. (Rick) Ringler III sold 2,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 5,951 shares of the company’s stock, valued at $193,883.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,095 shares of company stock valued at $162,287. 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.