Creative Planning Sells 542 Shares of Forestar Group Inc. (NYSE:FOR)

Creative Planning lowered its position in shares of Forestar Group Inc. (NYSE:FOR) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,031 shares of the oil and gas exploration company’s stock after selling 542 shares during the period. Creative Planning’s holdings in Forestar Group were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted 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 valued at $349,000 after purchasing an additional 765 shares in the last quarter. Dark Forest Capital Management LP boosted its holdings in shares of Forestar Group by 17.5% in the 2nd quarter. Dark Forest Capital Management LP now owns 23,730 shares of the oil and gas exploration company’s stock valued at $759,000 after purchasing an additional 3,538 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Forestar Group in the 2nd quarter valued at $835,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Forestar Group by 474.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,311 shares of the oil and gas exploration company’s stock valued at $168,000 after purchasing an additional 4,387 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Forestar Group by 19.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 169,100 shares of the oil and gas exploration company’s stock valued at $5,410,000 after purchasing an additional 27,000 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Citigroup cut their price objective on Forestar Group from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, BTIG Research cut their price objective on Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, July 19th.

Forestar Group Price Performance

FOR stock opened at $33.00 on Friday. The company has a market capitalization of $1.67 billion, a P/E ratio of 8.21 and a beta of 1.76. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.50. Forestar Group Inc. has a 52-week low of $22.71 and a 52-week high of $40.92. The business has a 50-day simple moving average of $31.10 and a two-hundred day simple moving average of $32.40.

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

Insider Activity at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.58, for a total value of $65,160.00. Following the transaction, the director now owns 5,951 shares in the company, valued at approximately $193,883.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Forestar Group news, 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 transaction of $65,160.00. Following the sale, the director now owns 5,951 shares of the company’s stock, valued at $193,883.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Elizabeth Parmer sold 1,547 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $32.24, for a total transaction of $49,875.28. Following the completion of the transaction, the director now directly owns 1,548 shares in the company, valued at approximately $49,907.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,095 shares of company stock worth $162,287. Insiders own 0.49% of the company’s stock.

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.