Forestar Group Inc. (NYSE:FOR) Stake Raised by Creative Planning

Creative Planning increased its holdings in Forestar Group Inc. (NYSE:FOR) by 35.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,600 shares of the oil and gas exploration company’s stock after acquiring an additional 3,569 shares during the period. Creative Planning’s holdings in Forestar Group were worth $440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOR. Transcendent Capital Group LLC purchased a new stake in shares of Forestar Group during the 1st quarter worth about $32,000. CWM LLC raised its stake in shares of Forestar Group by 111.6% during the 2nd 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 in the last quarter. Family Firm Inc. bought a new position in shares of Forestar Group in the 2nd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Forestar Group by 115.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock valued at $37,000 after acquiring an additional 495 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Forestar Group in the 2nd quarter valued at approximately $112,000. 35.50% of the stock is owned by hedge funds and other institutional investors.

Forestar Group Stock Performance

FOR opened at $32.35 on Thursday. The firm has a market capitalization of $1.64 billion, a P/E ratio of 8.07 and a beta of 1.76. The stock’s 50 day moving average price is $31.73 and its two-hundred day moving average price is $31.84. The company has a quick ratio of 1.50, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. Forestar Group Inc. has a 12-month low of $27.02 and a 12-month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.29. The firm had revenue of $551.40 million for the quarter, compared to analyst estimates of $503.76 million. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. On average, equities analysts forecast that Forestar Group Inc. will post 3.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FOR shares. 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 research note on Friday, July 19th. JPMorgan Chase & Co. lowered their target price on Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th.

Insider Transactions at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’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 transaction of $65,160.00. Following the completion of the transaction, the director now owns 5,951 shares in the company, valued at $193,883.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by 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.