UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Forestar Group Inc. (NYSE:FOR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,406 shares of the oil and gas exploration company’s stock after selling 511 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of Forestar Group worth $1,276,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Forestar Group by 9.0% during the second 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 buying an additional 201,032 shares during the period. American Century Companies Inc. increased its stake in shares of Forestar Group by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company’s stock valued at $14,760,000 after acquiring an additional 84,861 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Forestar Group by 13.7% during the 3rd quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock worth $11,668,000 after acquiring an additional 43,369 shares during the period. Empowered Funds LLC lifted its holdings in shares of Forestar Group by 3.8% during the 3rd quarter. Empowered Funds LLC now owns 317,989 shares of the oil and gas exploration company’s stock worth $10,293,000 after acquiring an additional 11,780 shares during the period. Finally, Moody Aldrich Partners LLC boosted its position in shares of Forestar Group by 27.2% in the third quarter. Moody Aldrich Partners LLC now owns 216,354 shares of the oil and gas exploration company’s stock worth $7,003,000 after acquiring an additional 46,250 shares during the last quarter. Institutional investors and hedge funds own 35.50% of the company’s stock.

Insiders Place Their Bets

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of Forestar Group stock in a transaction that occurred 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 transaction, the director now directly owns 5,951 shares of the company’s stock, valued at $193,883.58. The trade was a 25.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.

Forestar Group Stock Performance

Shares of FOR stock opened at $26.98 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 6.73 and a beta of 1.72. Forestar Group Inc. has a one year low of $26.96 and a one year high of $40.92. The company has a 50 day moving average price of $30.49 and a 200 day moving average price of $31.09.

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