Forestar Group Inc. (NYSE:FOR) Stock Position Increased by State Street Corp

State Street Corp grew its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 427,487 shares of the oil and gas exploration company’s stock after purchasing an additional 3,922 shares during the period. State Street Corp owned approximately 0.84% of Forestar Group worth $13,838,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Forestar Group by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock valued at $78,012,000 after acquiring an additional 201,032 shares during the last quarter. Woodson Capital Management LP lifted its stake in Forestar Group by 12.0% in the 3rd quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company’s stock worth $18,127,000 after acquiring an additional 60,000 shares in the last quarter. American Century Companies Inc. grew its position in Forestar Group by 22.5% during the second 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 purchasing an additional 84,861 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Forestar Group by 13.7% during the third 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 in the last quarter. Finally, 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 valued at $10,293,000 after buying an additional 11,780 shares during the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Forestar Group Stock Up 0.8 %

FOR stock opened at $26.01 on Wednesday. The company has a fifty day simple moving average of $29.82 and a 200 day simple moving average of $30.80. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44. Forestar Group Inc. has a 1 year low of $25.33 and a 1 year high of $40.92. The firm has a market cap of $1.32 billion, a PE ratio of 6.49 and a beta of 1.72.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.29. The business had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. Forestar Group’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. Sell-side analysts anticipate that Forestar Group Inc. will post 3.67 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 Forestar Group 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 sale, the director now directly owns 5,951 shares of the company’s stock, valued at approximately $193,883.58. The trade was a 25.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

Forestar Group Company 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.