US Bancorp DE Sells 11,234 Shares of Forestar Group Inc. (NYSE:FOR)

US Bancorp DE lowered its position in shares of Forestar Group Inc. (NYSE:FOR) by 45.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,507 shares of the oil and gas exploration company’s stock after selling 11,234 shares during the period. US Bancorp DE’s holdings in Forestar Group were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in Forestar Group during the 3rd quarter worth $32,000. R Squared Ltd bought a new position in Forestar Group during the 4th quarter worth $95,000. Heck Capital Advisors LLC bought a new position in Forestar Group during the 4th quarter worth $112,000. SG Americas Securities LLC increased its stake in Forestar Group by 43.3% during the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock worth $148,000 after acquiring an additional 1,731 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Forestar Group during the 3rd quarter worth $172,000. Institutional investors own 35.50% of the company’s stock.

Analyst Upgrades and Downgrades

FOR has been the topic of a number of recent research reports. StockNews.com upgraded Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup reduced their target price on Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th.

Forestar Group Trading Down 1.1 %

Shares of FOR stock opened at $21.06 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. Forestar Group Inc. has a fifty-two week low of $20.70 and a fifty-two week high of $40.92. The company has a market cap of $1.07 billion, a PE ratio of 5.90 and a beta of 1.75. The stock’s fifty day moving average price is $23.79 and its two-hundred day moving average price is $28.00.

Forestar Group (NYSE:FOR) last released its quarterly earnings data on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The firm had revenue of $250.40 million for the quarter, compared to analyst estimates of $318.00 million. Forestar Group’s revenue for the quarter was down 18.1% on a year-over-year basis. Equities analysts predict that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Insider Activity at Forestar Group

In related news, CEO Anthony W. Oxley bought 4,300 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was acquired at an average cost of $23.14 per share, with a total value of $99,502.00. Following the transaction, the chief executive officer now directly owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

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.