Anthony W. Oxley Buys 4,300 Shares of Forestar Group Inc. (NYSE:FOR) Stock

Forestar Group Inc. (NYSE:FOR) CEO Anthony W. Oxley bought 4,300 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the transaction, the chief executive officer now owns 4,300 shares of the company’s stock, valued at $99,502. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Forestar Group Stock Performance

Shares of FOR stock opened at $23.64 on Wednesday. The company’s fifty day simple moving average is $25.22 and its 200-day simple moving average is $28.83. Forestar Group Inc. has a 52 week low of $22.42 and a 52 week high of $40.92. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.20 billion, a PE ratio of 6.62 and a beta of 1.72.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FOR. Dimensional Fund Advisors LP grew its holdings in Forestar Group by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,721,534 shares of the oil and gas exploration company’s stock worth $70,541,000 after acquiring an additional 119,357 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Forestar Group by 406.1% during the 4th quarter. Janus Henderson Group PLC now owns 125,408 shares of the oil and gas exploration company’s stock valued at $3,247,000 after purchasing an additional 100,629 shares during the period. First Eagle Investment Management LLC boosted its stake in Forestar Group by 26.4% during the 4th quarter. First Eagle Investment Management LLC now owns 479,669 shares of the oil and gas exploration company’s stock valued at $12,433,000 after purchasing an additional 100,100 shares during the period. Crestline Management LP acquired a new position in Forestar Group during the 4th quarter valued at about $2,333,000. Finally, First Trust Advisors LP boosted its stake in Forestar Group by 197.8% during the 4th quarter. First Trust Advisors LP now owns 128,989 shares of the oil and gas exploration company’s stock valued at $3,343,000 after purchasing an additional 85,669 shares during the period. 35.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.