Forestar Group Inc. (NYSE:FOR) Director Sells $19,944.40 in Stock

Forestar Group Inc. (NYSE:FOR) Director Elizabeth Parmer sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $29.33, for a total transaction of $19,944.40. Following the sale, the director now directly owns 1,320 shares of the company’s stock, valued at $38,715.60. This trade represents a 34.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Forestar Group Trading Up 1.0 %

NYSE:FOR opened at $29.06 on Monday. 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 12 month low of $27.49 and a 12 month high of $40.92. The company has a market cap of $1.47 billion, a PE ratio of 7.25 and a beta of 1.76. The company has a 50 day simple moving average of $31.59 and a two-hundred day simple moving average of $31.64.

Forestar Group (NYSE:FOR) last posted its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. During the same quarter in the previous year, the firm posted $1.44 EPS. The firm’s revenue was up .3% on a year-over-year basis. Research analysts forecast that Forestar Group Inc. will post 3.67 earnings per share for the current year.

Institutional Investors Weigh In On Forestar Group

A number of large investors have recently added to or reduced their stakes in the stock. Sierra Summit Advisors LLC grew its position in Forestar Group by 2.2% in the 2nd quarter. Sierra Summit Advisors LLC now owns 17,166 shares of the oil and gas exploration company’s stock worth $549,000 after purchasing an additional 370 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Forestar Group by 4.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,831 shares of the oil and gas exploration company’s stock worth $286,000 after acquiring an additional 392 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Forestar Group by 115.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock worth $37,000 after acquiring an additional 495 shares during the last quarter. CWM LLC boosted 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 acquiring an additional 559 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Forestar Group by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,920 shares of the oil and gas exploration company’s stock worth $349,000 after acquiring an additional 765 shares during the last quarter. Institutional investors own 35.50% of the company’s stock.

About Forestar Group

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.