Forestar Group Inc. (NYSE:FOR) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in Forestar Group Inc. (NYSE:FOR) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,669 shares of the oil and gas exploration company’s stock after buying an additional 100,100 shares during the period. First Eagle Investment Management LLC owned about 0.95% of Forestar Group worth $12,433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Forestar Group by 77.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,668 shares of the oil and gas exploration company’s stock worth $406,000 after purchasing an additional 6,837 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Forestar Group by 10.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company’s stock worth $170,000 after purchasing an additional 602 shares in the last quarter. AlphaQuest LLC increased its position in shares of Forestar Group by 30.9% during the fourth quarter. AlphaQuest LLC now owns 19,400 shares of the oil and gas exploration company’s stock worth $503,000 after purchasing an additional 4,580 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Forestar Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 160,056 shares of the oil and gas exploration company’s stock worth $4,149,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Denali Advisors LLC increased its position in shares of Forestar Group by 2.0% during the fourth quarter. Denali Advisors LLC now owns 237,161 shares of the oil and gas exploration company’s stock worth $6,147,000 after purchasing an additional 4,601 shares in the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, CEO Anthony W. Oxley acquired 4,300 shares of the stock in a transaction on Friday, February 14th. The shares were bought at an average price of $23.14 per share, with a total value of $99,502.00. Following the acquisition, the chief executive officer now owns 4,300 shares of the company’s stock, valued at $99,502. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FOR shares. Citigroup cut their target price on Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. StockNews.com upgraded Forestar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their target price on Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th.

Forestar Group Stock Performance

Shares of FOR stock opened at $21.62 on Friday. The stock has a market capitalization of $1.10 billion, a PE ratio of 6.06 and a beta of 1.75. Forestar Group Inc. has a 52-week low of $20.70 and a 52-week high of $40.92. The stock’s 50-day moving average price is $23.70 and its 200 day moving average price is $27.96. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50.

Forestar Group (NYSE:FOR) last issued 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). The company had revenue of $250.40 million during the quarter, compared to analyst estimates of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The business’s revenue was down 18.1% on a year-over-year basis. As a group, equities research analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current year.

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.