Forestar Group Inc. (NYSE:FOR) Short Interest Update

Forestar Group Inc. (NYSE:FOR) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 393,600 shares, a decline of 6.2% from the September 15th total of 419,600 shares. Based on an average daily volume of 182,300 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.1% of the company’s shares are sold short.

Analysts Set New Price Targets

FOR has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of Forestar Group from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. BTIG Research lowered their target price on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director Elizabeth Parmer sold 1,547 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $32.24, for a total value of $49,875.28. Following the sale, the director now owns 1,548 shares of the company’s stock, valued at $49,907.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Elizabeth Parmer sold 1,547 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $32.24, for a total transaction of $49,875.28. Following the sale, the director now owns 1,548 shares of the company’s stock, valued at approximately $49,907.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.58, for a total value of $65,160.00. Following the sale, the director now directly owns 5,951 shares in the company, valued at $193,883.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,095 shares of company stock valued at $162,287 over the last quarter. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Forestar Group

Several large investors have recently bought and sold shares of FOR. Transcendent Capital Group LLC acquired a new stake in shares of Forestar Group during the first quarter worth about $32,000. CWM LLC boosted its stake in shares of Forestar Group by 111.6% during the second quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 559 shares during the period. Family Firm Inc. acquired a new stake in shares of Forestar Group during the second quarter worth about $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of Forestar Group by 115.4% during the first quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock worth $37,000 after buying an additional 495 shares during the period. Finally, nVerses Capital LLC boosted its stake in shares of Forestar Group by 500.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock worth $39,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 35.50% of the company’s stock.

Forestar Group Stock Performance

NYSE FOR traded up $0.27 during trading hours on Thursday, hitting $33.09. The company had a trading volume of 13,795 shares, compared to its average volume of 196,916. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.50. Forestar Group has a 1-year low of $22.71 and a 1-year high of $40.92. The company has a market cap of $1.67 billion, a PE ratio of 8.21 and a beta of 1.76. The business has a 50 day moving average of $31.10 and a 200-day moving average of $32.40.

Forestar Group (NYSE:FOR) last released its quarterly earnings data on Thursday, July 18th. The oil and gas exploration company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. The company had revenue of $318.40 million during the quarter, compared to analyst estimates of $370.50 million. As a group, equities research analysts expect that Forestar Group will post 3.72 EPS for the current year.

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.