Forestar Group Inc. (NYSE:FOR) Shares Bought by Empowered Funds LLC

Empowered Funds LLC increased its stake in Forestar Group Inc. (NYSE:FOR) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 317,989 shares of the oil and gas exploration company’s stock after acquiring an additional 11,780 shares during the quarter. Empowered Funds LLC’s holdings in Forestar Group were worth $10,293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FOR. Sierra Summit Advisors LLC boosted its position in shares of 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 valued at $549,000 after purchasing an additional 370 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Forestar Group by 115.4% in 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. CWM LLC increased its position in shares of Forestar Group by 111.6% in the second 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Forestar Group by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,920 shares of the oil and gas exploration company’s stock valued at $349,000 after acquiring an additional 765 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Forestar Group by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,997 shares of the oil and gas exploration company’s stock valued at $442,000 after acquiring an additional 781 shares in the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Forestar Group Stock Down 0.7 %

Forestar Group stock opened at $29.41 on Friday. Forestar Group Inc. has a twelve month low of $27.49 and a twelve month high of $40.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.61. The firm has a market cap of $1.49 billion, a PE ratio of 7.33 and a beta of 1.76. The firm’s 50 day moving average price is $31.74 and its two-hundred day moving average price is $31.79.

Forestar Group (NYSE:FOR) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.29. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The firm had revenue of $551.40 million during the quarter, compared to analysts’ expectations of $503.76 million. During the same quarter last year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts predict that Forestar Group Inc. will post 3.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. BTIG Research lowered their price target on Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, July 19th.

Insider Activity

In other news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.58, for a total transaction of $65,160.00. Following the transaction, the director now owns 5,951 shares in the company, valued at approximately $193,883.58. This trade represents a 25.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

Forestar Group 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.