Carolina Wealth Advisors LLC Sells 1,849 Shares of Forestar Group Inc. (NYSE:FOR)

Carolina Wealth Advisors LLC trimmed its position in shares of Forestar Group Inc. (NYSE:FOR) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,135 shares of the oil and gas exploration company’s stock after selling 1,849 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Forestar Group were worth $652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FOR. Vanguard Group Inc. lifted its holdings in Forestar Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,805,957 shares of the oil and gas exploration company’s stock valued at $112,771,000 after acquiring an additional 28,379 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Forestar Group by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock valued at $78,012,000 after purchasing an additional 201,032 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Forestar Group by 22.5% in the 2nd quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company’s stock worth $14,760,000 after purchasing an additional 84,861 shares during the period. Bridgeway Capital Management LLC grew its position in Forestar Group by 11.0% during the first quarter. Bridgeway Capital Management LLC now owns 439,892 shares of the oil and gas exploration company’s stock valued at $17,679,000 after buying an additional 43,457 shares during the period. Finally, Woodson Capital Management LP purchased a new stake in Forestar Group during the first quarter valued at approximately $13,367,000. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 5,951 shares of the company’s stock, valued at $193,883.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Forestar Group news, Director Elizabeth Parmer sold 1,547 shares of Forestar Group 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 position. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $32.58, for a total transaction of $65,160.00. Following the sale, the director now directly owns 5,951 shares in the company, valued at approximately $193,883.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,095 shares of company stock valued at $162,287. Corporate insiders own 0.49% of the company’s stock.

Forestar Group Price Performance

Forestar Group stock traded down $1.13 during mid-day trading on Monday, hitting $31.93. The stock had a trading volume of 33,714 shares, compared to its average volume of 195,776. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $31.27 and its 200 day moving average is $32.27. The firm has a market capitalization of $1.62 billion, a P/E ratio of 7.95 and a beta of 1.76. Forestar Group Inc. has a one year low of $22.97 and a one year high of $40.92.

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 for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). The business had revenue of $318.40 million during the quarter, compared to the consensus estimate of $370.50 million. Forestar Group had a return on equity of 13.48% and a net margin of 12.89%. On average, sell-side analysts forecast that Forestar Group Inc. will post 3.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.