Moody Aldrich Partners LLC Cuts Position in Forestar Group Inc. (NYSE:FOR)

Moody Aldrich Partners LLC trimmed its stake in Forestar Group Inc. (NYSE:FOR) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,978 shares of the oil and gas exploration company’s stock after selling 8,376 shares during the period. Forestar Group makes up about 1.0% of Moody Aldrich Partners LLC’s portfolio, making the stock its 29th biggest position. Moody Aldrich Partners LLC owned about 0.41% of Forestar Group worth $5,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in shares of Forestar Group during the 3rd quarter valued at approximately $32,000. nVerses Capital LLC grew its holdings in shares of Forestar Group by 500.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock worth $39,000 after purchasing an additional 1,000 shares during the period. SG Americas Securities LLC boosted its holdings in Forestar Group by 43.3% during the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock valued at $148,000 after acquiring an additional 1,731 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Forestar Group in the 3rd quarter valued at approximately $172,000. Finally, Arete Wealth Advisors LLC acquired a new position in shares of Forestar Group during the 3rd quarter worth about $227,000. 35.50% of the stock is owned by hedge funds and other institutional investors.

Forestar Group Stock Down 0.5 %

Shares of Forestar Group stock opened at $23.97 on Wednesday. The company has a market capitalization of $1.21 billion, a P/E ratio of 6.71 and a beta of 1.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 1.61. The business’s fifty day moving average price is $26.95 and its two-hundred day moving average price is $29.73. Forestar Group Inc. has a 1-year low of $23.38 and a 1-year high of $40.92.

Forestar Group (NYSE:FOR) last announced its quarterly earnings data on Tuesday, January 21st. The oil and gas exploration company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The company had revenue of $250.40 million for the quarter, compared to analyst estimates of $318.00 million. The company’s revenue was down 18.1% on a year-over-year basis. As a group, research analysts forecast that Forestar Group Inc. will post 3.67 EPS for the current year.

Wall Street Analysts Forecast Growth

FOR has been the topic of a number of recent research reports. StockNews.com cut shares of Forestar Group from a “hold” rating to a “sell” rating in a report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Citigroup decreased their price objective on Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd.

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.