Anthony W. Oxley Acquires 4,300 Shares of Forestar Group Inc. (NYSE:FOR) Stock

Forestar Group Inc. (NYSE:FOR) CEO Anthony W. Oxley purchased 4,300 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the purchase, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Forestar Group Stock Down 2.0 %

Shares of Forestar Group stock opened at $23.16 on Thursday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 6.49 and a beta of 1.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. Forestar Group Inc. has a 52-week low of $22.42 and a 52-week high of $40.92. The stock has a 50-day simple moving average of $25.02 and a 200-day simple moving average of $28.74.

Forestar Group (NYSE:FOR) last announced 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 firm had revenue of $250.40 million for 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 company’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, equities research analysts expect that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Forestar Group

Several institutional investors have recently made changes to their positions in FOR. Creative Planning lifted its holdings in shares of Forestar Group by 35.6% during the 3rd quarter. Creative Planning now owns 13,600 shares of the oil and gas exploration company’s stock valued at $440,000 after buying an additional 3,569 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Forestar Group by 500.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock valued at $39,000 after acquiring an additional 1,000 shares in the last quarter. Suncoast Equity Management bought a new position in shares of Forestar Group in the 3rd quarter valued at approximately $365,000. Moody Aldrich Partners LLC raised its stake in shares of Forestar Group by 27.2% in the 3rd quarter. Moody Aldrich Partners LLC now owns 216,354 shares of the oil and gas exploration company’s stock valued at $7,003,000 after acquiring an additional 46,250 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Forestar Group by 18.3% in the 3rd quarter. US Bancorp DE now owns 24,741 shares of the oil and gas exploration company’s stock valued at $801,000 after acquiring an additional 3,819 shares in the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FOR. StockNews.com lowered Forestar Group from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Citigroup decreased their price objective on Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd.

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.