Algert Global LLC Increases Stake in Forestar Group Inc. (NYSE:FOR)

Algert Global LLC boosted its stake in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,735 shares of the oil and gas exploration company's stock after buying an additional 15,522 shares during the quarter. Algert Global LLC owned approximately 0.19% of Forestar Group worth $2,533,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Forestar Group by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,721,534 shares of the oil and gas exploration company's stock valued at $70,541,000 after acquiring an additional 119,357 shares during the period. First Eagle Investment Management LLC lifted its stake in Forestar Group by 26.4% in the fourth quarter. First Eagle Investment Management LLC now owns 479,669 shares of the oil and gas exploration company's stock valued at $12,433,000 after purchasing an additional 100,100 shares during the last quarter. First Trust Advisors LP grew its holdings in Forestar Group by 197.8% during the fourth quarter. First Trust Advisors LP now owns 128,989 shares of the oil and gas exploration company's stock valued at $3,343,000 after purchasing an additional 85,669 shares during the period. American Century Companies Inc. increased its position in Forestar Group by 11.3% in the fourth quarter. American Century Companies Inc. now owns 584,222 shares of the oil and gas exploration company's stock worth $15,143,000 after buying an additional 59,427 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Forestar Group by 77.3% in the fourth quarter. JPMorgan Chase & Co. now owns 134,238 shares of the oil and gas exploration company's stock worth $3,479,000 after buying an additional 58,525 shares during the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on FOR shares. BTIG Research cut their price target on Forestar Group from $36.00 to $29.00 and set a "buy" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their target price on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. StockNews.com upgraded Forestar Group from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Citigroup reduced their target price on Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, January 23rd.

Forestar Group Price Performance

Shares of NYSE FOR traded down $0.01 during midday trading on Tuesday, hitting $20.57. 35,307 shares of the company's stock were exchanged, compared to its average volume of 174,485. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The business's fifty day moving average price is $20.51 and its two-hundred day moving average price is $24.44. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 5.76 and a beta of 1.46. Forestar Group Inc. has a 12-month low of $18.00 and a 12-month high of $37.21.

Forestar Group (NYSE:FOR - Get Free Report) last announced its earnings results on Thursday, April 17th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.07). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The company had revenue of $351.00 million during the quarter, compared to analysts' expectations of $379.60 million. As a group, research analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Insider Activity

In other news, CEO Anthony W. Oxley bought 4,300 shares of the business's stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $23.14 per share, with a total value of $99,502.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.40% of the company's stock.

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.