Forestar Group Inc. (NYSE:FOR) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 149.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,625 shares of the oil and gas exploration company's stock after acquiring an additional 54,891 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.18% of Forestar Group worth $2,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings 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 worth $70,541,000 after purchasing an additional 119,357 shares during the period. American Century Companies Inc. lifted its position in Forestar Group by 11.3% during the fourth quarter. American Century Companies Inc. now owns 584,222 shares of the oil and gas exploration company's stock valued at $15,143,000 after buying an additional 59,427 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Forestar Group by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 481,253 shares of the oil and gas exploration company's stock worth $12,474,000 after buying an additional 12,473 shares during the period. First Eagle Investment Management LLC grew its stake in Forestar Group by 26.4% during the fourth quarter. First Eagle Investment Management LLC now owns 479,669 shares of the oil and gas exploration company's stock worth $12,433,000 after buying an additional 100,100 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Forestar Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 473,883 shares of the oil and gas exploration company's stock worth $12,286,000 after acquiring an additional 2,038 shares in the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FOR shares. JPMorgan Chase & Co. reduced their target price on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Wall Street Zen upgraded Forestar Group from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, BTIG Research dropped their target price on Forestar Group from $36.00 to $29.00 and set a "buy" rating on the stock in a report on Monday, April 21st.

Forestar Group Stock Up 0.5%

FOR traded up $0.10 during trading hours on Monday, reaching $18.88. 127,197 shares of the stock traded hands, compared to its average volume of 175,246. Forestar Group Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $37.21. The company has a market cap of $959.30 million, a price-to-earnings ratio of 5.29 and a beta of 1.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The firm's fifty day simple moving average is $20.06 and its two-hundred day simple moving average is $23.59.

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 for the quarter, missing the consensus estimate of $0.71 by ($0.07). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The business had revenue of $351.00 million for the quarter, compared to analyst estimates of $379.60 million. As a group, analysts forecast that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Forestar Group

In other news, Director Elizabeth Parmer sold 1,460 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $20.57, for a total transaction of $30,032.20. Following the completion of the transaction, the director now directly owns 3,357 shares in the company, valued at approximately $69,053.49. This represents a 30.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

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.