Janus Henderson Group PLC Purchases 100,629 Shares of Forestar Group Inc. (NYSE:FOR)

Janus Henderson Group PLC raised its holdings in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 406.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 125,408 shares of the oil and gas exploration company's stock after acquiring an additional 100,629 shares during the period. Janus Henderson Group PLC owned approximately 0.25% of Forestar Group worth $3,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of Forestar Group during the 4th quarter valued at $76,000. R Squared Ltd acquired a new position in shares of Forestar Group in the 4th quarter valued at $95,000. Heck Capital Advisors LLC acquired a new position in shares of Forestar Group in the 4th quarter valued at $112,000. SG Americas Securities LLC grew its holdings in shares of Forestar Group by 43.3% in 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 buying an additional 1,731 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Forestar Group by 10.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock valued at $170,000 after buying an additional 602 shares during the period. Institutional investors own 35.50% of the company's stock.

Insider Transactions at Forestar Group

In other news, Director Elizabeth Parmer sold 1,460 shares of the stock in a transaction dated Monday, May 12th. The shares were 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 $69,053.49. This represents a 30.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.40% of the company's stock.

Forestar Group Stock Up 0.5%

NYSE FOR traded up $0.10 on Friday, reaching $18.88. The company had a trading volume of 127,197 shares, compared to its average volume of 175,246. The firm has a market capitalization 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 quick ratio of 0.50 and a current ratio of 0.50. Forestar Group Inc. has a 1-year low of $18.00 and a 1-year high of $37.21. The company's fifty day moving average is $20.13 and its 200-day moving average is $23.67.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on FOR. Wall Street Zen raised shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Finally, BTIG Research decreased their price target on shares of Forestar Group from $36.00 to $29.00 and set a "buy" rating for the company in a report on Monday, April 21st.

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.