Moody Aldrich Partners LLC Sells 104,311 Shares of Forestar Group Inc (NYSE:FOR)

Moody Aldrich Partners LLC decreased its position in shares of Forestar Group Inc (NYSE:FOR - Free Report) by 50.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,667 shares of the oil and gas exploration company's stock after selling 104,311 shares during the quarter. Moody Aldrich Partners LLC owned approximately 0.20% of Forestar Group worth $2,192,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FOR. Dimensional Fund Advisors LP lifted its holdings in shares of Forestar Group by 4.6% during the fourth 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. Janus Henderson Group PLC lifted its holdings in Forestar Group by 406.1% during the 4th quarter. Janus Henderson Group PLC now owns 125,408 shares of the oil and gas exploration company's stock worth $3,247,000 after buying an additional 100,629 shares during the period. First Eagle Investment Management LLC lifted its holdings in Forestar Group by 26.4% during the 4th 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. Crestline Management LP acquired a new position in shares of Forestar Group in the fourth quarter worth approximately $2,333,000. Finally, First Trust Advisors LP lifted its stake in shares of Forestar Group by 197.8% in the fourth quarter. First Trust Advisors LP now owns 128,989 shares of the oil and gas exploration company's stock worth $3,343,000 after acquiring an additional 85,669 shares during the period. Institutional investors and hedge funds own 35.50% of the company's stock.

Forestar Group Trading Down 0.4%

FOR traded down $0.08 during trading on Friday, hitting $21.73. The company's stock had a trading volume of 85,024 shares, compared to its average volume of 175,418. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.53. Forestar Group Inc has a twelve month low of $18.00 and a twelve month high of $37.21. The stock's fifty day moving average price is $19.87 and its 200-day moving average price is $21.81. The firm has a market capitalization of $1.10 billion, a P/E ratio of 6.58 and a beta of 1.40.

Forestar Group (NYSE:FOR - Get Free Report) last released its earnings results on Thursday, April 17th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.07). Forestar Group had a net margin of 11.45% and a return on equity of 10.65%. The company had revenue of $351.00 million for the quarter, compared to analyst estimates of $379.60 million. Analysts anticipate that Forestar Group Inc will post 3.44 EPS for the current year.

Insiders Place Their Bets

In related news, Director Elizabeth Parmer sold 1,460 shares of the company's 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 transaction, the director directly owned 3,357 shares of the company's stock, valued at approximately $69,053.49. This represents a 30.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BTIG Research dropped their price target on shares of Forestar Group from $36.00 to $29.00 and set a "buy" rating on the stock in a research report on Monday, April 21st.

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.