New York State Common Retirement Fund Has $1.89 Million Position in Forestar Group Inc (NYSE:FOR)

New York State Common Retirement Fund boosted its holdings in Forestar Group Inc (NYSE:FOR - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,581 shares of the oil and gas exploration company's stock after purchasing an additional 14,300 shares during the quarter. New York State Common Retirement Fund owned about 0.18% of Forestar Group worth $1,894,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Forestar Group by 4.6% in 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 buying an additional 119,357 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of 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 acquiring an additional 100,629 shares during the period. Crestline Management LP purchased a new position in shares of Forestar Group during the 4th quarter worth about $2,333,000. First Trust Advisors LP lifted its holdings in shares of Forestar Group by 197.8% during the 4th 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. Finally, American Century Companies Inc. increased its position in Forestar Group by 11.3% during the 4th quarter. American Century Companies Inc. now owns 584,222 shares of the oil and gas exploration company's stock worth $15,143,000 after purchasing an additional 59,427 shares in the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

Insider Transactions at Forestar Group

In other Forestar Group news, Director Elizabeth Parmer sold 1,460 shares of the firm's stock in a transaction 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 sale, the director owned 3,357 shares of the company's stock, valued at $69,053.49. This trade represents a 30.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FOR has been the subject of a number of recent analyst reports. 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 research report on Monday, April 21st. JMP Securities set a $30.00 target price on Forestar Group and gave the stock a "market outperform" rating in a report on Tuesday, July 15th. Citizens Jmp assumed coverage on Forestar Group in a research report on Tuesday, July 15th. They set an "outperform" rating and a $30.00 price objective for the company. Finally, Citigroup started coverage on Forestar Group in a research report on Tuesday, July 15th. They issued an "outperform" rating on the stock. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.20.

Forestar Group Trading Up 0.6%

Shares of FOR traded up $0.14 during trading hours on Friday, hitting $25.14. 157,021 shares of the stock traded hands, compared to its average volume of 195,893. Forestar Group Inc has a 1-year low of $18.00 and a 1-year high of $34.82. The business has a fifty day moving average of $20.76 and a 200-day moving average of $21.50. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.28 billion, a PE ratio of 7.88 and a beta of 1.40.

Forestar Group (NYSE:FOR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The oil and gas exploration company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.13). Forestar Group had a net margin of 10.54% and a return on equity of 10.02%. The company had revenue of $390.50 million during the quarter, compared to the consensus estimate of $397.50 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The firm's revenue for the quarter was up 22.6% compared to the same quarter last year. Analysts expect that Forestar Group Inc will post 3.44 EPS for the current year.

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.