Nuveen Asset Management LLC Sells 37,740 Shares of Forestar Group Inc. (NYSE:FOR)

Nuveen Asset Management LLC lowered its stake in Forestar Group Inc. (NYSE:FOR - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,583 shares of the oil and gas exploration company's stock after selling 37,740 shares during the period. Nuveen Asset Management LLC owned 0.10% of Forestar Group worth $1,285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Forestar Group by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,905 shares of the oil and gas exploration company's stock valued at $283,000 after buying an additional 456 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Forestar Group by 3.2% during the fourth quarter. Sterling Capital Management LLC now owns 15,670 shares of the oil and gas exploration company's stock valued at $406,000 after acquiring an additional 479 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Forestar Group by 10.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock valued at $170,000 after acquiring an additional 602 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Forestar Group by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,021 shares of the oil and gas exploration company's stock worth $338,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Forestar Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 160,056 shares of the oil and gas exploration company's stock worth $4,149,000 after purchasing an additional 1,097 shares in the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

Forestar Group Stock Performance

Shares of Forestar Group stock traded down $0.17 during trading on Friday, hitting $19.55. 125,359 shares of the company's stock traded hands, compared to its average volume of 176,677. Forestar Group Inc. has a 1 year low of $18.00 and a 1 year high of $37.21. The business has a 50-day simple moving average of $19.69 and a 200-day simple moving average of $23.10. The stock has a market capitalization of $993.66 million, a P/E ratio of 5.48 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50.

Forestar Group (NYSE:FOR - Get Free Report) last announced its quarterly 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 12.50% and a return on equity of 11.74%. The company had revenue of $351.00 million for the quarter, compared to analysts' expectations of $379.60 million. As a group, analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on FOR shares. Wall Street Zen upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th. BTIG Research decreased their price objective 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.

Insider Transactions 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 shares were sold at an average price of $20.57, for a total value of $30,032.20. Following the transaction, the director now owns 3,357 shares in the company, valued at $69,053.49. This represents a 30.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.40% of the company's stock.

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.