Dimensional Fund Advisors LP Grows Stock Position in Forestar Group Inc. (NYSE:FOR)

Dimensional Fund Advisors LP boosted its stake in Forestar Group Inc. (NYSE:FOR - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,721,534 shares of the oil and gas exploration company's stock after acquiring an additional 119,357 shares during the period. Dimensional Fund Advisors LP owned 5.37% of Forestar Group worth $70,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FOR. First Eagle Investment Management LLC boosted its stake in shares of 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 valued at $12,433,000 after purchasing an additional 100,100 shares in the last quarter. First Trust Advisors LP lifted its holdings in 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 buying an additional 85,669 shares during the period. American Century Companies Inc. boosted 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 valued at $15,143,000 after acquiring an additional 59,427 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Forestar Group by 77.3% during the 4th quarter. JPMorgan Chase & Co. now owns 134,238 shares of the oil and gas exploration company's stock worth $3,479,000 after acquiring an additional 58,525 shares during the period. Finally, Swedbank AB bought a new position in shares of Forestar Group in the 4th quarter worth approximately $1,296,000. 35.50% of the stock is owned by hedge funds and other institutional investors.

Forestar Group Stock Up 3.3 %

Forestar Group stock traded up $0.64 during mid-day trading on Friday, hitting $20.02. The company had a trading volume of 167,120 shares, compared to its average volume of 175,636. Forestar Group Inc. has a 12 month low of $18.00 and a 12 month high of $37.21. The company has a market capitalization of $1.02 billion, a PE ratio of 5.61 and a beta of 1.53. The stock's 50 day moving average price is $20.76 and its two-hundred day moving average price is $25.00. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity 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). The firm had revenue of $351.00 million during the quarter, compared to the consensus estimate of $379.60 million. Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. As a group, sell-side analysts anticipate that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Activity at Forestar Group

In other Forestar Group news, CEO Anthony W. Oxley bought 4,300 shares of the firm's stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $23.14 per share, with a total value of $99,502.00. Following the transaction, the chief executive officer now owns 4,300 shares in the company, valued at $99,502. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FOR shares. Citigroup dropped their price target on Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. 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 research report on Tuesday, January 28th. Finally, BTIG Research lowered 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.

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.