Forestar Group Inc. (NYSE:FOR) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,721,534 shares of the oil and gas exploration company's stock after purchasing an additional 119,357 shares during the quarter. Dimensional Fund Advisors LP owned 5.37% of Forestar Group worth $70,541,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Carolina Wealth Advisors LLC raised its holdings in Forestar Group by 2.3% in the fourth quarter. Carolina Wealth Advisors LLC now owns 20,589 shares of the oil and gas exploration company's stock worth $534,000 after purchasing an additional 454 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Forestar Group by 3.2% during the 4th quarter. Sterling Capital Management LLC now owns 15,670 shares of the oil and gas exploration company's stock worth $406,000 after acquiring an additional 479 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Forestar Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 160,056 shares of the oil and gas exploration company's stock valued at $4,149,000 after acquiring an additional 1,097 shares in the last quarter. Finally, Summit Global Investments grew its holdings in Forestar Group by 3.7% in the fourth quarter. Summit Global Investments now owns 33,194 shares of the oil and gas exploration company's stock worth $860,000 after purchasing an additional 1,192 shares during the last quarter. 35.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Forestar Group

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

Analyst Ratings Changes

Several research firms have recently issued reports on FOR. Citigroup cut their price objective on shares of Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on 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 cut their price objective on Forestar Group from $36.00 to $29.00 and set a "buy" rating on the stock in a report on Monday, April 21st.

Forestar Group Price Performance

Shares of FOR stock traded down $0.19 during trading hours on Tuesday, reaching $19.66. The company had a trading volume of 18,201 shares, compared to its average volume of 175,028. Forestar Group Inc. has a 12-month low of $18.00 and a 12-month high of $37.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $999.30 million, a price-to-earnings ratio of 5.52 and a beta of 1.46. The stock has a fifty day moving average of $20.70 and a 200-day moving average of $24.85.

Forestar Group (NYSE:FOR - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.07). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The company had revenue of $351.00 million during the quarter, compared to analyst estimates of $379.60 million. On average, equities analysts anticipate that Forestar Group Inc. will post 3.44 earnings per share for the current year.

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.