Forestar Group Inc. (NYSE:FOR) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,293 shares of the oil and gas exploration company's stock after purchasing an additional 44,885 shares during the period. AQR Capital Management LLC owned approximately 0.34% of Forestar Group worth $4,466,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new stake in shares of Forestar Group during the fourth quarter valued at approximately $76,000. R Squared Ltd acquired a new position in Forestar Group in the 4th quarter worth approximately $95,000. Heck Capital Advisors LLC acquired a new stake in shares of Forestar Group during the 4th quarter valued at $112,000. SG Americas Securities LLC boosted its stake in shares of Forestar Group by 43.3% during the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company's stock valued at $148,000 after buying an additional 1,731 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Forestar Group by 10.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock valued at $170,000 after buying an additional 602 shares during the period. 35.50% of the stock is currently owned by institutional investors.

Forestar Group Stock Up 0.4%

Shares of NYSE FOR traded up $0.08 during trading on Thursday, hitting $20.00. The stock had a trading volume of 24,892 shares, compared to its average volume of 174,803. 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 current ratio of 0.50 and a quick ratio of 0.50. The company has a market capitalization of $1.02 billion, a PE ratio of 5.61 and a beta of 1.46. The firm has a fifty day moving average of $20.43 and a two-hundred day moving average of $24.38.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BTIG Research reduced their price objective on shares of Forestar Group from $36.00 to $29.00 and set a "buy" rating for the company in a research note on Monday, April 21st. StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Citigroup lowered their target price on shares of Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th.

Insider Buying and Selling at Forestar Group

In other news, Director Elizabeth Parmer sold 1,460 shares of Forestar Group stock in a transaction on Monday, May 12th. The shares were sold at an average price of $20.57, for a total transaction of $30,032.20. Following the transaction, the director now owns 3,357 shares in the company, valued at $69,053.49. This trade represents a 30.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony W. Oxley acquired 4,300 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the transaction, the chief executive officer now directly owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.40% of the company's stock.

Forestar Group 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.