Shares of Forestar Group Inc. (NYSE:FOR - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $19.00 and last traded at $19.19, with a volume of 394246 shares traded. The stock had previously closed at $20.76.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on FOR. JPMorgan Chase & Co. lowered their price objective on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Citigroup decreased their target price on Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.
Get Our Latest Report on Forestar Group
Forestar Group Price Performance
The company has a 50 day moving average of $21.88 and a 200 day moving average of $26.27. 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 stock has a market capitalization of $985.12 million, a price-to-earnings ratio of 5.45 and a beta of 1.53.
Forestar Group (NYSE:FOR - Get Free Report) last issued its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The firm had revenue of $250.40 million during the quarter, compared to analyst estimates of $318.00 million. The firm's revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Forestar Group Inc. will post 3.44 EPS for the current year.
Insider Buying and Selling at Forestar Group
In other news, CEO Anthony W. Oxley acquired 4,300 shares of the company'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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Forestar Group by 0.9% during the 3rd quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company's stock worth $13,838,000 after purchasing an additional 3,922 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of Forestar Group by 26.0% during the third quarter. Orion Portfolio Solutions LLC now owns 10,091 shares of the oil and gas exploration company's stock worth $327,000 after purchasing an additional 2,082 shares during the last quarter. Barclays PLC lifted its holdings in shares of Forestar Group by 20.3% during the third quarter. Barclays PLC now owns 57,622 shares of the oil and gas exploration company's stock worth $1,865,000 after purchasing an additional 9,733 shares during the period. Arete Wealth Advisors LLC purchased a new position in Forestar Group in the 3rd quarter valued at $227,000. Finally, Sanctuary Advisors LLC acquired a new position in Forestar Group in the 3rd quarter valued at $233,000. Hedge funds and other institutional investors own 35.50% of the company's stock.
About Forestar Group
(
Get Free Report)
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.
Further Reading
Before you consider Forestar Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forestar Group wasn't on the list.
While Forestar Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
