Forestar Group Inc. (NYSE:FOR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its stake in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,653 shares of the oil and gas exploration company's stock after selling 12,634 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.61% of Forestar Group worth $7,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FOR. NewEdge Advisors LLC purchased a new stake in Forestar Group during the 4th quarter worth approximately $76,000. R Squared Ltd acquired a new stake in shares of Forestar Group in the fourth quarter worth approximately $95,000. Heck Capital Advisors LLC acquired a new stake in shares of Forestar Group in the fourth quarter worth approximately $112,000. SG Americas Securities LLC increased its position in shares of Forestar Group by 43.3% during the fourth quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company's stock worth $148,000 after purchasing an additional 1,731 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Forestar Group by 10.1% in 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 purchasing an additional 602 shares during the last quarter. Institutional investors and hedge funds own 35.50% of the company's stock.

Insider Transactions at Forestar Group

In related news, Director Elizabeth Parmer sold 1,460 shares of the stock in a transaction dated Monday, May 12th. The stock was 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 of the company's stock, valued at approximately $69,053.49. This represents a 30.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

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

Forestar Group Trading Down 2.3%

Forestar Group stock traded down $0.47 during mid-day trading on Monday, hitting $19.76. The company's stock had a trading volume of 32,154 shares, compared to its average volume of 174,559. Forestar Group Inc. has a 1 year low of $18.00 and a 1 year high of $37.21. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.00 billion, a PE ratio of 5.53 and a beta of 1.46. The stock's fifty day moving average is $20.36 and its two-hundred day moving average is $24.12.

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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $379.60 million. On average, analysts anticipate that Forestar Group Inc. will post 3.44 EPS 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.