Allspring Global Investments Holdings LLC Boosts Stake in Forestar Group Inc. (NYSE:FOR)

Allspring Global Investments Holdings LLC lifted its position in Forestar Group Inc. (NYSE:FOR) by 88.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,436 shares of the oil and gas exploration company’s stock after acquiring an additional 2,077 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Forestar Group were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in Forestar Group by 1,601.6% during the 3rd quarter. Federated Hermes Inc. now owns 1,038 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 977 shares during the last quarter. Swiss National Bank boosted its position in Forestar Group by 2.3% in the third quarter. Swiss National Bank now owns 43,917 shares of the oil and gas exploration company’s stock valued at $1,183,000 after buying an additional 1,000 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Forestar Group in the 4th quarter worth approximately $35,000. SG Americas Securities LLC raised its position in Forestar Group by 25.0% during the 4th quarter. SG Americas Securities LLC now owns 10,356 shares of the oil and gas exploration company’s stock worth $342,000 after buying an additional 2,074 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Forestar Group by 112.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,638 shares of the oil and gas exploration company’s stock valued at $125,000 after acquiring an additional 2,459 shares during the period. Hedge funds and other institutional investors own 35.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Forestar Group from a “buy” rating to a “hold” rating in a report on Friday.

Forestar Group Stock Up 0.1 %

Shares of FOR stock opened at $31.33 on Monday. Forestar Group Inc. has a twelve month low of $17.89 and a twelve month high of $40.92. The stock has a market cap of $1.59 billion, a P/E ratio of 7.79 and a beta of 1.71. The stock has a 50 day moving average of $35.65 and a 200 day moving average of $32.45. The company has a current ratio of 1.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.48.

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.