Forestar Group Inc. (NYSE:FOR) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its holdings in Forestar Group Inc. (NYSE:FOR) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,134 shares of the oil and gas exploration company’s stock after selling 9,594 shares during the period. Invesco Ltd. owned 0.08% of Forestar Group worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake 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 valued at $1,865,000 after acquiring an additional 9,733 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Forestar Group by 2.3% during the 3rd quarter. Franklin Resources Inc. now owns 55,068 shares of the oil and gas exploration company’s stock worth $1,748,000 after purchasing an additional 1,218 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Forestar Group by 13.7% during the third quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock worth $11,668,000 after buying an additional 43,369 shares in the last quarter. CWA Asset Management Group LLC raised its position in shares of Forestar Group by 24.2% in the fourth quarter. CWA Asset Management Group LLC now owns 19,374 shares of the oil and gas exploration company’s stock valued at $502,000 after buying an additional 3,778 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Forestar Group by 37.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 21,650 shares of the oil and gas exploration company’s stock valued at $561,000 after buying an additional 5,847 shares during the period. 35.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FOR has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced 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. BTIG Research cut their price objective on shares of Forestar Group from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 21st. StockNews.com upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Citigroup cut 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 note on Thursday, January 23rd.

Forestar Group Trading Up 0.8 %

Shares of Forestar Group stock opened at $19.41 on Friday. The business has a fifty day simple moving average of $20.84 and a 200-day simple moving average of $25.14. The firm has a market cap of $986.29 million, a price-to-earnings ratio of 5.44 and a beta of 1.53. Forestar Group Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $37.21. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50.

Forestar Group (NYSE:FOR) last announced its earnings results 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). The firm had revenue of $351.00 million during the quarter, compared to analyst estimates of $379.60 million. Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. On average, equities analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Anthony W. Oxley acquired 4,300 shares of the stock in a transaction dated Friday, February 14th. The shares were bought at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the purchase, the chief executive officer now owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by insiders.

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.