Envestnet Asset Management Inc. Sells 1,398 Shares of Forestar Group Inc. (NYSE:FOR)

Envestnet Asset Management Inc. cut its stake in shares of Forestar Group Inc. (NYSE:FOR) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,175 shares of the oil and gas exploration company’s stock after selling 1,398 shares during the period. Envestnet Asset Management Inc. owned 0.06% of Forestar Group worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FOR. Barclays PLC lifted its holdings in Forestar Group by 20.3% during the 3rd quarter. Barclays PLC now owns 57,622 shares of the oil and gas exploration company’s stock valued at $1,865,000 after buying an additional 9,733 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Forestar Group by 2.3% in the third quarter. Franklin Resources Inc. now owns 55,068 shares of the oil and gas exploration company’s stock valued at $1,748,000 after purchasing an additional 1,218 shares during the period. Principal Financial Group Inc. grew its stake in Forestar Group by 13.7% in 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 purchasing an additional 43,369 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in Forestar Group by 24.2% during the 4th quarter. CWA Asset Management Group LLC now owns 19,374 shares of the oil and gas exploration company’s stock worth $502,000 after purchasing an additional 3,778 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Forestar Group by 37.0% during the 4th 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 purchasing an additional 5,847 shares in the last quarter. 35.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were bought at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at $99,502. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Forestar Group Stock Performance

FOR stock opened at $20.02 on Friday. The firm has a 50-day simple moving average of $20.76 and a two-hundred day simple moving average of $25.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. Forestar Group Inc. has a one year low of $18.00 and a one year high of $37.21. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 5.61 and a beta of 1.53.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $379.60 million. On average, equities analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FOR has been the topic of several research reports. StockNews.com upgraded Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target 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. 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. Finally, Citigroup reduced their price objective 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.

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.