UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.28 Million Stake in Forestar Group Inc. (NYSE:FOR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Forestar Group Inc. (NYSE:FOR) by 25.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,455 shares of the oil and gas exploration company’s stock after acquiring an additional 10,049 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Forestar Group worth $1,282,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Two Sigma Advisers LP grew its holdings in shares of Forestar Group by 16.1% during the fourth quarter. Two Sigma Advisers LP now owns 104,781 shares of the oil and gas exploration company’s stock worth $2,716,000 after buying an additional 14,500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Forestar Group by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,905 shares of the oil and gas exploration company’s stock worth $283,000 after buying an additional 456 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Forestar Group during the 4th quarter worth $38,000. Janus Henderson Group PLC grew its position in shares of Forestar Group by 406.1% in the 4th quarter. Janus Henderson Group PLC now owns 125,408 shares of the oil and gas exploration company’s stock valued at $3,247,000 after buying an additional 100,629 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Forestar Group by 149.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 91,625 shares of the oil and gas exploration company’s stock valued at $2,375,000 after purchasing an additional 54,891 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

Forestar Group Stock Up 2.3%

Shares of NYSE FOR opened at $19.98 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $1.02 billion, a P/E ratio of 5.60 and a beta of 1.41. Forestar Group Inc. has a 1 year low of $18.00 and a 1 year high of $37.21. The firm has a 50-day simple moving average of $19.63 and a two-hundred day simple moving average of $22.89.

Forestar Group (NYSE:FOR) last released its quarterly earnings results 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). The firm had revenue of $351.00 million during the quarter, compared to analysts’ expectations of $379.60 million. Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. Research analysts anticipate that Forestar Group Inc. will post 3.44 earnings per share for the current year.

Insiders Place Their Bets

In other Forestar Group news, Director Elizabeth Parmer sold 1,460 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $20.57, for a total value of $30,032.20. Following the completion of the sale, the director now owns 3,357 shares in the company, 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 the SEC website. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FOR. Wall Street Zen raised Forestar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. BTIG Research decreased their price objective on Forestar Group from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 21st.

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.