Forestar Group Inc $FOR Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its stake in shares of Forestar Group Inc (NYSE:FOR) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,600 shares of the oil and gas exploration company’s stock after selling 1,057 shares during the quarter. Deutsche Bank AG owned 0.21% of Forestar Group worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOR. Wells Fargo & Company MN grew its position in Forestar Group by 19.2% during the fourth quarter. Wells Fargo & Company MN now owns 32,026 shares of the oil and gas exploration company’s stock worth $830,000 after buying an additional 5,152 shares during the period. Barclays PLC grew its position in Forestar Group by 26.4% during the fourth quarter. Barclays PLC now owns 72,835 shares of the oil and gas exploration company’s stock worth $1,888,000 after buying an additional 15,213 shares during the period. Mariner LLC purchased a new stake in shares of Forestar Group in the fourth quarter valued at about $415,000. NewEdge Advisors LLC purchased a new stake in shares of Forestar Group in the fourth quarter valued at about $76,000. Finally, First Trust Advisors LP lifted its holdings in shares of Forestar Group by 197.8% in the fourth quarter. First Trust Advisors LP now owns 128,989 shares of the oil and gas exploration company’s stock valued at $3,343,000 after purchasing an additional 85,669 shares in the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Forestar Group Stock Performance

Shares of FOR opened at $27.0450 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.48 and a beta of 1.39. Forestar Group Inc has a 1 year low of $18.00 and a 1 year high of $34.82. The company’s 50 day simple moving average is $23.15 and its 200 day simple moving average is $21.65.

Forestar Group (NYSE:FOR) last posted its quarterly earnings results on Tuesday, July 22nd. The oil and gas exploration company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.13). The company had revenue of $390.50 million for the quarter, compared to analysts’ expectations of $397.50 million. Forestar Group had a return on equity of 10.02% and a net margin of 10.54%.The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. Forestar Group has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Forestar Group Inc will post 3.44 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on FOR shares. JMP Securities set a $30.00 price target on shares of Forestar Group and gave the company a “market outperform” rating in a report on Tuesday, July 15th. Citizens Jmp initiated coverage on shares of Forestar Group in a report on Tuesday, July 15th. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Forestar Group in a research note on Tuesday, July 15th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $30.20.

About Forestar Group

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.