American Century Companies Inc. Acquires 47,923 Shares of Forestar Group Inc $FOR

American Century Companies Inc. increased its position in Forestar Group Inc (NYSE:FOR) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 632,145 shares of the oil and gas exploration company’s stock after purchasing an additional 47,923 shares during the period. American Century Companies Inc. owned 1.24% of Forestar Group worth $13,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Forestar Group by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,721,534 shares of the oil and gas exploration company’s stock worth $70,541,000 after acquiring an additional 119,357 shares during the last quarter. Heartland Advisors Inc. grew its stake in shares of Forestar Group by 25.3% in the first quarter. Heartland Advisors Inc. now owns 491,900 shares of the oil and gas exploration company’s stock worth $10,399,000 after acquiring an additional 99,300 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Forestar Group by 2.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 481,253 shares of the oil and gas exploration company’s stock worth $12,474,000 after acquiring an additional 12,473 shares during the last quarter. Denali Advisors LLC grew its stake in shares of Forestar Group by 24.4% in the first quarter. Denali Advisors LLC now owns 295,104 shares of the oil and gas exploration company’s stock worth $6,238,000 after acquiring an additional 57,943 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Forestar Group by 6.1% in the fourth quarter. Northern Trust Corp now owns 217,260 shares of the oil and gas exploration company’s stock worth $5,631,000 after acquiring an additional 12,502 shares during the last quarter. 35.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on FOR shares. Citigroup started coverage on Forestar Group in a research report on Tuesday, July 15th. They set an “outperform” rating on the stock. Citizens Jmp started coverage on Forestar Group in a research report on Tuesday, July 15th. They set an “outperform” rating and a $30.00 price objective on the stock. Finally, JMP Securities set a $30.00 price objective on Forestar Group and gave the company a “market outperform” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $30.20.

Forestar Group Stock Down 1.9%

Shares of FOR opened at $28.0210 on Tuesday. The business’s 50 day moving average is $23.62 and its 200 day moving average is $21.73. The company has a market capitalization of $1.42 billion, a PE ratio of 8.78 and a beta of 1.39. Forestar Group Inc has a 12-month low of $18.00 and a 12-month high of $34.82. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52.

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

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.