Public Employees Retirement System of Ohio Purchases 6,421 Shares of Forestar Group Inc $FOR

Public Employees Retirement System of Ohio lifted its holdings in Forestar Group Inc (NYSE:FOR) by 34.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,806 shares of the oil and gas exploration company’s stock after acquiring an additional 6,421 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Forestar Group were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC boosted its stake in Forestar Group by 119.1% in the first quarter. Signaturefd LLC now owns 1,514 shares of the oil and gas exploration company’s stock worth $32,000 after purchasing an additional 823 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Forestar Group by 3.7% in the first quarter. Invesco Ltd. now owns 39,557 shares of the oil and gas exploration company’s stock valued at $836,000 after buying an additional 1,423 shares during the last quarter. NewEdge Advisors LLC lifted its position in Forestar Group by 63.7% during the 1st quarter. NewEdge Advisors LLC now owns 4,829 shares of the oil and gas exploration company’s stock worth $102,000 after buying an additional 1,879 shares in the last quarter. Parallel Advisors LLC grew its holdings in Forestar Group by 237.1% during the 2nd quarter. Parallel Advisors LLC now owns 3,533 shares of the oil and gas exploration company’s stock worth $71,000 after acquiring an additional 2,485 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Forestar Group in the 1st quarter valued at about $74,000. 35.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FOR shares. Citizens Jmp assumed coverage on shares of Forestar Group in a research report on Tuesday, July 15th. They set an “outperform” rating and a $30.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Forestar Group in a research report on Saturday, September 27th. Citigroup initiated coverage on Forestar Group in a report on Tuesday, July 15th. They set an “outperform” rating on the stock. JMP Securities set a $30.00 target price on Forestar Group and gave the company a “market outperform” rating in a research note on Tuesday, July 15th. Finally, Zacks Research upgraded Forestar Group from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Forestar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Forestar Group Price Performance

Forestar Group stock opened at $26.96 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.37 billion, a P/E ratio of 8.45 and a beta of 1.44. The business has a 50-day moving average of $26.86 and a 200-day moving average of $22.70. Forestar Group Inc has a 1 year low of $18.00 and a 1 year high of $34.82.

Forestar Group (NYSE:FOR) last announced 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). Forestar Group had a net margin of 10.54% and a return on equity of 10.02%. The firm had revenue of $390.50 million during the quarter, compared to analyst estimates of $397.50 million. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. Forestar Group has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Forestar Group Inc will post 3.44 EPS for the current year.

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.