Forestar Group Inc $FOR Shares Acquired by Cwm LLC

Cwm LLC increased its holdings in Forestar Group Inc (NYSE:FOR) by 587.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 15,204 shares of the oil and gas exploration company’s stock after acquiring an additional 12,993 shares during the period. Cwm LLC’s holdings in Forestar Group were worth $304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in Forestar Group by 119.1% in the 1st quarter. Signaturefd LLC now owns 1,514 shares of the oil and gas exploration company’s stock valued at $32,000 after buying an additional 823 shares during the period. Parallel Advisors LLC raised its stake in shares of Forestar Group by 237.1% in the 2nd quarter. Parallel Advisors LLC now owns 3,533 shares of the oil and gas exploration company’s stock valued at $71,000 after acquiring an additional 2,485 shares during the period. Strs Ohio purchased a new stake in shares of Forestar Group in the 1st quarter valued at approximately $74,000. NewEdge Advisors LLC lifted its holdings in shares of Forestar Group by 63.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,829 shares of the oil and gas exploration company’s stock worth $102,000 after acquiring an additional 1,879 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in Forestar Group in the 1st quarter valued at approximately $214,000. Institutional investors and hedge funds own 35.50% of the company’s stock.

Forestar Group Trading Up 0.8%

FOR opened at $26.23 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.73 and a current ratio of 0.73. Forestar Group Inc has a one year low of $18.00 and a one year high of $34.82. The company has a market cap of $1.33 billion, a P/E ratio of 8.22 and a beta of 1.44. The business’s 50-day simple moving average is $26.83 and its 200-day simple moving average is $23.21.

Wall Street Analyst Weigh In

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