Forestar Group Inc. (NYSE:FOR) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in Forestar Group Inc. (NYSE:FOR) by 73.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 62,237 shares of the oil and gas exploration company’s stock after acquiring an additional 26,360 shares during the period. Los Angeles Capital Management LLC’s holdings in Forestar Group were worth $2,015,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Forestar Group by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock valued at $78,012,000 after purchasing an additional 201,032 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Forestar Group by 46.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 65,990 shares of the oil and gas exploration company’s stock valued at $2,111,000 after buying an additional 20,795 shares during the period. Hussman Strategic Advisors Inc. boosted its position in Forestar Group by 75.0% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the oil and gas exploration company’s stock valued at $2,015,000 after buying an additional 27,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of Forestar Group in the second quarter worth $285,000. Finally, Marshall Wace LLP purchased a new stake in shares of Forestar Group during the second quarter worth $835,000. 35.50% of the stock is owned by institutional investors and hedge funds.

Forestar Group Price Performance

Shares of FOR opened at $29.54 on Thursday. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 7.37 and a beta of 1.76. The firm’s fifty day simple moving average is $31.76 and its 200-day simple moving average is $31.82. Forestar Group Inc. has a twelve month low of $27.49 and a twelve month high of $40.92. The company has a current ratio of 1.61, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44.

Forestar Group (NYSE:FOR) last posted its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.31 by $0.29. The firm had revenue of $551.40 million for the quarter, compared to analyst estimates of $503.76 million. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. Forestar Group’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. Equities analysts forecast that Forestar Group Inc. will post 3.67 EPS for the current fiscal year.

Insider Transactions at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.58, for a total value of $65,160.00. Following the completion of the transaction, the director now directly owns 5,951 shares of the company’s stock, valued at $193,883.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FOR. BTIG Research decreased their target price on Forestar Group from $41.00 to $37.00 and set a “buy” rating for the company in a report on Friday, July 19th. JPMorgan Chase & Co. decreased their price objective on Forestar Group from $37.50 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th.

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.