Forestar Group (NYSE:FOR) Reaches New 12-Month Low – What’s Next?

Forestar Group Inc. (NYSE:FOR)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $25.27 and last traded at $25.58, with a volume of 9815 shares changing hands. The stock had previously closed at $25.70.

Forestar Group Price Performance

The company has a 50 day moving average of $29.40 and a 200 day moving average of $30.67. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.35 and a beta of 1.72. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44.

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

Institutional Trading of Forestar Group

Hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in shares of Forestar Group during the 3rd quarter worth approximately $32,000. nVerses Capital LLC increased its position in Forestar Group by 500.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock worth $39,000 after buying an additional 1,000 shares during the period. Meeder Asset Management Inc. bought a new stake in Forestar Group in the second quarter valued at $148,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Forestar Group by 474.8% during the second quarter. EverSource Wealth Advisors LLC now owns 5,311 shares of the oil and gas exploration company’s stock valued at $168,000 after acquiring an additional 4,387 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Forestar Group during the third quarter worth about $172,000. Institutional investors and hedge funds own 35.50% of the company’s stock.

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.