One Wealth Advisors LLC Sells 946 Shares of Forestar Group Inc. (NYSE:FOR)

One Wealth Advisors LLC decreased its stake in shares of Forestar Group Inc. (NYSE:FOR) by 9.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,132 shares of the oil and gas exploration company’s stock after selling 946 shares during the period. One Wealth Advisors LLC’s holdings in Forestar Group were worth $237,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Woodson Capital Management LP boosted its holdings in shares of Forestar Group by 12.0% during the 3rd quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company’s stock worth $18,127,000 after buying an additional 60,000 shares during the period. State Street Corp boosted its holdings in Forestar Group by 0.9% in the 3rd quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company’s stock valued at $13,838,000 after purchasing an additional 3,922 shares during the period. Principal Financial Group Inc. boosted its holdings in Forestar Group by 13.7% in the 3rd quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock valued at $11,668,000 after purchasing an additional 43,369 shares during the period. Empowered Funds LLC boosted its holdings in Forestar Group by 3.8% in the 3rd quarter. Empowered Funds LLC now owns 317,989 shares of the oil and gas exploration company’s stock valued at $10,293,000 after purchasing an additional 11,780 shares during the period. Finally, Hennessy Advisors Inc. boosted its holdings in Forestar Group by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 254,000 shares of the oil and gas exploration company’s stock valued at $6,584,000 after purchasing an additional 16,300 shares during the period. Institutional investors own 35.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on FOR shares. StockNews.com downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Citigroup cut their price target on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, January 23rd.

Forestar Group Stock Performance

Shares of Forestar Group stock opened at $22.76 on Tuesday. The company has a 50 day moving average of $26.50 and a 200-day moving average of $29.43. Forestar Group Inc. has a 1-year low of $22.71 and a 1-year high of $40.92. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.15 billion, a PE ratio of 6.38 and a beta of 1.72.

Forestar Group (NYSE:FOR) last issued its quarterly earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The firm had revenue of $250.40 million for the quarter, compared to the consensus estimate of $318.00 million. The firm’s revenue was down 18.1% on a year-over-year basis. As a group, equities research analysts forecast 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.