Forestar Group Inc. (NYSE:FOR) Director Elizabeth Parmer Sells 680 Shares

Forestar Group Inc. (NYSE:FOR) Director Elizabeth Parmer sold 680 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $29.33, for a total transaction of $19,944.40. Following the transaction, the director now owns 1,320 shares of the company’s stock, valued at approximately $38,715.60. This trade represents a 34.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Forestar Group Price Performance

NYSE FOR opened at $29.06 on Friday. The firm’s fifty day simple moving average is $31.64 and its two-hundred day simple moving average is $31.71. The firm has a market capitalization of $1.47 billion, a P/E ratio of 7.25 and a beta of 1.76. 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 Inc. has a 12-month low of $27.49 and a 12-month high of $40.92.

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

Hedge Funds Weigh In On Forestar Group

Several hedge funds have recently modified their holdings of the stock. Sei Investments Co. grew its position in Forestar Group by 9.3% during the 1st quarter. Sei Investments Co. now owns 67,491 shares of the oil and gas exploration company’s stock worth $2,712,000 after purchasing an additional 5,731 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Forestar Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,805,957 shares of the oil and gas exploration company’s stock worth $112,771,000 after buying an additional 28,379 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Forestar Group by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,997 shares of the oil and gas exploration company’s stock valued at $442,000 after buying an additional 781 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Forestar Group in the 1st quarter valued at $32,000. Finally, Bridgeway Capital Management LLC raised its stake in Forestar Group by 11.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 439,892 shares of the oil and gas exploration company’s stock worth $17,679,000 after acquiring an additional 43,457 shares during the last quarter. 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.