Forestar Group Inc. (NYSE:FOR – Get Free Report) 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 shares were sold at an average price of $32.58, for a total transaction of $65,160.00. Following the completion of the transaction, the director now owns 5,951 shares of the company’s stock, valued at $193,883.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Forestar Group Stock Down 0.6 %
NYSE FOR traded down $0.19 on Monday, hitting $32.37. 230,137 shares of the company were exchanged, compared to its average volume of 203,681. The company has a market cap of $1.64 billion, a PE ratio of 8.07 and a beta of 1.76. Forestar Group Inc. has a 12 month low of $22.71 and a 12 month high of $40.92. The stock has a fifty day moving average of $30.81 and a 200-day moving average of $32.87. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.
Forestar Group (NYSE:FOR – Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The oil and gas exploration company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. The business had revenue of $318.40 million during the quarter, compared to the consensus estimate of $370.50 million. As a group, analysts forecast that Forestar Group Inc. will post 3.72 earnings per share for the current year.
Institutional Trading of Forestar Group
Wall Street Analysts Forecast Growth
FOR has been the subject of several recent research reports. Citigroup decreased their price target on shares of Forestar Group from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, BTIG Research reduced their price objective on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, July 19th.
Get Our Latest Report on Forestar Group
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.
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