Allspring Global Investments Holdings LLC Has $1.31 Million Position in Forestar Group Inc. (NYSE:FOR)

Allspring Global Investments Holdings LLC lessened its holdings in Forestar Group Inc. (NYSE:FOR) by 38.9% in the 3rd quarter, Holdings Channel reports. The firm owned 40,348 shares of the oil and gas exploration company’s stock after selling 25,642 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Forestar Group were worth $1,306,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FOR. Vanguard Group Inc. boosted its position in shares of Forestar Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,805,957 shares of the oil and gas exploration company’s stock valued at $112,771,000 after acquiring an additional 28,379 shares during the period. Dimensional Fund Advisors LP grew its position in Forestar Group by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock worth $78,012,000 after acquiring an additional 201,032 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Forestar Group by 22.5% in the second quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company’s stock valued at $14,760,000 after buying an additional 84,861 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Forestar Group by 11.0% during the first quarter. Bridgeway Capital Management LLC now owns 439,892 shares of the oil and gas exploration company’s stock valued at $17,679,000 after purchasing an additional 43,457 shares during the last quarter. Finally, Woodson Capital Management LP acquired a new stake in shares of Forestar Group in the 1st quarter valued at $13,367,000. Institutional investors and hedge funds own 35.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FOR shares. 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. BTIG Research lowered 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.

Forestar Group Trading Down 1.5 %

NYSE FOR opened at $31.63 on Friday. The company has a market cap of $1.60 billion, a PE ratio of 7.89 and a beta of 1.76. Forestar Group Inc. has a 12 month low of $23.50 and a 12 month high of $40.92. The stock has a 50 day moving average of $31.65 and a 200-day moving average of $31.92. 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) last announced 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. The company had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. On average, equities research analysts anticipate that Forestar Group Inc. will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling at Forestar Group

In other news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% 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.