Charles Schwab Investment Management Inc. Acquires 6,650 Shares of Forestar Group Inc. (NYSE:FOR)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,959 shares of the oil and gas exploration company’s stock after purchasing an additional 6,650 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Forestar Group were worth $5,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Forestar Group by 9.0% during the second 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 purchasing an additional 201,032 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Forestar Group by 46.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 65,990 shares of the oil and gas exploration company’s stock worth $2,111,000 after buying an additional 20,795 shares in the last quarter. Hussman Strategic Advisors Inc. increased its holdings in shares of Forestar Group by 75.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the oil and gas exploration company’s stock worth $2,015,000 after buying an additional 27,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Forestar Group during the second quarter worth $285,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Forestar Group by 73.5% during the third quarter. Los Angeles Capital Management LLC now owns 62,237 shares of the oil and gas exploration company’s stock worth $2,015,000 after buying an additional 26,360 shares in the last quarter. 35.50% of the stock is currently owned by institutional investors.

Insider Transactions at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.58, for a total value of $65,160.00. Following the completion of the sale, the director now directly owns 5,951 shares in the company, valued at $193,883.58. This represents a 25.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Forestar Group Stock Down 0.3 %

Shares of NYSE:FOR opened at $28.36 on Friday. The company has a fifty day moving average of $30.66 and a 200-day moving average of $31.20. The company has a market capitalization of $1.44 billion, a PE ratio of 7.07 and a beta of 1.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 1.61. Forestar Group Inc. has a 52-week low of $27.49 and a 52-week high of $40.92.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 13.48% and a return on equity of 13.59%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. On average, equities analysts predict that Forestar Group Inc. will post 3.67 EPS 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.