Forestar Group Inc. (NYSE:FOR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in Forestar Group Inc. (NYSE:FOR) by 35.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,779 shares of the oil and gas exploration company’s stock after selling 13,801 shares during the quarter. Janus Henderson Group PLC’s holdings in Forestar Group were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of Forestar Group by 111.6% during the second quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 559 shares during the last quarter. Family Firm Inc. purchased a new stake in Forestar Group during the 2nd quarter worth approximately $34,000. nVerses Capital LLC raised its position in shares of Forestar Group by 500.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock valued at $39,000 after purchasing an additional 1,000 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Forestar Group during the 2nd quarter valued at approximately $112,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Forestar Group during the second quarter worth approximately $148,000. 35.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 stock was 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 directly owns 5,951 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Forestar Group Stock Down 1.8 %

Shares of NYSE:FOR opened at $27.84 on Friday. Forestar Group Inc. has a 12-month low of $27.35 and a 12-month high of $40.92. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.41 billion, a PE ratio of 6.94 and a beta of 1.72. The company has a fifty day simple moving average of $30.57 and a 200 day simple moving average of $31.14.

Forestar Group (NYSE:FOR) last released 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 net margin of 13.48% and a return on equity of 13.59%. The company had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. During the same quarter in the previous year, the firm earned $1.44 EPS. The company’s revenue was up .3% on a year-over-year basis. On average, equities research analysts anticipate that Forestar Group Inc. will post 3.67 EPS for the current fiscal year.

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.