Barclays PLC Increases Position in Forestar Group Inc. (NYSE:FOR)

Barclays PLC increased its stake in shares of Forestar Group Inc. (NYSE:FOR) by 20.3% in the third quarter, HoldingsChannel reports. The firm owned 57,622 shares of the oil and gas exploration company’s stock after buying an additional 9,733 shares during the period. Barclays PLC’s holdings in Forestar Group were worth $1,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in Forestar Group in the third quarter worth $32,000. nVerses Capital LLC grew its stake in Forestar Group by 500.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock worth $39,000 after buying an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Forestar Group during the 2nd quarter valued at about $148,000. EverSource Wealth Advisors LLC raised its stake in Forestar Group by 474.8% in the second quarter. EverSource Wealth Advisors LLC now owns 5,311 shares of the oil and gas exploration company’s stock valued at $168,000 after buying an additional 4,387 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Forestar Group in the third quarter worth about $172,000. Hedge funds and other institutional investors own 35.50% of the company’s stock.

Forestar Group Price Performance

Shares of FOR stock opened at $26.19 on Friday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 6.53 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. The stock’s 50-day simple moving average is $29.68 and its 200-day simple moving average is $30.77. Forestar Group Inc. has a fifty-two week low of $25.33 and a fifty-two week high of $40.92.

Forestar Group (NYSE:FOR) last posted 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 analysts’ consensus estimates of $1.31 by $0.29. The business had revenue of $551.40 million during the quarter, compared to analysts’ expectations of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $1.44 earnings per share. As a group, equities analysts forecast that Forestar Group Inc. will post 3.67 earnings per share 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.