Forestar Group Inc. (NYSE:FOR) Stock Position Increased by CWA Asset Management Group LLC

CWA Asset Management Group LLC boosted its position in shares of Forestar Group Inc. (NYSE:FOR) by 24.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,374 shares of the oil and gas exploration company’s stock after buying an additional 3,778 shares during the period. CWA Asset Management Group LLC’s holdings in Forestar Group were worth $502,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC bought a new position in shares of Forestar Group during the 2nd quarter valued at about $6,592,000. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 201,032 shares in the last quarter. American Century Companies Inc. boosted its holdings in Forestar Group by 22.5% during the second quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company’s stock worth $14,760,000 after buying an additional 84,861 shares in the last quarter. Woodson Capital Management LP increased its holdings in shares of Forestar Group by 12.0% in the third quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company’s stock valued at $18,127,000 after buying an additional 60,000 shares in the last quarter. Finally, Moody Aldrich Partners LLC lifted its position in shares of Forestar Group by 27.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 216,354 shares of the oil and gas exploration company’s stock valued at $7,003,000 after acquiring an additional 46,250 shares during the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their target price on Forestar Group from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Monday.

Forestar Group Stock Down 0.9 %

FOR stock opened at $25.74 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $1.30 billion, a P/E ratio of 6.42 and a beta of 1.74. Forestar Group Inc. has a 52-week low of $25.26 and a 52-week high of $40.92. The company’s 50 day simple moving average is $28.58 and its 200-day simple moving average is $30.37.

Forestar Group (NYSE:FOR) last announced its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.29. The company had revenue of $551.40 million for 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 was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 EPS. As a group, equities research analysts anticipate that Forestar Group Inc. will post 3.67 EPS for the current 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.