Orion Portfolio Solutions LLC Acquires 2,082 Shares of Forestar Group Inc. (NYSE:FOR)

Orion Portfolio Solutions LLC increased its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 26.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,091 shares of the oil and gas exploration company’s stock after buying an additional 2,082 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Forestar Group were worth $327,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FOR. Point72 DIFC Ltd bought a new position in shares of Forestar Group in the third quarter worth about $32,000. Family Firm Inc. acquired a new stake in Forestar Group in the second quarter valued at approximately $34,000. CWM LLC boosted its position in Forestar Group by 111.6% in the second quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 559 shares in the last quarter. nVerses Capital LLC grew its stake in shares of Forestar Group by 500.0% during the third 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. Finally, Innealta Capital LLC acquired a new position in shares of Forestar Group during the second quarter worth $112,000. 35.50% of the stock is owned by institutional investors and hedge funds.

Forestar Group Trading Down 3.3 %

NYSE FOR opened at $26.11 on Thursday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 6.51 and a beta of 1.72. Forestar Group Inc. has a twelve month low of $26.00 and a twelve month high of $40.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average is $30.40 and its 200 day moving average is $31.04.

Forestar Group (NYSE:FOR) last released its quarterly 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. The company had revenue of $551.40 million for the quarter, compared to analysts’ expectations of $503.76 million. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 earnings per share. As a group, sell-side analysts expect that Forestar Group Inc. will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.58, for a total value of $65,160.00. Following the sale, the director now owns 5,951 shares in the company, valued at approximately $193,883.58. The trade was a 25.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

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.