Forestar Group Inc. (NYSE:FOR) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 24.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,374 shares of the oil and gas exploration company’s stock after purchasing an additional 3,778 shares during the period. CWA Asset Management Group LLC’s holdings in Forestar Group were worth $502,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FOR. First Eagle Investment Management LLC acquired a new stake in Forestar Group during the second quarter worth about $6,592,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $78,012,000 after purchasing an additional 201,032 shares during the last quarter. American Century Companies Inc. raised its position in shares of Forestar Group by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company’s stock worth $14,760,000 after purchasing an additional 84,861 shares during the period. Woodson Capital Management LP raised its position in shares of Forestar Group by 12.0% during the 3rd quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company’s stock worth $18,127,000 after purchasing an additional 60,000 shares during the period. Finally, Moody Aldrich Partners LLC lifted its holdings in shares of Forestar Group by 27.2% in the 3rd quarter. Moody Aldrich Partners LLC now owns 216,354 shares of the oil and gas exploration company’s stock worth $7,003,000 after purchasing an additional 46,250 shares during the last quarter. 35.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Forestar Group Stock Performance

FOR opened at $25.74 on Thursday. 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 business’s 50 day moving average is $28.58 and its 200-day moving average is $30.37. The stock has a market cap of $1.30 billion, a PE ratio of 6.42 and a beta of 1.74. Forestar Group Inc. has a twelve month low of $25.26 and a twelve month 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 analysts’ consensus estimates of $1.31 by $0.29. The company had revenue of $551.40 million during the quarter, compared to analyst estimates of $503.76 million. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. On average, analysts predict that Forestar Group Inc. will post 3.67 earnings per share for the current year.

Forestar Group Company 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.