Forestar Group (NYSE:FOR) Reaches New 1-Year Low – Should You Sell?

Shares of Forestar Group Inc. (NYSE:FOR) reached a new 52-week low during trading on Thursday . The stock traded as low as $20.56 and last traded at $20.67, with a volume of 330 shares trading hands. The stock had previously closed at $21.41.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FOR. JPMorgan Chase & Co. cut their price objective on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Citigroup cut their price target on Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com raised Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

Forestar Group Stock Performance

The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average price is $22.55 and its two-hundred day moving average price is $27.08. The stock has a market capitalization of $1.04 billion, a PE ratio of 5.76 and a beta of 1.75.

Forestar Group (NYSE:FOR) last released its quarterly earnings data on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The firm had revenue of $250.40 million during the quarter, compared to analysts’ expectations of $318.00 million. The firm’s revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, equities research analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current year.

Insider Buying and Selling

In related news, CEO Anthony W. Oxley purchased 4,300 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average price of $23.14 per share, with a total value of $99,502.00. Following the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at $99,502. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Forestar Group

Several institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in shares of Forestar Group during the 3rd quarter worth about $32,000. Lazard Asset Management LLC purchased a new stake in Forestar Group during the 4th quarter worth approximately $38,000. NewEdge Advisors LLC acquired a new position in shares of Forestar Group during the fourth quarter valued at approximately $76,000. R Squared Ltd purchased a new position in shares of Forestar Group in the fourth quarter valued at approximately $95,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Forestar Group in the fourth quarter valued at approximately $112,000. Institutional investors and hedge funds own 35.50% 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.