Teacher Retirement System of Texas Raises Position in Forestar Group Inc. (NYSE:FOR)

Teacher Retirement System of Texas raised its position in Forestar Group Inc. (NYSE:FOR) by 69.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 50,262 shares of the oil and gas exploration company’s stock after acquiring an additional 20,542 shares during the quarter. Teacher Retirement System of Texas’ holdings in Forestar Group were worth $1,303,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Forestar Group by 13.7% in the third quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock worth $11,668,000 after acquiring an additional 43,369 shares during the last quarter. Empowered Funds LLC boosted its stake in Forestar Group by 3.9% during the 4th quarter. Empowered Funds LLC now owns 330,462 shares of the oil and gas exploration company’s stock worth $8,566,000 after purchasing an additional 12,473 shares during the last quarter. Barclays PLC grew its holdings in shares of Forestar Group by 20.3% during the third quarter. Barclays PLC now owns 57,622 shares of the oil and gas exploration company’s stock worth $1,865,000 after buying an additional 9,733 shares in the last quarter. Swedbank AB acquired a new stake in shares of Forestar Group in the fourth quarter valued at about $1,296,000. Finally, State Street Corp raised its position in shares of Forestar Group by 0.9% in the third quarter. State Street Corp now owns 427,487 shares of the oil and gas exploration company’s stock valued at $13,838,000 after buying an additional 3,922 shares during the last quarter. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the stock in a transaction dated Friday, February 14th. The stock was acquired at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the acquisition, the chief executive officer now owns 4,300 shares in the company, valued at $99,502. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Forestar Group Price Performance

Shares of FOR stock opened at $21.10 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market capitalization of $1.07 billion, a PE ratio of 5.91 and a beta of 1.75. The firm’s 50-day moving average is $22.77 and its two-hundred day moving average is $27.30. Forestar Group Inc. has a 12 month low of $20.70 and a 12 month high of $40.86.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The firm had revenue of $250.40 million for the quarter, compared to analyst estimates of $318.00 million. The business’s quarterly revenue was down 18.1% on a year-over-year basis. Analysts predict that Forestar Group Inc. will post 3.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FOR shares. StockNews.com raised shares of Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup dropped their price target on Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th.

Forestar Group 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.