Federated Hermes Inc. Has $733,000 Stock Position in Forestar Group Inc. (NYSE:FOR)

Federated Hermes Inc. lowered its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 28,292 shares of the oil and gas exploration company’s stock after selling 601 shares during the period. Federated Hermes Inc.’s holdings in Forestar Group were worth $733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd bought a new position in Forestar Group during the fourth quarter valued at about $95,000. Heck Capital Advisors LLC acquired a new position in shares of Forestar Group during the 4th quarter valued at about $112,000. SG Americas Securities LLC raised its stake in shares of Forestar Group by 43.3% in the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock valued at $148,000 after acquiring an additional 1,731 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Forestar Group by 10.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company’s stock worth $170,000 after purchasing an additional 602 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Forestar Group during the third quarter worth approximately $233,000. Institutional investors and hedge funds own 35.50% of the company’s stock.

Forestar Group Trading Down 1.1 %

Shares of FOR opened at $19.03 on Thursday. The stock’s 50-day moving average price is $21.64 and its 200 day moving average price is $26.08. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. Forestar Group Inc. has a 12-month low of $18.63 and a 12-month high of $37.21. The firm has a market capitalization of $964.35 million, a price-to-earnings ratio of 5.33 and a beta of 1.53.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup dropped their price target on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target 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. Finally, StockNews.com raised Forestar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

Insider Activity

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the business’s stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the purchase, the chief executive officer now directly owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

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.