Janus Henderson Group PLC Buys 100,629 Shares of Forestar Group Inc. (NYSE:FOR)

Janus Henderson Group PLC lifted its stake in Forestar Group Inc. (NYSE:FOR) by 406.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,408 shares of the oil and gas exploration company’s stock after acquiring an additional 100,629 shares during the period. Janus Henderson Group PLC’s holdings in Forestar Group were worth $3,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FOR. NewEdge Advisors LLC bought a new position in Forestar Group in the 4th quarter worth $76,000. R Squared Ltd acquired a new stake in shares of Forestar Group in the fourth quarter valued at about $95,000. Heck Capital Advisors LLC bought a new position in shares of Forestar Group in the fourth quarter worth about $112,000. SG Americas Securities LLC lifted its position in shares of Forestar Group by 43.3% during the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock worth $148,000 after purchasing an additional 1,731 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Forestar Group by 10.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company’s stock valued at $170,000 after purchasing an additional 602 shares during the period. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Forestar Group news, Director Elizabeth Parmer sold 1,460 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $20.57, for a total value of $30,032.20. Following the transaction, the director now directly owns 3,357 shares of the company’s stock, valued at approximately $69,053.49. This trade represents a 30.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Forestar Group Stock Performance

NYSE:FOR opened at $19.87 on Tuesday. Forestar Group Inc. has a 12-month low of $18.00 and a 12-month high of $37.21. The firm has a market capitalization of $1.01 billion, a PE ratio of 5.57 and a beta of 1.46. The firm has a 50-day moving average price of $20.33 and a 200 day moving average price of $24.04. 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 (NYSE:FOR) last posted its earnings results on Thursday, April 17th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.07). The firm had revenue of $351.00 million during the quarter, compared to the consensus estimate of $379.60 million. Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. Research analysts anticipate that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on FOR shares. BTIG Research cut their target price on shares of Forestar Group from $36.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Citigroup reduced their target price on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

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.