Forestar Group Inc (NYSE:FOR) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC trimmed its stake in shares of Forestar Group Inc (NYSE:FOR) by 59.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,254 shares of the oil and gas exploration company’s stock after selling 12,335 shares during the period. Carolina Wealth Advisors LLC’s holdings in Forestar Group were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Forestar Group by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,905 shares of the oil and gas exploration company’s stock worth $283,000 after acquiring an additional 456 shares during the period. Sterling Capital Management LLC boosted its position in Forestar Group by 3.2% during the fourth quarter. Sterling Capital Management LLC now owns 15,670 shares of the oil and gas exploration company’s stock worth $406,000 after purchasing an additional 479 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Forestar Group by 10.1% during the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Forestar Group by 9.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,021 shares of the oil and gas exploration company’s stock worth $338,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Forestar Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 160,056 shares of the oil and gas exploration company’s stock worth $4,149,000 after purchasing an additional 1,097 shares in the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, BTIG Research lowered their price target on Forestar Group from $36.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, April 21st.

Insider Activity

In other news, Director Elizabeth Parmer sold 1,460 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $20.57, for a total value of $30,032.20. Following the transaction, the director now owns 3,357 shares in the company, valued at $69,053.49. This trade represents a 30.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Forestar Group Stock Performance

Shares of FOR stock opened at $20.15 on Friday. The company has a market capitalization of $1.02 billion, a P/E ratio of 6.11 and a beta of 1.41. The business’s 50 day moving average is $19.68 and its two-hundred day moving average is $22.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.53. Forestar Group Inc has a 12-month low of $18.00 and a 12-month high of $37.21.

Forestar Group (NYSE:FOR) last released 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 analysts’ expectations of $379.60 million. Forestar Group had a net margin of 11.45% and a return on equity of 10.65%. Analysts expect that Forestar Group Inc will post 3.44 EPS for the current fiscal 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.