Woodson Capital Management LP Sells 60,000 Shares of Forestar Group Inc. (NYSE:FOR)

Woodson Capital Management LP decreased its stake in shares of Forestar Group Inc. (NYSE:FOR) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,000 shares of the oil and gas exploration company’s stock after selling 60,000 shares during the period. Forestar Group makes up about 2.1% of Woodson Capital Management LP’s investment portfolio, making the stock its 16th largest holding. Woodson Capital Management LP owned about 0.99% of Forestar Group worth $12,960,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Forestar Group by 13.7% during 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 in the last quarter. Empowered Funds LLC increased its position in shares of Forestar Group by 3.9% during the fourth quarter. Empowered Funds LLC now owns 330,462 shares of the oil and gas exploration company’s stock worth $8,566,000 after acquiring an additional 12,473 shares in the last quarter. Barclays PLC increased its position 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 acquiring an additional 9,733 shares in the last quarter. Swedbank AB bought a new stake in shares of Forestar Group during the fourth quarter worth $1,296,000. Finally, Bank of New York Mellon Corp increased its position in shares of Forestar Group by 15.6% during the fourth quarter. Bank of New York Mellon Corp now owns 114,372 shares of the oil and gas exploration company’s stock worth $2,965,000 after acquiring an additional 15,395 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FOR shares. Citigroup lowered their price objective on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price 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. StockNews.com raised shares of Forestar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, BTIG Research decreased 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 report on Monday, April 21st.

Forestar Group Stock Down 1.7%

Forestar Group stock opened at $19.87 on Tuesday. The company has a market cap of $1.01 billion, a P/E ratio of 5.57 and a beta of 1.46. Forestar Group Inc. has a 1-year low of $18.00 and a 1-year high of $37.21. The company has a fifty day simple moving average of $20.33 and a 200 day simple moving average of $24.04. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50.

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 analysts’ consensus estimates of $0.71 by ($0.07). The business had revenue of $351.00 million during the quarter, compared to the consensus estimate of $379.60 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. Research analysts anticipate that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director Elizabeth Parmer sold 1,460 shares of the stock in a transaction 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

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.