Dimensional Fund Advisors LP Acquires 30,347 Shares of Forestar Group Inc $FOR

Dimensional Fund Advisors LP increased its stake in shares of Forestar Group Inc (NYSE:FOR) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,805,806 shares of the oil and gas exploration company’s stock after acquiring an additional 30,347 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Forestar Group worth $68,573,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Forestar Group during the 1st quarter valued at approximately $3,845,000. Total Wealth Planning & Management Inc. acquired a new stake in Forestar Group during the fourth quarter valued at $552,000. SEB Asset Management AB acquired a new stake in Forestar Group during the first quarter valued at $1,640,000. Vanguard Group Inc. increased its holdings in Forestar Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,813,034 shares of the oil and gas exploration company’s stock valued at $69,285,000 after buying an additional 43,440 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Forestar Group in the first quarter worth about $557,000. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Forestar Group Price Performance

Shares of Forestar Group stock opened at $28.10 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 8.44 and a beta of 1.39. The business has a 50 day simple moving average of $29.13 and a two-hundred day simple moving average of $27.61. Forestar Group Inc has a 12 month low of $22.81 and a 12 month high of $32.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.44 and a quick ratio of 1.44.

Forestar Group (NYSE:FOR) last issued its quarterly earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.11). Forestar Group had a return on equity of 9.42% and a net margin of 9.88%.The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $437.73 million. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis.

Analyst Ratings Changes

FOR has been the topic of several recent analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $35.00 target price on shares of Forestar Group in a research note on Wednesday, July 22nd. Weiss Ratings cut Forestar Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Forestar Group currently has a consensus rating of “Hold” and an average target price of $32.67.

Forestar Group Profile

Forestar Group Inc, headquartered in Austin, Texas, is a residential lot development and management company focused on delivering finished home sites to homebuilders across the United States. The company acquires, entitles and develops land for single-family and multi-family housing, managing zoning, infrastructure and environmental approvals to prepare lots for construction. Forestar’s integrated approach to land development spans from initial site acquisition through final lot delivery, providing homebuilders with ready-to-build parcels in a variety of markets.

In addition to lot development, Forestar operates a retail homebuilding segment through joint ventures and strategic partnerships with national and regional homebuilders.