Forestar Group Inc. (NYSE:FOR - Get Free Report) Director Elizabeth Parmer sold 680 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $29.33, for a total transaction of $19,944.40. Following the completion of the sale, the director now directly owns 1,320 shares in the company, valued at $38,715.60. This trade represents a 34.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE FOR traded up $0.34 during mid-day trading on Friday, reaching $29.11. The company had a trading volume of 45,275 shares, compared to its average volume of 188,165. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 7.33 and a beta of 1.76. Forestar Group Inc. has a 52 week low of $27.49 and a 52 week high of $40.92. The business's 50-day moving average is $31.64 and its 200-day moving average is $31.71. The company has a current ratio of 1.61, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44.

Forestar Group (NYSE:FOR - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business had revenue of $551.40 million for the quarter, compared to the consensus estimate of $503.76 million. During the same period in the prior year, the firm earned $1.44 EPS. The company's revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts expect that Forestar Group Inc. will post 3.67 earnings per share for the current year.

Separately, JPMorgan Chase & Co. reduced their price target on Forestar Group from $37.50 to $36.00 and set a "neutral" rating on the stock in a report on Thursday, July 25th.

Get Our Latest Stock Analysis on FOR

Institutional investors and hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of Forestar Group in the 1st quarter worth approximately $32,000. Point72 DIFC Ltd bought a new stake in Forestar Group during the 3rd quarter valued at $32,000. CWM LLC increased its holdings in shares of Forestar Group by 111.6% in the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company's stock valued at $34,000 after acquiring an additional 559 shares during the period. Family Firm Inc. bought a new position in shares of Forestar Group in the 2nd quarter worth $34,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Forestar Group by 115.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company's stock worth $37,000 after acquiring an additional 495 shares in the last quarter. 35.50% of the stock is owned by institutional investors.

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.

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