Forestar Group Inc. (NYSE:FOR – Get Free Report) Director G.F. (Rick) Ringler III sold 2,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following the sale, the director now directly owns 5,951 shares of the company’s stock, valued at approximately $193,883.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Forestar Group Stock Performance
Forestar Group stock opened at $31.95 on Thursday. The firm has a market capitalization of $1.62 billion, a PE ratio of 7.87 and a beta of 1.76. Forestar Group Inc. has a one year low of $22.71 and a one year high of $40.92. The stock’s 50 day moving average price is $30.81 and its 200 day moving average price is $32.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.50.
Forestar Group (NYSE:FOR – Get Free Report) last announced its earnings results on Thursday, July 18th. The oil and gas exploration company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. The firm had revenue of $318.40 million during the quarter, compared to analysts’ expectations of $370.50 million. As a group, sell-side analysts expect that Forestar Group Inc. will post 3.72 EPS for the current fiscal year.
Institutional Trading of Forestar Group
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on FOR. BTIG Research decreased their target price on Forestar Group from $41.00 to $37.00 and set a “buy” rating for the company in a report on Friday, July 19th. Citigroup dropped their price objective on shares of Forestar Group from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th.
Check Out Our Latest Research Report on Forestar Group
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.
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