Forestar Group Inc. (NYSE:FOR) Short Interest Update

Forestar Group Inc. (NYSE:FOR) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 322,700 shares, a decrease of 6.2% from the October 31st total of 344,200 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 129,600 shares, the days-to-cover ratio is currently 2.5 days.

Insiders Place Their Bets

In other news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction of $65,160.00. Following the transaction, the director now directly owns 5,951 shares of the company’s stock, valued at approximately $193,883.58. This trade represents a 25.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Forestar Group

Several hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in shares of Forestar Group during the 3rd quarter valued at about $32,000. Family Firm Inc. purchased a new stake in Forestar Group in the second quarter worth about $34,000. CWM LLC lifted its holdings in Forestar Group by 111.6% in the second quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 559 shares during the period. EverSource Wealth Advisors LLC boosted its position in Forestar Group by 115.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock valued at $37,000 after acquiring an additional 495 shares in the last quarter. Finally, nVerses Capital LLC grew its holdings in shares of Forestar Group by 500.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock worth $39,000 after acquiring an additional 1,000 shares during the period. 35.50% of the stock is owned by hedge funds and other institutional investors.

Forestar Group Stock Performance

Shares of FOR stock opened at $29.71 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 1.61. Forestar Group has a fifty-two week low of $27.49 and a fifty-two week high of $40.92. The company has a market capitalization of $1.51 billion, a P/E ratio of 7.41 and a beta of 1.72. The stock has a 50 day moving average price of $31.17 and a two-hundred day moving average price of $31.43.

Forestar Group (NYSE:FOR) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.29. The firm had revenue of $551.40 million for the quarter, compared to analysts’ expectations of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 earnings per share. Analysts expect that Forestar Group will post 3.67 earnings per share for the current 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.