Insider Buying: Forestar Group Inc. (NYSE:FOR) CEO Purchases 3,210 Shares of Stock

Forestar Group Inc. (NYSE:FOR) CEO Anthony W. Oxley purchased 3,210 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was bought at an average cost of $31.15 per share, for a total transaction of $99,991.50. Following the purchase, the chief executive officer now owns 3,210 shares in the company, valued at $99,991.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Forestar Group Stock Up 0.6 %

NYSE FOR opened at $31.18 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $1.58 billion, a PE ratio of 7.76 and a beta of 1.75. The stock’s 50 day simple moving average is $35.59 and its 200 day simple moving average is $32.53. Forestar Group Inc. has a one year low of $19.26 and a one year high of $40.92.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Forestar Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Institutional Trading of Forestar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in FOR. Dimensional Fund Advisors LP lifted its position in Forestar Group by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,026,590 shares of the oil and gas exploration company’s stock worth $67,021,000 after buying an additional 200,686 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Forestar Group by 110.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 261,072 shares of the oil and gas exploration company’s stock valued at $7,033,000 after purchasing an additional 137,270 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Forestar Group by 3.4% in the third quarter. Vanguard Group Inc. now owns 2,761,849 shares of the oil and gas exploration company’s stock valued at $74,404,000 after purchasing an additional 90,291 shares in the last quarter. Algert Global LLC lifted its holdings in Forestar Group by 90.5% during the 3rd quarter. Algert Global LLC now owns 180,700 shares of the oil and gas exploration company’s stock worth $4,868,000 after buying an additional 85,867 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Forestar Group by 4,350.4% in the 3rd quarter. Acadian Asset Management LLC now owns 67,157 shares of the oil and gas exploration company’s stock valued at $1,807,000 after buying an additional 65,648 shares during the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

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.