Forestar Group Inc. (NYSE:FOR) saw unusually-strong trading volume on Monday . Approximately 334,909 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 303,085 shares.The stock last traded at $12.34 and had previously closed at $12.08.

Separately, Zacks Investment Research lowered Forestar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 3rd.

The firm’s market capitalization is $421.22 million. The company has a 50 day moving average price of $12.02 and a 200 day moving average price of $11.77.

Forestar Group (NYSE:FOR) last issued its earnings results on Friday, July 29th. The oil and gas exploration company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. The company earned $46.40 million during the quarter, compared to analysts’ expectations of $44.80 million. During the same quarter in the previous year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Forestar Group Inc. will post $0.56 EPS for the current fiscal year.

An institutional investor recently raised its position in Forestar Group stock. I.G. Investment Management LTD. increased its position in Forestar Group Inc. (NYSE:FOR) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,014 shares of the oil and gas exploration company’s stock after buying an additional 2,881 shares during the period. I.G. Investment Management LTD. owned approximately 0.27% of Forestar Group worth $1,029,000 as of its most recent SEC filing.

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.

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