75,576 Shares in Forestar Group Inc $FOR Acquired by Dimension Capital Management LLC

Dimension Capital Management LLC purchased a new position in Forestar Group Inc (NYSE:FOR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,576 shares of the oil and gas exploration company’s stock, valued at approximately $1,512,000. Dimension Capital Management LLC owned approximately 0.15% of Forestar Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP raised its position in shares of Forestar Group by 3,273.8% during the second quarter. Allworth Financial LP now owns 1,417 shares of the oil and gas exploration company’s stock worth $28,000 after purchasing an additional 1,375 shares during the period. Signaturefd LLC increased its stake in Forestar Group by 43.1% during the 2nd quarter. Signaturefd LLC now owns 2,166 shares of the oil and gas exploration company’s stock valued at $43,000 after purchasing an additional 652 shares in the last quarter. Strs Ohio acquired a new position in Forestar Group during the first quarter worth $74,000. Parallel Advisors LLC raised its holdings in Forestar Group by 237.1% during the second quarter. Parallel Advisors LLC now owns 3,533 shares of the oil and gas exploration company’s stock worth $71,000 after buying an additional 2,485 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Forestar Group by 63.7% in the first quarter. NewEdge Advisors LLC now owns 4,829 shares of the oil and gas exploration company’s stock valued at $102,000 after buying an additional 1,879 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FOR. JPMorgan Chase & Co. boosted their target price on shares of Forestar Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded Forestar Group from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Forestar Group in a research note on Wednesday, October 8th. Zacks Research upgraded Forestar Group from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, JMP Securities set a $35.00 price target on Forestar Group in a report on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Forestar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Forestar Group Price Performance

Forestar Group stock opened at $25.89 on Thursday. Forestar Group Inc has a 52 week low of $18.00 and a 52 week high of $29.44. The company’s 50 day moving average price is $25.46 and its two-hundred day moving average price is $24.50. The stock has a market cap of $1.32 billion, a P/E ratio of 7.87 and a beta of 1.41. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.45.

Forestar Group (NYSE:FOR) last issued its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.53. The company had revenue of $670.50 million during the quarter, compared to the consensus estimate of $556.59 million. Forestar Group had a return on equity of 10.08% and a net margin of 10.11%.Forestar Group’s revenue was up 21.6% on a year-over-year basis. During the same period last year, the business posted $1.60 earnings per share. On average, equities analysts predict that Forestar Group Inc will post 3.44 earnings per share for the current year.

Forestar Group 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.