Forestar Group Inc. (NYSE:FOR) Shares Bought by Woodson Capital Management LP

Woodson Capital Management LP grew its position in shares of Forestar Group Inc. (NYSE:FOR) by 12.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 560,000 shares of the oil and gas exploration company’s stock after acquiring an additional 60,000 shares during the period. Forestar Group comprises about 3.5% of Woodson Capital Management LP’s holdings, making the stock its 11th largest position. Woodson Capital Management LP’s holdings in Forestar Group were worth $18,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sierra Summit Advisors LLC boosted its holdings in Forestar Group by 2.2% in the second quarter. Sierra Summit Advisors LLC now owns 17,166 shares of the oil and gas exploration company’s stock valued at $549,000 after purchasing an additional 370 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Forestar Group by 4.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,831 shares of the oil and gas exploration company’s stock valued at $286,000 after purchasing an additional 392 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Forestar Group by 115.4% in the first quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock valued at $37,000 after purchasing an additional 495 shares during the last quarter. CWM LLC boosted 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 valued at $34,000 after purchasing an additional 559 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Forestar Group by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 10,920 shares of the oil and gas exploration company’s stock valued at $349,000 after purchasing an additional 765 shares during the last quarter. Hedge funds and other institutional investors own 35.50% of the company’s stock.

Forestar Group Trading Down 1.3 %

Shares of FOR opened at $30.04 on Friday. The stock has a 50-day moving average price of $31.37 and a 200 day moving average price of $31.56. Forestar Group Inc. has a one year low of $27.49 and a one year high of $40.92. The company has a market capitalization of $1.52 billion, a P/E ratio of 7.49 and a beta of 1.76. 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 (NYSE:FOR) last announced 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 the consensus estimate 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 return on equity of 13.59% and a net margin of 13.48%. Forestar Group’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Sell-side analysts forecast that Forestar Group Inc. will post 3.67 EPS for the current fiscal year.

Insider Transactions at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was 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 in the company, valued at $193,883.58. This trade represents a 25.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

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.