Moody Aldrich Partners LLC Has $7 Million Position in Forestar Group Inc. (NYSE:FOR)

Moody Aldrich Partners LLC boosted its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 27.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,354 shares of the oil and gas exploration company’s stock after buying an additional 46,250 shares during the period. Forestar Group makes up about 1.3% of Moody Aldrich Partners LLC’s portfolio, making the stock its 24th largest position. Moody Aldrich Partners LLC owned approximately 0.43% of Forestar Group worth $7,003,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FOR. Sierra Summit Advisors LLC lifted its position in Forestar Group by 2.2% in the 2nd quarter. Sierra Summit Advisors LLC now owns 17,166 shares of the oil and gas exploration company’s stock valued at $549,000 after acquiring an additional 370 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 in the last quarter. CWM LLC boosted its position in shares of Forestar Group by 111.6% during the second quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 559 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Forestar Group by 7.5% during 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 buying an additional 765 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Forestar Group by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,997 shares of the oil and gas exploration company’s stock worth $442,000 after buying an additional 781 shares in the last quarter. Institutional investors and hedge funds own 35.50% of the company’s stock.

Analysts Set New Price Targets

FOR has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. BTIG Research cut their price target on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Finally, Citigroup decreased their price objective on shares of Forestar Group from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd.

Forestar Group Stock Performance

NYSE:FOR traded up $0.40 during trading on Thursday, reaching $31.65. The company’s stock had a trading volume of 8,805 shares, compared to its average volume of 194,388. Forestar Group Inc. has a 12 month low of $22.97 and a 12 month high of $40.92. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 7.77 and a beta of 1.76. The firm has a 50 day moving average of $31.44 and a 200-day moving average of $32.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.50.

Insider Buying and Selling

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of Forestar Group stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following the sale, the director now owns 5,951 shares of the company’s stock, valued at approximately $193,883.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 3,548 shares of company stock valued at $112,411. 0.49% of the stock is owned by insiders.

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.