Forestar Group (FOR) Sets New 12-Month Low at $17.45

Forestar Group Inc. (NYSE:FOR) shares hit a new 52-week low on Thursday . The stock traded as low as $17.45 and last traded at $17.35, with a volume of 1392 shares. The stock had previously closed at $18.28.

The company has a debt-to-equity ratio of 0.18, a quick ratio of 16.56 and a current ratio of 16.56.

Forestar Group (NYSE:FOR) last issued its earnings results on Wednesday, August 8th. The oil and gas exploration company reported $0.22 earnings per share for the quarter. The company had revenue of $23.57 million during the quarter. Forestar Group had a net margin of 37.75% and a negative return on equity of 0.45%.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Forestar Group by 2.0% in the 3rd quarter. BlackRock Inc. now owns 764,513 shares of the oil and gas exploration company’s stock worth $16,207,000 after buying an additional 15,069 shares during the period. James Investment Research Inc. bought a new position in shares of Forestar Group during the 2nd quarter valued at about $2,680,000. Dimension Capital Management LLC boosted its holdings in shares of Forestar Group by 8.7% during the 3rd quarter. Dimension Capital Management LLC now owns 99,409 shares of the oil and gas exploration company’s stock valued at $2,107,000 after purchasing an additional 7,929 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Forestar Group during the 2nd quarter valued at about $1,401,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Forestar Group by 26.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 54,574 shares of the oil and gas exploration company’s stock valued at $1,133,000 after purchasing an additional 11,424 shares during the last quarter. 22.91% of the stock is owned by institutional investors.

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Forestar Group Company Profile (NYSE:FOR)

Forestar Group Inc operates as a real estate development company. The company engages in the acquisition, entitlement, development, and sale of real estate, primarily single-family residential and mixed-use communities. It also sells residential lots to home builders; and commercial properties. As of December 31, 2017, Forestar Group Inc had 49 entitled, developed, or under development projects in 11 states and 16 markets planned for residential and commercial uses in the United States.

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