Forestar Group CFO Sells $348,749 in Stock (FOR)
Forestar Group (NYSE:FOR) CFO Christopher L. Nines sold 17,703 shares of Forestar Group stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $19.70, for a total value of $348,749.10. Following the completion of the transaction, the chief financial officer now directly owns 43,912 shares of the company’s stock, valued at approximately $865,066. The transaction was disclosed in a filing with the SEC, which is available at this link.
Forestar Group (NYSE:FOR) traded down 1.38% during mid-day trading on Thursday, hitting $19.32. The stock had a trading volume of 243,728 shares. Forestar Group has a 52-week low of $16.29 and a 52-week high of $24.03. The stock’s 50-day moving average is $19.32 and its 200-day moving average is $18.48. The company has a market cap of $685.0 million and a P/E ratio of 16.67.
Forestar Group (NYSE:FOR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.24. The company had revenue of $83.01 million for the quarter, compared to the consensus estimate of $65.74 million. On average, analysts predict that Forestar Group will post $0.81 earnings per share for the current fiscal year.
Separately, analysts at JMP Securities raised their price target on shares of Forestar Group from $26.00 to $27.00 in a research note on Thursday, August 7th. They now have a “market outperform” rating on the stock. Four equities research analysts have rated the stock with a buy rating, Forestar Group presently has an average rating of “Buy” and a consensus price target of $26.50.
Forestar Group Inc (NYSE:FOR) is a real estate and natural resources company.
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