On September 27, 2024, Ringler G.F. (Rick) III, Director of Forestar Group Inc (FOR, Financial), executed a sale of 2,000 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now owns 5,951 shares of Forestar Group Inc.
Forestar Group Inc is a residential and mixed-use real estate development company. The company operates with a focus on acquiring land and developing infrastructure, which is then sold to homebuilders and others engaged in residential and commercial construction.
Over the past year, the insider has sold a total of 6,000 shares and has not made any purchases. The broader trend within the company shows a predominance of insider selling, with 14 insider sales and only 1 insider buy over the last year.
Shares of Forestar Group Inc were trading at $32.58 on the day of the sale. The company has a market cap of approximately $1.64 billion. The price-earnings ratio of the stock stands at 8.41, which is below both the industry median of 14.7 and the company's historical median.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.5, based on a GF Value of $21.71. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
