It was reported on December 12, that Daniel C Bartok, Chief Executive Officer at Forestar Group (NYSE:FOR) executed a significant insider sell, according to an SEC filing.
What Happened: Bartok's recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled the sale of 7,555 shares of Forestar Group. The total transaction value is $235,078.
In the Wednesday's morning session, Forestar Group's shares are currently trading at $31.22, experiencing a down of 0.0%.
About Forestar Group
Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates all of it's revenues. The firm fundamentally acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company utilizes a lower-risk business model mainly by investing in short duration, phased development projects.
A Deep Dive into Forestar Group's Financials
Revenue Growth: Forestar Group's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 44.15%. This signifies a substantial increase in ...