Heartland Advisors Expands Stakes Across Forestar, Exelon
Heartland Advisors Inc. disclosed new Q2 holdings across five companies: Forestar Group, Parsons, Exelon, PPG Industries, and Semtech, purchasing substantial share blocks valued in the tens of millions of dollars in each case. The disclosures show a broad, multi-name stake-building approach by the adviser, with other major investors also active in these stocks as institutional ownership remains high in several of the firms.
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About Forestar Group
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency.
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- https://www.forestar.com/