Palogic Value Management L.P. Invests $1.37 Million in Forestar Group Inc $FOR

Key Points

• Palogic Value Management L.P. acquired 65,000 shares in Forestar Group Inc for approximately $1.37 million, representing a 0.13% stake as reported in their latest SEC filing.
• A variety of institutional investors, including Signaturefd LLC and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., have recently increased their stakes in Forestar Group, demonstrating growing institutional interest.
• Forestar Group's stock received an average rating of "Buy" from analysts, with a consensus target price set at $30.20 despite the company missing earnings expectations in its most recent quarterly report.

Palogic Value Management L.P. bought a new position in Forestar Group Inc (NYSE:FOR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 65,000 shares of the oil and gas exploration company's stock, valued at approximately $1,374,000. Palogic Value Management L.P. owned 0.13% of Forestar Group at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its position in Forestar Group by 119.1% during the 1st quarter. Signaturefd LLC now owns 1,514 shares of the oil and gas exploration company's stock valued at $32,000 after acquiring an additional 823 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Forestar Group during the 4th quarter valued at $38,000. NewEdge Advisors LLC bought a new stake in Forestar Group during the 4th quarter valued at $76,000. Heck Capital Advisors LLC acquired a new stake in shares of Forestar Group in the 4th quarter worth $112,000. Finally, Ieq Capital LLC acquired a new stake in shares of Forestar Group in the 1st quarter worth $214,000. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FOR has been the topic of a number of recent research reports. Citigroup initiated coverage on Forestar Group in a research note on Tuesday, July 15th. They issued an "outperform" rating on the stock. JMP Securities set a $30.00 price target on Forestar Group and gave the stock a "market outperform" rating in a report on Tuesday, July 15th. Finally, Citizens Jmp initiated coverage on Forestar Group in a report on Tuesday, July 15th. They issued an "outperform" rating and a $30.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Forestar Group presently has a consensus rating of "Buy" and an average price target of $30.20.

Forestar Group Trading Up 2.0%

FOR traded up $0.56 during trading hours on Thursday, reaching $28.01. The company's stock had a trading volume of 34,643 shares, compared to its average volume of 193,044. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.73 and a quick ratio of 0.73. The business's 50-day moving average is $24.73 and its 200-day moving average is $21.97. Forestar Group Inc has a fifty-two week low of $18.00 and a fifty-two week high of $34.82. The stock has a market cap of $1.42 billion, a PE ratio of 8.78 and a beta of 1.43.

Forestar Group (NYSE:FOR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The oil and gas exploration company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.13). The firm had revenue of $390.50 million for the quarter, compared to analyst estimates of $397.50 million. Forestar Group had a return on equity of 10.02% and a net margin of 10.54%.The firm's revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. Forestar Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Forestar Group Inc will post 3.44 earnings per share for the current fiscal year.

Forestar Group Profile

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.