Forestar Group Inc $FOR Stock Holdings Lifted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its position in Forestar Group Inc (NYSE:FOR - Free Report) by 50.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,938 shares of the oil and gas exploration company's stock after buying an additional 19,008 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.11% of Forestar Group worth $1,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Forestar Group by 119.1% in the first 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 during the period. Lazard Asset Management LLC acquired a new position in Forestar Group in the fourth quarter valued at approximately $38,000. Heck Capital Advisors LLC acquired a new position in Forestar Group in the fourth quarter valued at approximately $112,000. Ieq Capital LLC acquired a new position in Forestar Group in the first quarter valued at approximately $214,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Forestar Group by 27.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,535 shares of the oil and gas exploration company's stock valued at $221,000 after acquiring an additional 1,856 shares during the period. 35.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Forestar Group Price Performance

Shares of FOR traded down $0.68 during midday trading on Friday, reaching $27.75. The stock had a trading volume of 85,514 shares, compared to its average volume of 140,016. Forestar Group Inc has a 52 week low of $18.00 and a 52 week high of $34.82. 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 firm's 50 day moving average price is $25.74 and its 200-day moving average price is $22.21. The company has a market capitalization of $1.41 billion, a P/E ratio of 8.70 and a beta of 1.43.

Forestar Group (NYSE:FOR - Get Free Report) last posted its quarterly earnings data 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). Forestar Group had a return on equity of 10.02% and a net margin of 10.54%.The firm had revenue of $390.50 million during the quarter, compared to the consensus estimate of $397.50 million. During the same period in the prior year, the firm posted $0.76 EPS. The firm's quarterly revenue was up 22.6% on a year-over-year basis. Forestar Group has set its FY 2025 guidance at EPS. On average, analysts forecast 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.