Nuveen LLC Makes New Investment in Forestar Group Inc $FOR

Key Points

• Nuveen LLC invested $3.12 million in Forestar Group Inc, acquiring 147,717 shares, representing 0.29% ownership at the end of the reporting period.
• A average rating of "Buy" has been assigned to Forestar Group by analysts, with a consensus price target of $30.20.
• Despite a 22.6% year-over-year revenue increase, Forestar Group reported an earnings per share (EPS) of $0.65, missing analyst expectations of $0.78 for the recent quarter.

Nuveen LLC acquired a new position in Forestar Group Inc (NYSE:FOR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 147,717 shares of the oil and gas exploration company's stock, valued at approximately $3,123,000. Nuveen LLC owned 0.29% of Forestar Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FOR. Dimensional Fund Advisors LP lifted its holdings in Forestar Group by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,721,534 shares of the oil and gas exploration company's stock worth $70,541,000 after buying an additional 119,357 shares during the period. Janus Henderson Group PLC increased its stake in shares of Forestar Group by 406.1% during the fourth quarter. Janus Henderson Group PLC now owns 125,408 shares of the oil and gas exploration company's stock valued at $3,247,000 after purchasing an additional 100,629 shares in the last quarter. Heartland Advisors Inc. increased its stake in shares of Forestar Group by 25.3% during the first quarter. Heartland Advisors Inc. now owns 491,900 shares of the oil and gas exploration company's stock valued at $10,399,000 after purchasing an additional 99,300 shares in the last quarter. Crestline Management LP bought a new position in shares of Forestar Group during the fourth quarter valued at approximately $2,333,000. Finally, First Trust Advisors LP increased its stake in shares of Forestar Group by 197.8% during the fourth quarter. First Trust Advisors LP now owns 128,989 shares of the oil and gas exploration company's stock valued at $3,343,000 after purchasing an additional 85,669 shares in the last quarter. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Forestar Group Stock Up 0.3%

Shares of FOR traded up $0.08 on Wednesday, hitting $27.50. 128,151 shares of the stock traded hands, compared to its average volume of 159,544. The company has a market capitalization of $1.40 billion, a PE ratio of 8.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.73 and a current ratio of 0.73. The business has a 50 day simple moving average of $24.73 and a 200 day simple moving average of $21.97. Forestar Group Inc has a one year low of $18.00 and a one year high of $34.82.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FOR. Citigroup began coverage on shares of Forestar Group in a research note on Tuesday, July 15th. They set an "outperform" rating for the company. Citizens Jmp began coverage on shares of Forestar Group in a research note on Tuesday, July 15th. They set an "outperform" rating and a $30.00 target price for the company. Finally, JMP Securities set a $30.00 target price on shares of Forestar Group and gave the company a "market outperform" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $30.20.

Forestar Group Company 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.