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NYSE:FOR

Forestar Group (FOR) Stock Price, News & Analysis

$34.25
-0.13 (-0.38%)
(As of 04:10 PM ET)
Today's Range
$34.24
$35.05
50-Day Range
$30.43
$34.72
52-Week Range
$13.76
$38.73
Volume
244,633 shs
Average Volume
184,259 shs
Market Capitalization
$1.71 billion
P/E Ratio
9.33
Dividend Yield
N/A
Price Target
$32.50

Forestar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
6.4% Downside
$32.50 Price Target
Short Interest
Healthy
2.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.44
Upright™ Environmental Score
News Sentiment
1.33mentions of Forestar Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$494,922 Sold Last Quarter
Proj. Earnings Growth
7.89%
From $3.93 to $4.24 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.79 out of 5 stars

Finance Sector

352nd out of 864 stocks

Real Estate Industry

6th out of 25 stocks


FOR stock logo

About Forestar Group Stock (NYSE:FOR)

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. Forestar Group Inc. operates as a subsidiary of D.R. Horton, Inc.

FOR Stock Price History

FOR Stock News Headlines

Forestar Group Inc - Ordinary Shares New
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Q1 2024 Forestar Group Inc Earnings Call
Forestar Reports Fiscal 2024 First Quarter Results
Earnings Outlook For Forestar Group
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Today
3/04/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate
Sub-Industry
Real Estate Development
CUSIP
34623310
Employees
329
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$32.50
High Stock Price Target
$33.50
Low Stock Price Target
$32.00
Potential Upside/Downside
-5.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$166.90 million
Pretax Margin
16.05%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$3.40 per share
Book Value
$28.23 per share

Miscellaneous

Free Float
49,668,000
Market Cap
$1.72 billion
Optionable
Optionable
Beta
1.69
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FOR Stock Analysis - Frequently Asked Questions

Should I buy or sell Forestar Group stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forestar Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FOR shares.
View FOR analyst ratings
or view top-rated stocks.

What is Forestar Group's stock price target for 2024?

3 brokers have issued 12 month target prices for Forestar Group's stock. Their FOR share price targets range from $32.00 to $33.50. On average, they predict the company's share price to reach $32.50 in the next year. This suggests that the stock has a possible downside of 6.4%.
View analysts price targets for FOR
or view top-rated stocks among Wall Street analysts.

How have FOR shares performed in 2024?

Forestar Group's stock was trading at $33.07 at the start of the year. Since then, FOR shares have increased by 5.0% and is now trading at $34.71.
View the best growth stocks for 2024 here
.

Are investors shorting Forestar Group?

Forestar Group saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 490,800 shares, a decline of 17.4% from the January 31st total of 593,900 shares. Based on an average daily volume of 177,600 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.7% of the company's stock are sold short.
View Forestar Group's Short Interest
.

When is Forestar Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our FOR earnings forecast
.

How were Forestar Group's earnings last quarter?

Forestar Group Inc. (NYSE:FOR) issued its quarterly earnings results on Tuesday, January, 23rd. The oil and gas exploration company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.20. The oil and gas exploration company had revenue of $305.90 million for the quarter, compared to the consensus estimate of $273 million. Forestar Group had a net margin of 12.08% and a trailing twelve-month return on equity of 13.85%. During the same period in the prior year, the company earned $0.42 EPS.

What ETFs hold Forestar Group's stock?
What guidance has Forestar Group issued on next quarter's earnings?

Forestar Group updated its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.

What is Jim DeCosmo's approval rating as Forestar Group's CEO?

4 employees have rated Forestar Group Chief Executive Officer Jim DeCosmo on Glassdoor.com. Jim DeCosmo has an approval rating of 42% among the company's employees. This puts Jim DeCosmo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Forestar Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Forestar Group investors own include Boeing (BA), Citigroup (C), NVIDIA (NVDA), Toll Brothers (TOL), Enphase Energy (ENPH), Mastercard (MA), Micron Technology (MU), Nokia Oyj (NOK), Pfizer (PFE) and QUALCOMM (QCOM).

Who are Forestar Group's major shareholders?

Forestar Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.57%), Dimensional Fund Advisors LP (4.06%), Bridgeway Capital Management LLC (0.79%), Nuveen Asset Management LLC (0.71%), Goldman Sachs Group Inc. (0.65%) and Goldman Sachs Group Inc. (0.65%). Insiders that own company stock include Daniel C Bartok, GF (Rick) Ringler III, James Douglas Allen and Lisa H Jamieson.
View institutional ownership trends
.

How do I buy shares of Forestar Group?

Shares of FOR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FOR) was last updated on 3/4/2024 by MarketBeat.com Staff