NYSE:FOR

Forestar Group (FOR) Stock Price, News & Analysis

$31.19
-0.42 (-1.33%)
(As of 04/22/2024 ET)
Today's Range
$30.52
$31.79
50-Day Range
$31.19
$40.78
52-Week Range
$17.30
$40.92
Volume
436,411 shs
Average Volume
304,646 shs
Market Capitalization
$1.56 billion
P/E Ratio
7.76
Dividend Yield
N/A
Price Target
$32.50

Forestar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
4.2% Upside
$32.50 Price Target
Short Interest
Healthy
2.63% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.44
Upright™ Environmental Score
News Sentiment
0.22mentions of Forestar Group in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
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.

3.10 out of 5 stars

Finance Sector

478th out of 842 stocks

Real Estate Industry

7th out of 22 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 (NYSE:FOR) Sees Strong Trading Volume
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Q2 2024 Forestar Group Inc Earnings Call
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In today’s volatile markets we are all looking for the edge. But imagine tapping into a world where every investment move has the potential to be ahead of the curve. Most investors have heard of the publication Insider Financial. For nearly a decade, they've unlocked doors to opportunities tucked away from the public eye, guiding over a million investors with well researched information before it hits the mainstream media.
Forestar Reports Fiscal 2024 Second Quarter Results
Forestar Group Q2 2024 Earnings Preview
Forestar Group (NYSE:FOR) Downgraded to "Hold" at StockNews.com
Forestar Group Inc - Ordinary Shares New
Q1 2024 Forestar Group Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Today
4/23/2024
Next Earnings (Estimated)
7/18/2024
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
+4.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$166.90 million
Pretax Margin
17.19%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$3.36 per share
Book Value
$27.45 per share

Miscellaneous

Free Float
49,668,000
Market Cap
$1.56 billion
Optionable
Optionable
Beta
1.71
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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 twelve months. 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 Wall Street research analysts have issued twelve-month target prices for Forestar Group's stock. Their FOR share price targets range from $32.00 to $33.50. On average, they expect the company's stock price to reach $32.50 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
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 stock has decreased by 5.7% and is now trading at $31.19.
View the best growth stocks for 2024 here
.

Are investors shorting Forestar Group?

Forestar Group saw a decrease in short interest in March. As of March 31st, there was short interest totaling 479,200 shares, a decrease of 19.9% from the March 15th total of 597,900 shares. Based on an average daily volume of 211,200 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.6% of the shares of the company 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, July 18th 2024.
View our FOR earnings forecast
.

How were Forestar Group's earnings last quarter?

Forestar Group Inc. (NYSE:FOR) posted its quarterly earnings results on Tuesday, January, 23rd. The oil and gas exploration company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.20. The oil and gas exploration company earned $305.90 million during the quarter, compared to analyst estimates of $273 million. Forestar Group had a trailing twelve-month return on equity of 14.59% and a net margin of 12.99%. During the same quarter in the previous year, the company posted $0.42 EPS.

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

Forestar Group issued an update on its FY 2024 earnings guidance on Thursday, April, 18th. 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 Denali Advisors LLC (0.26%), Los Angeles Capital Management LLC (0.13%), Allspring Global Investments Holdings LLC (0.09%) and Harbour Capital Advisors LLC (0.04%). 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 4/23/2024 by MarketBeat.com Staff

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