Forestar Group (FOR) Stock Price, News & Analysis

3 Wall Street 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 research analysts is that investors should "moderate buy" FOR shares.
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3 brokers have issued 12-month target prices for Forestar Group's shares. Their FOR share price targets range from $32.00 to $33.50. On average, they anticipate the company's share price to reach $32.50 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
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Forestar Group's stock was trading at $33.07 on January 1st, 2024. Since then, FOR stock has decreased by 5.4% and is now trading at $31.30.
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Forestar Group saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 479,200 shares, a decline of 19.9% from the March 15th total of 597,900 shares. Based on an average trading volume of 211,200 shares, the short-interest ratio is presently 2.3 days. Currently, 2.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
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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 analysts' consensus estimates of $0.56 by $0.20. The oil and gas exploration company had revenue of $305.90 million for the quarter, compared to analysts' expectations of $273 million. Forestar Group had a trailing twelve-month return on equity of 13.85% and a net margin of 12.08%. During the same period in the prior year, the business earned $0.42 EPS.

ETFs with the largest weight of Forestar Group (NYSE:FOR) stock in their portfolio include Amplify Inflation Fighter ETF (IWIN), Innovator IBD Breakout Opportunities ETF (BOUT), Euclidean Fundamental Value ETF (ECML), First Trust Dow Jones Select Microcap Index Fund (FDM), EA Bridgeway Omni Small-Cap Value ETF (BSVO), Hartford Multifactor Small Cap ETF (ROSC) and iShares US Small Cap Value Factor ETF (SVAL).IQ Chaikin U.S. Small Cap ETF (CSML).

Forestar Group updated its FY 2024 earnings guidance on Thursday, April, 18th. The company provided earnings per share 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.

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.

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).

Forestar Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include 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.
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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.
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