NYSE:FOR

Forestar Group (FOR) Stock Price, News & Analysis

$33.57
+1.24 (+3.84%)
(As of 05/3/2024 ET)
Today's Range
$32.88
$34.33
50-Day Range
$31.00
$40.78
52-Week Range
$19.26
$40.92
Volume
326,296 shs
Average Volume
311,830 shs
Market Capitalization
$1.70 billion
P/E Ratio
8.35
Dividend Yield
N/A
Price Target
$32.50

Forestar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
3.2% Downside
$32.50 Price Target
Short Interest
Healthy
2.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.44
Upright™ Environmental Score
News Sentiment
1.13mentions of Forestar Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$99,992 Bought Last Quarter
Proj. Earnings Growth
8.27%
From $3.87 to $4.19 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.

3.37 out of 5 stars

Finance Sector

2865th out of 5,270 stocks

Real Estate Industry

55th out of 132 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

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For over 22 years, Wall Street elites have kept this little-known "income hack" from everyday investors… 6 simple clicks have set up HUGE payouts for "in-the-know" investors… Delivering them passive income 365 days a year.
Forestar Group Becomes Oversold (FOR)
Forestar Group (NYSE:FOR) Lowered to Hold at StockNews.com
Automatic Income (from home)
For over 22 years, Wall Street elites have kept this little-known "income hack" from everyday investors… 6 simple clicks have set up HUGE payouts for "in-the-know" investors… Delivering them passive income 365 days a year.
Q2 2024 Forestar Group Inc Earnings Call
Forestar Reports Fiscal 2024 Second Quarter Results
Forestar Group Q2 2024 Earnings Preview
Forestar Group Inc - Ordinary Shares New
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Today
5/05/2024
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
340
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
-3.2%
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
$3.53 per share
Book Value
$29.11 per share

Miscellaneous

Free Float
50,355,000
Market Cap
$1.70 billion
Optionable
Optionable
Beta
1.75
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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 brokerages have issued 1 year price objectives 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 that the stock has a possible downside of 3.2%.
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 on January 1st, 2024. Since then, FOR shares have increased by 1.5% and is now trading at $33.57.
View the best growth stocks for 2024 here
.

Are investors shorting Forestar Group?

Forestar Group saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 508,000 shares, an increase of 6.0% from the March 31st total of 479,200 shares. Based on an average daily volume of 247,300 shares, the short-interest ratio is currently 2.1 days. Approximately 2.8% 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, July 18th 2024.
View our FOR earnings forecast
.

How were Forestar Group's earnings last quarter?

Forestar Group Inc. (NYSE:FOR) issued its quarterly earnings data 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 had revenue of $305.90 million for 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 period in the previous year, the firm posted $0.42 earnings per share.

What ETFs hold Forestar Group's stock?

ETFs with the largest weight of Forestar Group (NYSE:FOR) stock in their portfolio include Amplify Inflation Fighter ETF (IWIN) and Euclidean Fundamental Value ETF (ECML).EA Bridgeway Omni Small-Cap Value ETF (BSVO).

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 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 many different retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.34%), Denali Advisors LLC (0.26%), Los Angeles Capital Management LLC (0.13%), Allspring Global Investments Holdings LLC (0.09%), Harbour Capital Advisors LLC (0.04%) and GSA Capital Partners LLP (0.04%). Insiders that own company stock include Anthony W Oxley, 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 5/5/2024 by MarketBeat.com Staff

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