Signaturefd LLC Increases Holdings in Forestar Group Inc $FOR

Signaturefd LLC grew its holdings in shares of Forestar Group Inc (NYSE:FOR) by 43.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,166 shares of the oil and gas exploration company’s stock after buying an additional 652 shares during the quarter. Signaturefd LLC’s holdings in Forestar Group were worth $43,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FOR. Millennium Management LLC raised its position in shares of Forestar Group by 50.8% during the 1st quarter. Millennium Management LLC now owns 489,230 shares of the oil and gas exploration company’s stock valued at $10,342,000 after buying an additional 164,753 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Forestar Group during the 1st quarter valued at about $3,123,000. Royal Bank of Canada raised its position in shares of Forestar Group by 27.6% during the 1st quarter. Royal Bank of Canada now owns 487,582 shares of the oil and gas exploration company’s stock valued at $10,308,000 after buying an additional 105,361 shares in the last quarter. Heartland Advisors Inc. raised its position in shares of Forestar Group by 25.3% during the 1st quarter. Heartland Advisors Inc. now owns 491,900 shares of the oil and gas exploration company’s stock valued at $10,399,000 after buying an additional 99,300 shares in the last quarter. Finally, Palogic Value Management L.P. purchased a new stake in shares of Forestar Group during the 1st quarter valued at about $1,374,000. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FOR shares. JMP Securities set a $30.00 target price on shares of Forestar Group and gave the company a “market outperform” rating in a research report on Tuesday, July 15th. Citizens Jmp initiated coverage on shares of Forestar Group in a report on Tuesday, July 15th. They set an “outperform” rating and a $30.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Forestar Group in a report on Saturday, September 27th. Zacks Research upgraded shares of Forestar Group from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Citigroup initiated coverage on shares of Forestar Group in a report on Tuesday, July 15th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Forestar Group has an average rating of “Moderate Buy” and a consensus target price of $30.20.

Forestar Group Price Performance

Shares of FOR stock opened at $26.59 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $1.35 billion, a P/E ratio of 8.34 and a beta of 1.44. The company’s 50-day simple moving average is $26.89 and its two-hundred day simple moving average is $22.73. Forestar Group Inc has a one year low of $18.00 and a one year high of $34.82.

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

Forestar Group 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.