Weiss Ratings Reaffirms Hold (C) Rating for Forestar Group (NYSE:FOR)

Forestar Group (NYSE:FOR)‘s stock had its “hold (c)” rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research analysts also recently commented on FOR. Citizens Jmp initiated coverage on Forestar Group in a research note on Tuesday, July 15th. They set an “outperform” rating and a $30.00 target price for the company. Citigroup initiated coverage on Forestar Group in a research note on Tuesday, July 15th. They set an “outperform” rating for the company. Zacks Research raised Forestar Group from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, JMP Securities set a $30.00 target price on Forestar Group and gave the stock a “market outperform” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Forestar Group currently has a consensus rating of “Moderate Buy” and an average target price of $30.20.

Forestar Group Trading Up 0.5%

FOR opened at $25.93 on Wednesday. Forestar Group has a twelve month low of $18.00 and a twelve month high of $34.82. The company has a 50-day simple moving average of $26.92 and a 200 day simple moving average of $22.78. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.13 and a beta of 1.44.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Tuesday, July 22nd. The oil and gas exploration company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.13). Forestar Group had a return on equity of 10.02% and a net margin of 10.54%.The firm had revenue of $390.50 million for the quarter, compared to the consensus estimate of $397.50 million. During the same period in the prior year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. Forestar Group has set its FY 2025 guidance at EPS. Analysts predict that Forestar Group will post 3.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FOR. Allworth Financial LP increased its stake in shares of Forestar Group by 3,273.8% in the second quarter. Allworth Financial LP now owns 1,417 shares of the oil and gas exploration company’s stock valued at $28,000 after buying an additional 1,375 shares during the period. Signaturefd LLC increased its stake in shares of Forestar Group by 119.1% in the first quarter. Signaturefd LLC now owns 1,514 shares of the oil and gas exploration company’s stock valued at $32,000 after buying an additional 823 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Forestar Group by 201.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,105 shares of the oil and gas exploration company’s stock valued at $42,000 after buying an additional 1,406 shares during the period. Parallel Advisors LLC increased its stake in shares of Forestar Group by 237.1% in the second quarter. Parallel Advisors LLC now owns 3,533 shares of the oil and gas exploration company’s stock valued at $71,000 after buying an additional 2,485 shares during the period. Finally, Strs Ohio acquired a new position in shares of Forestar Group in the first quarter valued at approximately $74,000. Institutional investors and hedge funds own 35.50% of the company’s stock.

Forestar Group Company 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.