Forestar Group’s (FOR) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Citizens Jmp reiterated their market outperform rating on shares of Forestar Group (NYSE:FOR) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $35.00 target price on the oil and gas exploration company’s stock.

A number of other research analysts have also recently commented on the company. Zacks Research cut Forestar Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. BTIG Research began coverage on Forestar Group in a report on Monday, March 30th. They set a “hold” rating on the stock. Finally, Weiss Ratings upgraded Forestar Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.67.

Forestar Group Trading Up 1.4%

Shares of FOR opened at $27.39 on Wednesday. The stock has a fifty day moving average of $28.75 and a two-hundred day moving average of $27.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 1.44. The company has a market capitalization of $1.40 billion, a PE ratio of 8.23 and a beta of 1.39. Forestar Group has a fifty-two week low of $22.81 and a fifty-two week high of $32.06.

Forestar Group (NYSE:FOR) last released its earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.11). Forestar Group had a net margin of 9.88% and a return on equity of 9.42%. The company had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $437.73 million. Forestar Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share.

Institutional Investors Weigh In On Forestar Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in Forestar Group by 232.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 529,863 shares of the oil and gas exploration company’s stock valued at $10,597,000 after purchasing an additional 370,685 shares during the period. Millennium Management LLC grew its stake in 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 worth $10,342,000 after buying an additional 164,753 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Forestar Group in the first quarter worth $3,845,000. Alliancebernstein L.P. increased its position in Forestar Group by 235.3% in the third quarter. Alliancebernstein L.P. now owns 159,053 shares of the oil and gas exploration company’s stock worth $4,229,000 after buying an additional 111,620 shares during the period. Finally, Bank of America Corp DE lifted its stake in Forestar Group by 165.2% in the third quarter. Bank of America Corp DE now owns 152,617 shares of the oil and gas exploration company’s stock valued at $4,058,000 after buying an additional 95,065 shares during the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Forestar Group

Here are the key news stories impacting Forestar Group this week:

• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating on Forestar Group and set a $35 price target, implying meaningful upside from recent trading levels. Read More
• Positive Sentiment: Forestar reiterated FY2026 guidance for 14,000-14,500 lots and $1.6 billion-$1.7 billion in revenue, signaling management still expects steady full-year performance despite affordability headwinds. Read More
• Neutral Sentiment: Investors are also reviewing the company’s Q3 2026 earnings call highlights and transcript for clues on margins, demand trends, and the housing market backdrop. Read More
• Neutral Sentiment: Forestar reported $0.70 EPS versus the $0.81 consensus, while revenue of $407 million also came in below estimates, but sales still rose 4.2% year over year. Read More
• Negative Sentiment: The earnings and sales miss, along with commentary around affordability headwinds, are the main reasons shares have been under pressure. Read More

Forestar Group Company Profile

Forestar Group Inc, headquartered in Austin, Texas, is a residential lot development and management company focused on delivering finished home sites to homebuilders across the United States. The company acquires, entitles and develops land for single-family and multi-family housing, managing zoning, infrastructure and environmental approvals to prepare lots for construction. Forestar’s integrated approach to land development spans from initial site acquisition through final lot delivery, providing homebuilders with ready-to-build parcels in a variety of markets.

In addition to lot development, Forestar operates a retail homebuilding segment through joint ventures and strategic partnerships with national and regional homebuilders.