Forestar Group (FOR) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $33.03 to $33.73
• 50-Day Range: $28.23 to $36.91
• 52-Week Range: $22.71 to $40.92
• Volume: 51,444 shs
• Average Volume: 204,768 shs
• Market Capitalization: $1.68 billion
• P/E Ratio: 8.28
• Dividend Yield: N/A
• Price Target: $38.67
• Consensus Rating: Moderate Buy

Forestar Group Stock Analysis - MarketRank™

Forestar Group scored higher than 88% of companies evaluated by MarketBeat, and ranked 172nd out of 901 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Forestar Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Forestar Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.26%

Earnings Growth

Earnings for Forestar Group are expected to grow by 7.26% in the coming year, from $3.72 to $3.99 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Forestar Group is 8.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Forestar Group is 8.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.90.

Price to Book Value per Share Ratio

Forestar Group has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.15% of the float of Forestar Group has been sold short.

Short Interest Ratio / Days to Cover

Forestar Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forestar Group has recently decreased by 10.60%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Forestar Group does not currently pay a dividend.

Dividend Growth

Forestar Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.1 / 5
• Environmental Score: -2.44

Percentage of Shares Shorted

2.15% of the float of Forestar Group has been sold short.

Short Interest Ratio / Days to Cover

Forestar Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forestar Group has recently decreased by 10.60%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.63

News Sentiment

Forestar Group has a news sentiment score of 1.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Forestar Group this week, compared to 2 articles on an average week.

Search Interest

4 people have searched for FOR on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Forestar Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $159,887.00 in company stock.

Percentage Held by Insiders

Only 0.49% of the stock of Forestar Group is held by insiders.

Percentage Held by Institutions

Only 35.50% of the stock of Forestar Group is held by institutions.

FOR Stock Analysis - Frequently Asked Questions

How have FOR shares performed this year?

Forestar Group's stock was trading at $33.07 at the beginning of the year. Since then, FOR shares have increased by 0.6% and is now trading at $33.27.
View the best growth stocks for 2024 here.

How were Forestar Group's earnings last quarter?

Forestar Group Inc. (NYSE:FOR) issued its quarterly earnings data on Thursday, July, 18th. The oil and gas exploration company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.13. The oil and gas exploration company had revenue of $318.40 million for the quarter, compared to the consensus estimate of $370.50 million. Forestar Group had a net margin of 12.89% and a trailing twelve-month return on equity of 13.48%.

Who are Forestar Group's major shareholders?

Top institutional investors of Forestar Group include Dimensional Fund Advisors LP (4.82%), American Century Companies Inc. (0.91%), Principal Financial Group Inc. (0.63%) and Hennessy Advisors Inc. (0.42%). Insiders that own company stock include Daniel C Bartok, GF (Rick) Ringler III, Anthony W Oxley, Elizabeth Parmer 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.

What other stocks do shareholders of Forestar Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Forestar Group investors own include Boeing (BA), Citigroup (C), NVIDIA (NVDA), Toll Brothers (TOL), Enphase Energy (ENPH), Mastercard (MA) and Micron Technology (MU).

Company Calendar

• Last Earnings: 7/18/2024
• Today: 9/23/2024
• Fiscal Year End: 9/30/2024
• Next Earnings (Confirmed): 10/29/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate
• Sub-Industry: Real Estate Development
• Current Symbol: NYSE:FOR
• CUSIP: 34623310
• CIK: 1406587
• Web: www.forestar.com
• Phone: (817) 769-1860
• Fax: 302-636-5454
• Employees: 376
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $38.67
• High Stock Price Target: $43.00
• Low Stock Price Target: $36.00
• Potential Upside/Downside: +15.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.02
• Trailing P/E Ratio: 8.30
• Forward P/E Ratio: 8.97
• P/E Growth: N/A
• Net Income: $166.90 million
• Net Margins: 12.89%
• Pretax Margin: 17.05%
• Return on Equity: 13.48%
• Return on Assets: 7.56%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 1.50
• Quick Ratio: 1.50

Sales & Book Value

• Annual Sales: $1.51 billion
• Price / Sales: 1.12
• Cash Flow: $3.75 per share
• Price / Cash Flow: 8.91
• Book Value: $27.45 per share
• Price / Book: 1.22

Miscellaneous

• Outstanding Shares: 50,603,000
• Free Float: 50,355,000
• Market Cap: $1.69 billion
• Optionable: Optionable
• Beta: 1.76