Forestar Group
About: Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates all of it's revenues. The firm fundamentally acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company utilizes a lower-risk business model mainly by investing in short duration, phased development projects.
Employees: 427
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
225% more call options, than puts
Call options by funds: $117K | Put options by funds: $36K
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
7% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 54
0.08% more ownership
Funds ownership: 35.46% [Q3] → 35.54% (+0.08%) [Q4]
1% less funds holding
Funds holding: 170 [Q3] → 168 (-2) [Q4]
20% less capital invested
Capital invested by funds: $582M [Q3] → $467M (-$115M) [Q4]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
32%
upside
Avg. target
$31
36%
upside
High target
$32
41%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
JP Morgan Michael Rehaut 59% 1-year accuracy 10 / 17 met price target | 32%upside $30 | Neutral Maintained | 28 Jan 2025 |
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target | 41%upside $32 | Buy Maintained | 23 Jan 2025 |
Financial journalist opinion
Neutral
Business Wire
1 week ago
Forestar Group Inc. to Release 2025 Second Quarter Earnings on April 17, 2025
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that the Company will release financial results for its second quarter ended March 31, 2025 on Thursday, April 17, 2025.
Neutral
Seeking Alpha
1 month ago
Forestar Group Inc. (FOR) Q1 2025 Earnings Call Transcript
Forestar Group Inc. (NYSE:FOR ) Q1 2025 Results Conference Call January 21, 2025 11:00 AM ET Company Participants Chris Hibbetts - Vice President of Finance & Investor Relations Andy Oxley - President and CEO Jim Allen - Chief Financial Officer Mark Walker - Chief Operating Officer Conference Call Participants Carl Reichardt - BTIG Asher Sohnen - Citigroup Operator Good morning, and welcome to Forestar's First Quarter 2025 Earnings Conference Call. [Operator Instructions].
Neutral
Business Wire
1 month ago
Forestar Reports Fiscal 2025 First Quarter Results
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported net income of $16.5 million or $0.32 per diluted share in its first fiscal quarter of 2025.
Positive
Benzinga
1 month ago
Top 3 Real Estate Stocks That May Rocket Higher This Quarter
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
Positive
Seeking Alpha
2 months ago
Forestar Group: Capitalizing On Lot Supply Constraints And Strong Market Demand
Forestar is poised to benefit from persistent residential housing shortage and a favorable interest rate environment, driving demand for residential lots and land sales. The company has shown impressive growth, with a 22% increase in net income for FY'24, driven by increased lot sales and strategic market expansion. The company's strong financial position, minimal leverage, and substantial liquidity provide a solid foundation for future growth and shareholder returns.
Neutral
Business Wire
2 months ago
Forestar Group Inc. to Release 2025 First Quarter Earnings on January 21, 2025
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that the Company will release financial results for its first quarter ended December 31, 2024 on Tuesday, January 21, 2025.
Neutral
Seeking Alpha
3 months ago
Forestar Group Inc. (FOR) Q4 2024 Earnings Conference Call Transcript
Forestar Group Inc. (NYSE:FOR ) Q4 2024 Earnings Conference Call October 29, 2024 11:00 AM ET Company Participants Katie Smith - Director of Finance and IR Andy Oxley - President and CEO Jim Allen - CFO Mark Walker - COO Conference Call Participants Carl Reichardt - BTIG Asher Sohnen - Citigroup Trevor Allinson - Wolfe Research Alex Barron - Housing Research Center Operator Good morning, and welcome to Forestar's Fourth Quarter and Fiscal 2024 Earnings Conference Call. At this time all participants are in a listen-on mod, and we will open for questions following the presentation.
Neutral
Business Wire
3 months ago
Forestar Reports Fourth Quarter and Fiscal 2024 Results
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its fourth quarter and fiscal year ended September 30, 2024. Fiscal 2024 Fourth Quarter Highlights All comparisons are year-over-year Net income increased 13% to $81.6 million or $1.60 per diluted share Pre-tax income increased 14% to $108.5 million, with a pre-tax profit margin of 19.7% Revenues of $551.4 million on 5,374 lots sold.
Positive
Zacks Investment Research
4 months ago
3 Real Estate Development Stocks to Consider as Fundamentals Rebound
Interest rate cut and healthy demand for certain real estate categories poise Real Estate Development industry players like HHH, GRBK and FOR well for growth.
Positive
Seeking Alpha
5 months ago
Forestar Group: Benefitting From Constraints On Residential Lot Supply
Forestar Group is well-positioned to benefit from persistent residential housing shortage and a favorable interest rate environment, driving demand for residential lots and land sales. The company aims to double its market share to 5% by leveraging its national footprint and strategic relationship with D.R. Horton, but also with other builders too. Forestar's disciplined focus on return on equity and selective project underwriting enhances profitability and minimizes risk, ensuring high-quality developments.
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