Streetbeat News

FOR

Forestar Group Inc.

https://www.forestar.com

Industry

Real Estate - Development

Forestar Group Inc. operates as a residential lot development company in the United States. The acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to homebuilders. The company is headquartered in Arlington, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc.

Open

28.26

Mkt cap

1.4B

Volume

99K

High

28.33

P/E Ratio

6.96

52-wk high

40.92

Low

27.36

Div yield

N/A

52-wk low

27.36

Forestar Group is set to benefit from a residential housing shortage and favorable interest rates, leading to increased demand for residential lots and land sales. The company reported a 22% increase in net income for FY'24, supported by strategic market expansion and strong financials.

Portfolio Pulse from

December 14, 2024 | 12:30 pm

Forestar Group Inc. and D.R. Horton, Inc. have entered into an Amended and Restated Stockholder's Agreement, increasing the approval threshold for capital expenditures from $20 million to $45 million. D.R. Horton owns approximately 62% of Forestar's outstanding common stock.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:43 pm

Forestar Group has projected its FY2025 sales to be between $1.600 billion and $1.650 billion, slightly below the market estimate of $1.65 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:50 am

Forestar Group reported Q4 2024 earnings per share of $1.51, surpassing the analyst estimate of $1.31 by 15.27%. The company's sales were $551.4 million, exceeding the expected $503.759 million by 9.46%.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:39 am

Forestar Group has filed for a mixed shelf offering of up to $750 million, according to an SEC filing. This move allows the company to issue various types of securities, which could be used for general corporate purposes, debt repayment, or other strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:28 pm

Forestar Group (NYSE:FOR) has been analyzed by 4 analysts, revealing a mix of bullish and bearish sentiments. The average 12-month price target is $40.5, with a high of $46.00 and a low of $36.00. Recent ratings show a decline in the average price target from $42.12. Analysts from JP Morgan, BTIG, and Citigroup have adjusted their ratings and price targets, reflecting evolving market conditions and company performance.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 4:00 pm

JP Morgan analyst Michael Rehaut maintains a Neutral rating on Forestar Group (NYSE:FOR) but lowers the price target from $37.5 to $36.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:25 pm

BTIG analyst Ryan Gilbert maintains a Buy rating on Forestar Group (NYSE:FOR) but lowers the price target from $41 to $37.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:57 pm

Domino's Pizza shares fell over 11% after reporting mixed quarterly results, missing sales estimates and suspending its guidance on global net store growth. Other notable stock movements include significant gains for Onconetix, Silo Pharma, and Chuy's Holdings, and sharp declines for Agenus, Leslie's, and Alaunos Therapeutics.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 5:19 pm

Forestar Group (FOR) has provided its fiscal 2024 revenue guidance, expecting to generate between $1.4 billion and $1.5 billion, slightly below the consensus of $1.505 billion. The company also anticipates delivering between 14,600 and 15,100 lots, adjusting its previous guidance of 14,500 to 15,500 lots.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:37 am

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