11,110 Shares in Forestar Group Inc $FOR Acquired by Savant Capital LLC

Savant Capital LLC purchased a new stake in Forestar Group Inc (NYSE:FOR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,110 shares of the oil and gas exploration company’s stock, valued at approximately $222,000.

Several other large investors also recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of Forestar Group by 119.1% during the first quarter. Signaturefd LLC now owns 1,514 shares of the oil and gas exploration company’s stock worth $32,000 after acquiring an additional 823 shares during the period. Parallel Advisors LLC increased its holdings in Forestar Group by 237.1% during the 2nd quarter. Parallel Advisors LLC now owns 3,533 shares of the oil and gas exploration company’s stock worth $71,000 after purchasing an additional 2,485 shares in the last quarter. Strs Ohio acquired a new stake in shares of Forestar Group in the 1st quarter valued at about $74,000. NewEdge Advisors LLC lifted its holdings in shares of Forestar Group by 63.7% in the first quarter. NewEdge Advisors LLC now owns 4,829 shares of the oil and gas exploration company’s stock valued at $102,000 after purchasing an additional 1,879 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of Forestar Group during the first quarter worth about $214,000. Institutional investors own 35.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FOR shares. Citizens Jmp lifted their target price on Forestar Group from $30.00 to $35.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Forestar Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Forestar Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Citigroup raised their target price on shares of Forestar Group from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Forestar Group from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Forestar Group Stock Down 0.7%

Shares of FOR stock opened at $23.03 on Thursday. Forestar Group Inc has a 52-week low of $18.00 and a 52-week high of $31.19. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 7.00 and a beta of 1.43. The firm’s 50-day moving average is $25.85 and its 200-day moving average is $23.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 1.33.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.53. The firm had revenue of $670.50 million for the quarter, compared to the consensus estimate of $556.59 million. Forestar Group had a return on equity of 10.08% and a net margin of 10.11%.The business’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. Forestar Group has set its FY 2026 guidance at EPS. Sell-side analysts predict that Forestar Group Inc will post 3.44 EPS for the current year.

Forestar Group 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.