Principal Financial Group Inc. Buys New Position in Forestar Group Inc $FOR

Posted by Brenda Bartman on Aug 1st, 2026

Principal Financial Group Inc. bought a new stake in Forestar Group Inc (NYSE:FOR – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,689 shares of the oil and gas exploration company’s stock, valued at approximately $677,000. Principal Financial Group Inc. owned approximately 0.05% of Forestar Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of FOR. Fifth Third Bancorp bought a new position in shares of Forestar Group during the 1st quarter worth approximately $31,000. Lee Danner & Bass Inc. bought a new stake in shares of Forestar Group in the first quarter worth $654,000. New York State Teachers Retirement System bought a new stake in shares of Forestar Group in the first quarter worth $44,000. Janney Montgomery Scott LLC acquired a new position in Forestar Group during the first quarter worth $557,000. Finally, Corient Private Wealth LLC acquired a new position in Forestar Group during the fourth quarter worth $225,000. Institutional investors and hedge funds own 35.50% of the company’s stock.

Forestar Group Trading Down 2.3%

NYSE FOR opened at $28.10 on Friday. Forestar Group Inc has a 12 month low of $22.81 and a 12 month high of $32.06. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $29.13 and a 200-day moving average of $27.61. The company has a market cap of $1.43 billion, a PE ratio of 8.44 and a beta of 1.39.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Forestar Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Citizens Jmp restated a “market outperform” rating and set a $35.00 price objective on shares of Forestar Group in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.67.

View Our Latest Analysis on FOR

Forestar Group Profile

(Free Report)

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.