Moody Aldrich Partners LLC Has $2.48 Million Holdings in Forestar Group Inc $FOR

Moody Aldrich Partners LLC grew its position in shares of Forestar Group Inc (NYSE:FOR) by 19.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,949 shares of the oil and gas exploration company’s stock after purchasing an additional 20,282 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Forestar Group were worth $2,479,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in Forestar Group by 50.8% in the first quarter. Millennium Management LLC now owns 489,230 shares of the oil and gas exploration company’s stock valued at $10,342,000 after buying an additional 164,753 shares during the period. Nuveen LLC acquired a new stake in Forestar Group during the first quarter worth approximately $3,123,000. Royal Bank of Canada increased its holdings in Forestar Group by 27.6% in the first quarter. Royal Bank of Canada now owns 487,582 shares of the oil and gas exploration company’s stock worth $10,308,000 after purchasing an additional 105,361 shares in the last quarter. Heartland Advisors Inc. increased its holdings in Forestar Group by 25.3% in the first quarter. Heartland Advisors Inc. now owns 491,900 shares of the oil and gas exploration company’s stock worth $10,399,000 after purchasing an additional 99,300 shares in the last quarter. Finally, Palogic Value Management L.P. acquired a new position in Forestar Group in the first quarter valued at approximately $1,374,000. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FOR shares. Citigroup boosted 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. Zacks Research raised shares of Forestar Group from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Citizens Jmp raised their target price on Forestar Group from $30.00 to $35.00 and gave the company a “market outperform” rating in a research note on Wednesday. JMP Securities set a $35.00 price target on Forestar Group in a research note on Wednesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Forestar Group in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.00.

Forestar Group Stock Down 3.2%

Forestar Group stock opened at $26.21 on Friday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.97 and a beta of 1.44. The firm’s fifty day moving average price is $26.81 and its two-hundred day moving average price is $23.38. Forestar Group Inc has a 1-year low of $18.00 and a 1-year high of $33.06. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45.

Forestar Group (NYSE:FOR) last posted its 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 company had revenue of $670.50 million for the quarter, compared to analyst estimates of $556.59 million. Forestar Group had a net margin of 10.11% and a return on equity of 10.08%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 EPS. Forestar Group has set its FY 2026 guidance at EPS. On average, equities research analysts predict that Forestar Group Inc will post 3.44 earnings per share for the current fiscal year.

About Forestar Group

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.