Real Estate -
Real Estate - Development - NYSE - US
$ 26.79
-1.72 %
$ 1.36 B
Market Cap
6.7
P/E
1. INTRINSIC VALUE
Balance Sheet
Forestar Group Inc.
| Current Assets | 555 M |
| Cash & Short-Term Investments | 481 M |
| Receivables | 37.3 M |
| Other Current Assets | 36.6 M |
| Non-Current Assets | 7.1 M |
| Long-Term Investments | 0 |
| PP&E | 7.1 M |
| Other Non-Current Assets | 0 |
| Current Liabilities | 455 M |
| Accounts Payable | 85.9 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 369 M |
| Non-Current Liabilities | 790 M |
| Long-Term Debt | 717 M |
| Other Non-Current Liabilities | 73.2 M |
EFFICIENCY
Earnings Waterfall
Forestar Group Inc.
| Revenue | 1.51 B |
| Cost Of Revenue | 1.15 B |
| Gross Profit | 359 M |
| Operating Expenses | 118 M |
| Operating Income | 241 M |
| Other Expenses | 37.4 M |
| Net Income | 203 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Forestar Group Inc.
| Net Income | 203 M |
| Depreciation & Amortization | 3 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 5.3 M |
| Change in Working Capital | -382 M |
| Others | -412 M |
| Free Cash Flow | -158 M |
Wall Street Analysts Price Targets
Forestar Group Inc.
Wall Street analysts predict an average 1-year price target for FOR of $29.6 , with forecasts ranging from
a
low of
$13.5 to a high of $40 .
FOR Lowest Price Target
Wall Street Target
13.5 USD
-49.61%
FOR Average Price Target
Wall Street Target
29.6 USD
10.58%
FOR Highest Price Target
Wall Street Target
40 USD
49.31%
4. DIVIDEND
ANALYSIS
FOR does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Forestar Group Inc.
Sold
0-3 MONTHS
19.9 K USD 1
3-6 MONTHS
162 K USD 2
6-9 MONTHS
62.8 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
100 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 month ago
Nov 21, 2024
|
Sell 19.9 K
USD
|
Parmer Elizabeth
Director
|
- 680
|
29.3345 USD |
|
3 months ago
Sep 27, 2024
|
Sell 65.2 K
USD
|
Ringler G.F. (Rick) III
Director
|
- 2000
|
32.5801 USD |
|
5 months ago
Aug 06, 2024
|
Sell 23.2 K
USD
|
Parmer Elizabeth
Director
|
- 798
|
29.09 USD |
|
5 months ago
Jul 29, 2024
|
Sell 24 K
USD
|
Parmer Elizabeth
Director
|
- 750
|
32.05 USD |
|
5 months ago
Jul 23, 2024
|
Sell 49.9 K
USD
|
Parmer Elizabeth
Director
|
- 1547
|
32.24 USD |
|
6 months ago
Jun 27, 2024
|
Sell 62.8 K
USD
|
Ringler G.F. (Rick) III
Director
|
- 2000
|
31.3778 USD |
|
8 months ago
Apr 24, 2024
|
Bought
100 K USD
|
Oxley Anthony W
Chief Executive Officer
|
+ 3210
|
31.1499 USD |
|
1 year ago
Dec 27, 2023
|
Sell 34.2 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 1000
|
34.225 USD |
|
1 year ago
Dec 20, 2023
|
Sell 33 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 949
|
34.75 USD |
|
1 year ago
Dec 15, 2023
|
Sell 66.5 K
USD
|
Ringler G.F. (Rick) III
Director
|
- 2000
|
33.2374 USD |
|
1 year ago
Dec 13, 2023
|
Sell 168 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 5300
|
31.676 USD |
|
1 year ago
Dec 12, 2023
|
Sell 235 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 7555
|
31.1156 USD |
|
1 year ago
Dec 07, 2023
|
Sell 124 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 4000
|
30.92 USD |
|
1 year ago
Dec 08, 2023
|
Sell 188 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 6000
|
31.3686 USD |
|
1 year ago
Dec 05, 2023
|
Sell 68.9 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 2202
|
31.3 USD |
|
1 year ago
Dec 01, 2023
|
Sell 617 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 19816
|
31.1177 USD |
|
1 year ago
Nov 29, 2023
|
Sell 256 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 8120
|
31.5171 USD |
|
1 year ago
Nov 30, 2023
|
Sell 154 K
USD
|
BARTOK DANIEL C
Chief Executive Officer
|
- 5000
|
30.8227 USD |
|
1 year ago
May 11, 2023
|
Sell 40.2 K
USD
|
Ringler G.F. (Rick) III
Director
|
- 2000
|
20.1189 USD |
|
2 years ago
Dec 19, 2022
|
Sell 45.5 K
USD
|
Ringler G.F. (Rick) III
Director
|
- 3000
|
15.1664 USD |
|
2 years ago
Sep 22, 2022
|
Bought
23 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 2000
|
11.5 USD |
|
2 years ago
Aug 30, 2022
|
Bought
22.9 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1800
|
12.73 USD |
|
2 years ago
Aug 26, 2022
|
Bought
19 K USD
|
Allen James Douglas
Chief Financial Officer
|
+ 1500
|
12.65 USD |
|
2 years ago
Jul 27, 2022
|
Bought
20.2 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1500
|
13.5 USD |
|
2 years ago
Feb 23, 2022
|
Bought
18 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1000
|
18 USD |
|
2 years ago
Feb 23, 2022
|
Bought
18 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1000
|
18 USD |
|
2 years ago
Jan 31, 2022
|
Bought
39.5 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 2000
|
19.7625 USD |
|
3 years ago
Dec 20, 2021
|
Sell 40.5 K
USD
|
Ringler G.F. (Rick) III
Director
|
- 2000
|
20.24 USD |
|
3 years ago
Dec 16, 2021
|
Sell 53.9 K
USD
|
Jamieson Lisa H.
Director
|
- 2500
|
21.56 USD |
|
3 years ago
Aug 19, 2021
|
Bought
23.4 K USD
|
Allen James Douglas
Chief Financial Officer
|
+ 1200
|
19.54 USD |
|
3 years ago
Aug 17, 2021
|
Bought
20.2 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1000
|
20.15 USD |
|
3 years ago
Aug 17, 2021
|
Bought
20.2 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1000
|
20.15 USD |
|
3 years ago
Jun 28, 2021
|
Bought
37 K USD
|
Allen James Douglas
Chief Financial Officer
|
+ 1800
|
20.53 USD |
|
3 years ago
Jun 25, 2021
|
Bought
37.4 K USD
|
Allen James Douglas
Chief Financial Officer
|
+ 1800
|
20.77 USD |
|
4 years ago
Dec 28, 2020
|
Sell 42 K
USD
|
Ringler G.F. (Rick) III
Director
|
- 2000
|
21.016 USD |
|
4 years ago
Jun 12, 2020
|
Bought
74.9 K USD
|
Allen James Douglas
Chief Financial Officer
|
+ 5200
|
14.4099 USD |
|
4 years ago
Mar 17, 2020
|
Bought
2.85 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 250
|
11.4 USD |
|
4 years ago
Mar 13, 2020
|
Bought
6.62 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 500
|
13.25 USD |
|
4 years ago
Mar 13, 2020
|
Bought
6.62 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 500
|
13.25 USD |
|
5 years ago
Nov 25, 2019
|
Sell 41.8 K
USD
|
Ringler G.F. (Rick) III
Director
|
- 2000
|
20.882 USD |
|
5 years ago
Jun 17, 2019
|
Bought
8.88 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 500
|
17.75 USD |
|
6 years ago
Dec 20, 2018
|
Bought
14.5 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1000
|
14.5 USD |
|
6 years ago
Dec 18, 2018
|
Bought
329 K USD
|
HUDSON M ASHTON
Director
|
+ 25000
|
13.15 USD |
|
6 years ago
Dec 13, 2018
|
Bought
14 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1000
|
13.9929 USD |
|
6 years ago
Nov 29, 2018
|
Bought
15.8 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1000
|
15.81 USD |
|
6 years ago
Nov 27, 2018
|
Bought
14.6 K USD
|
TOMNITZ DONALD J
Chairman
|
+ 915
|
16.01 USD |
|
6 years ago
Nov 27, 2018
|
Bought
14.6 K USD
|
TOMNITZ DONALD J
Chairman
|
+ 915
|
16.01 USD |
|
6 years ago
Nov 27, 2018
|
Bought
48.6 K USD
|
TOMNITZ DONALD J
Chairman
|
+ 3000
|
16.19 USD |
|
6 years ago
Nov 27, 2018
|
Bought
48.6 K USD
|
TOMNITZ DONALD J
Chairman
|
+ 3000
|
16.19 USD |
|
6 years ago
Jun 19, 2018
|
Bought
11 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 500
|
22 USD |
|
6 years ago
Jun 18, 2018
|
Bought
11.2 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 500
|
22.5 USD |
|
6 years ago
Jun 15, 2018
|
Bought
102 K USD
|
TOMNITZ DONALD J
Executive Chairman
|
+ 4500
|
22.75 USD |
|
6 years ago
May 17, 2018
|
Bought
56.4 K USD
|
TOMNITZ DONALD J
Executive Chairman
|
+ 2500
|
22.55 USD |
|
6 years ago
May 16, 2018
|
Bought
44 K USD
|
TOMNITZ DONALD J
Executive Chairman
|
+ 2000
|
22 USD |
|
6 years ago
May 14, 2018
|
Bought
11 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 500
|
22 USD |
|
6 years ago
Mar 07, 2018
|
Bought
23.4 K USD
|
BARTOK DANIEL C
Chief Executive Officer
|
+ 1000
|
23.43 USD |
|
6 years ago
Mar 06, 2018
|
Bought
48.2 K USD
|
TOMNITZ DONALD J
Executive Chairman
|
+ 2000
|
24.08 USD |
|
6 years ago
Mar 05, 2018
|
Bought
48.5 K USD
|
TOMNITZ DONALD J
Executive Chairman
|
+ 2000
|
24.25 USD |
|
8 years ago
Mar 08, 2016
|
Bought
27.3 K USD
|
Squires Richard D.
Director
|
+ 2500
|
10.91 USD |
|
8 years ago
Mar 07, 2016
|
Bought
27.4 K USD
|
Squires Richard D.
Director
|
+ 2500
|
10.98 USD |
|
10 years ago
Nov 13, 2014
|
Sell 23.3 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 1333
|
17.47 USD |
|
10 years ago
Aug 20, 2014
|
Sell 349 K
USD
|
Nines Christopher L
Chief Financial Officer
|
- 17703
|
19.7 USD |
|
11 years ago
May 10, 2013
|
Sell 231 K
USD
|
WEBER PHILLIP J
Executive Vice President
|
- 9604
|
24.07 USD |
|
11 years ago
May 10, 2013
|
Sell 297 K
USD
|
WEBER PHILLIP J
Executive Vice President
|
- 12364
|
24.01 USD |
|
11 years ago
May 10, 2013
|
Sell 177 K
USD
|
WEBER PHILLIP J
Executive Vice President
|
- 7376
|
24.05 USD |
|
13 years ago
Nov 16, 2011
|
Sell 9.99 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 665
|
15.02 USD |
|
13 years ago
Nov 14, 2011
|
Sell 10.1 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 666
|
15.2 USD |
|
13 years ago
Sep 16, 2011
|
Bought
200 K USD
|
DeCosmo James M
CEO - President
|
+ 17000
|
11.77 USD |
|
14 years ago
Nov 23, 2010
|
Sell 54.7 K
USD
|
BRILL LOUIS
Director
|
- 3020
|
18.1 USD |
|
14 years ago
Nov 23, 2010
|
Sell 15.1 K
USD
|
Knight Craig A
Chief Real Estate Officer
|
- 833
|
18.125 USD |
|
15 years ago
Dec 08, 2009
|
Sell 54.5 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 2866
|
19 USD |
|
15 years ago
Dec 08, 2009
|
Sell 1.9 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 100
|
19.01 USD |
|
15 years ago
Dec 08, 2009
|
Sell 5.7 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 300
|
19.01 USD |
|
15 years ago
Dec 08, 2009
|
Sell 5.71 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 300
|
19.03 USD |
|
15 years ago
Dec 08, 2009
|
Sell 1.9 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 100
|
19.05 USD |
|
15 years ago
Dec 08, 2009
|
Sell 1.9 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 100
|
19.05 USD |
|
15 years ago
Dec 08, 2009
|
Sell 51.5 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 2700
|
19.07 USD |
|
15 years ago
Dec 08, 2009
|
Sell 1.91 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 100
|
19.09 USD |
|
15 years ago
Dec 08, 2009
|
Sell 1.91 K
USD
|
JOHNSON JAMES A /DC/
Director
|
- 100
|
19.11 USD |
|
16 years ago
Sep 24, 2008
|
Bought
31.8 K USD
|
Knight Craig A
Chief Investment Officer
|
+ 2000
|
15.89 USD |
|
16 years ago
Sep 18, 2008
|
Bought
14.7 K USD
|
Grimm David M
Chief Administrative Officer
|
+ 1000
|
14.72 USD |
|
16 years ago
Sep 17, 2008
|
Bought
37.2 K USD
|
DeCosmo James M
CEO - President
|
+ 2500
|
14.86 USD |
|
16 years ago
Sep 16, 2008
|
Bought
31.9 K USD
|
Nines Christopher L
Chief Financial Officer
|
+ 2000
|
15.95 USD |
|
16 years ago
Aug 11, 2008
|
Bought
49.9 K USD
|
DeCosmo James M
CEO - President
|
+ 2700
|
18.49 USD |
|
16 years ago
Feb 20, 2008
|
Bought
138 K USD
|
DOUGHERTY MICHAEL E
Director
|
+ 5000
|
27.7 USD |
|
16 years ago
Feb 19, 2008
|
Bought
13.7 K USD
|
DOUGHERTY MICHAEL E
Director
|
+ 500
|
27.49 USD |
7. News
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.
seekingalpha.com
- 1 month 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.
businesswire.com
- 1 month 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.
seekingalpha.com
- 2 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.
businesswire.com
- 2 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.
zacks.com
- 3 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.
seekingalpha.com
- 3 months ago
Why Forestar Group Stock Is Down Today
Forestar missed top- and bottom-line estimates in the quarter. The company is building its inventory of lots ahead of an eventual recovery in the homebuilding market.
fool.com
- 6 months ago
Forestar Group (FOR) Q3 Earnings and Revenues Miss Estimates
Forestar Group (FOR) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.93 per share a year ago.
zacks.com
- 6 months ago
Zacks Industry Outlook Howard Hughes, Green Brick Partners and Forestar
Howard Hughes, Green Brick Partners and Forestar have been highlighted in this Industry Outlook article.
zacks.com
- 6 months ago
3 Real Estate Development Stocks to Consider Despite Industry Woes
Despite a high interest rate environment, recovery in demand for certain real estate categories and constrained supply poise Real Estate Development industry players like HHH, GRBK and FOR well for growth.
zacks.com
- 6 months ago
Forestar: Underappreciated, With A Proven Business Model
Forestar Group Inc. targets double digit returns through land acquisition with significant cash and expertise, supported by financing from D.R. Horton. Given the previous unlevered FCF growth, management outlook, planned land acquisition in 2024, and my previous assumptions, I expect FCF close to $192 million in 2025. FOR recently reported constrained lot supply in the United States, which, in my view, may benefit its business model.
seekingalpha.com
- 6 months ago
Forestar to Release 2024 Third Quarter Earnings on July 18, 2024
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that it will release financial results for its third quarter ended June 30, 2024 on Thursday, July 18, 2024.
businesswire.com
- 7 months ago
8. Profile
Summary
Forestar Group Inc. FOR
COUNTRY
US
INDUSTRY
Real Estate - Development
MARKET CAP
$ 1.36 B
Dividend Yield
0.00%
Description
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.
Contact
2221 East Lamar Boulevard, Arlington, TX, 76006
https://www.forestar.com
IPO
Date
Dec. 13, 2007
Employees
376
Officers
Mr. James D. Allen CPA
Executive Vice President, Chief Financial Officer & Treasurer
Ms. Ashley Dagley
Senior Vice President of Governance, Risk & Securities and Corporate Secretary
Mr. Anthony W. Oxley
President & Chief Executive Officer
Mr. Mark Stephen Walker
Executive Vice President & Chief Operating Officer
Ms. Katie Smith
Director of Finance & Investor Relations
Mr. Daniel C. Bartok
Consultant
Mr. Donald J. Tomnitz
Executive Chairman of the Board