Palogic Value Management L.P. Purchases 19,612 Shares of Forestar Group Inc $FOR

Palogic Value Management L.P. increased its position in Forestar Group Inc (NYSE:FOR) by 30.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 84,612 shares of the oil and gas exploration company’s stock after buying an additional 19,612 shares during the period. Palogic Value Management L.P. owned about 0.17% of Forestar Group worth $1,692,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MQS Management LLC bought a new position in Forestar Group in the 1st quarter worth $379,000. Royal Bank of Canada boosted its holdings in Forestar Group by 27.6% in the 1st quarter. Royal Bank of Canada now owns 487,582 shares of the oil and gas exploration company’s stock worth $10,308,000 after buying an additional 105,361 shares during the period. New York State Common Retirement Fund boosted its holdings in Forestar Group by 19.0% in the 1st quarter. New York State Common Retirement Fund now owns 89,581 shares of the oil and gas exploration company’s stock worth $1,894,000 after buying an additional 14,300 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in Forestar Group by 55.2% in the 1st quarter. KLP Kapitalforvaltning AS now owns 29,800 shares of the oil and gas exploration company’s stock worth $630,000 after buying an additional 10,600 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Forestar Group by 8.2% in the 1st quarter. American Century Companies Inc. now owns 632,145 shares of the oil and gas exploration company’s stock worth $13,364,000 after buying an additional 47,923 shares during the period. Institutional investors own 35.50% of the company’s stock.

Forestar Group Stock Down 0.2%

FOR opened at $26.14 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 0.45. Forestar Group Inc has a 52 week low of $18.00 and a 52 week high of $33.06. The firm has a 50-day simple moving average of $26.76 and a two-hundred day simple moving average of $23.45. The company has a market capitalization of $1.33 billion, a PE ratio of 7.95 and a beta of 1.44.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on FOR. JMP Securities set a $35.00 target price on shares of Forestar Group in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Forestar Group in a report on Wednesday, October 8th. Citigroup increased their price objective on shares of Forestar Group from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research raised shares of Forestar Group from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Citizens Jmp increased their price objective on shares of Forestar Group from $30.00 to $35.00 and gave the company a “market outperform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

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.