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

Moody Aldrich Partners LLC grew its stake in shares of Forestar Group Inc (NYSE:FOR) by 19.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 123,949 shares of the oil and gas exploration company’s stock after acquiring an additional 20,282 shares during the quarter. Moody Aldrich Partners LLC owned about 0.24% of Forestar Group worth $2,479,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FOR. Signaturefd LLC raised its stake in Forestar Group by 43.1% in the second quarter. Signaturefd LLC now owns 2,166 shares of the oil and gas exploration company’s stock valued at $43,000 after purchasing an additional 652 shares in the last quarter. Invesco Ltd. increased its holdings in Forestar Group by 3.7% in the 1st quarter. Invesco Ltd. now owns 39,557 shares of the oil and gas exploration company’s stock valued at $836,000 after buying an additional 1,423 shares during the period. NewEdge Advisors LLC raised its position in shares of Forestar Group by 63.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,829 shares of the oil and gas exploration company’s stock valued at $102,000 after buying an additional 1,879 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of 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 acquiring an additional 2,485 shares during the period. Finally, Total Wealth Planning & Management Inc. lifted its holdings in shares of Forestar Group by 16.5% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 22,257 shares of the oil and gas exploration company’s stock worth $445,000 after acquiring an additional 3,146 shares during the period. Institutional investors own 35.50% of the company’s stock.

Wall Street Analysts Forecast Growth

FOR has been the subject of several research analyst reports. Citizens Jmp boosted their price objective on shares of Forestar Group from $30.00 to $35.00 and gave the company a “market outperform” rating in a research report on Wednesday. JMP Securities set a $35.00 price target on Forestar Group in a research note on Wednesday. Zacks Research upgraded Forestar Group from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Forestar Group in a research note on Wednesday, October 8th. Finally, Citigroup boosted their target price on Forestar Group from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Forestar Group Trading Down 3.2%

Shares of FOR stock opened at $26.21 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 7.97 and a beta of 1.44. Forestar Group Inc has a twelve month low of $18.00 and a twelve month high of $33.06. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $26.81 and its 200 day simple moving average is $23.38.

Forestar Group (NYSE:FOR) last posted its earnings results on Tuesday, October 28th. The oil and gas exploration company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.17 by $0.53. The firm had revenue of $670.50 million during 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 quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. Forestar Group has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Forestar Group Inc will post 3.44 EPS for the current fiscal 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.