JBF Capital Inc. Acquires New Stake in Forestar Group Inc $FOR

JBF Capital Inc. bought a new position in Forestar Group Inc (NYSE:FOR) in the second quarter, Holdings Channel.com reports. The fund bought 10,000 shares of the oil and gas exploration company’s stock, valued at approximately $200,000.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Forestar Group by 3,273.8% in the 2nd quarter. Allworth Financial LP now owns 1,417 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 1,375 shares in the last quarter. Signaturefd LLC grew its holdings in Forestar Group by 119.1% during the first quarter. Signaturefd LLC now owns 1,514 shares of the oil and gas exploration company’s stock worth $32,000 after acquiring an additional 823 shares during the period. Parallel Advisors LLC raised its position in Forestar Group by 237.1% in the second 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 in the last quarter. Strs Ohio acquired a new stake in Forestar Group in the 1st quarter valued at about $74,000. Finally, NewEdge Advisors LLC lifted its holdings in 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 acquiring an additional 1,879 shares during the last quarter. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FOR. Citizens Jmp lifted their price objective on shares of Forestar Group from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 29th. JMP Securities set a $35.00 price target on shares of Forestar Group in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Forestar Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on Forestar Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Zacks Research raised Forestar Group from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Forestar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Forestar Group Trading Down 0.2%

Forestar Group stock opened at $24.43 on Friday. Forestar Group Inc has a 52 week low of $18.00 and a 52 week high of $31.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 1.33. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.42 and a beta of 1.43. The company has a 50 day moving average price of $26.13 and a 200 day moving average price of $23.80.

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