Forestar Group Inc. (FOR)

Forestar Group's stock (FOR) has experienced an upward trend, increasing by 23.25% in the past six months, with a 52-week stock price range between $18.00 and $29.44. The company's Q4 2024 revenues remained flat year-over-year at $551.4 million, with full-year revenue reaching $1.51 billion, and net income for the quarter was $81.6 million, translating to $1.60 earnings per share (EPS), surpassing analyst estimates. Analyst sentiment for FOR is generally positive, with an average rating of "Moderate Buy" and an average price target of $32.00 as of January 13, 2026. Institutional ownership has seen changes, with some firms increasing their positions and others decreasing their holdings.

Demand for Forestar Group's products and services is influenced by broader housing market dynamics, such as the availability of mortgage credit, job growth, and fluctuations in commodity prices. The company's business model is designed to mitigate some of these fluctuations by focusing on short-duration, phased development projects. Forestar strategically targets MSAs with strong annual job and population growth, indicating a focus on areas with consistent housing demand. The company is well-positioned to benefit from the persistent residential housing shortage and a favorable interest rate environment.

Forestar Group, Inc. is a residential lot development company that acquires entitled real estate and develops it into finished residential lots for sale to homebuilders, operating within the Real Estate sector and specializing in single-family residential real estate. The company focuses on the affordably priced single-family home market, marketing finished single-family residential lots and some communities to build-to-rent operators. Forestar is a majority-owned subsidiary of D.R. Horton, Inc.

Forestar Group, Inc. has a broad geographic presence across the United States, with operations in 64 markets across 23 states as of September 30, 2025. Its strongest market share is concentrated in Texas, Florida, Arizona, and the Carolinas, which accounted for over 65% of its lot deliveries in fiscal year 2024. The company strategically targets metropolitan statistical areas (MSAs) with annual job growth exceeding 1.5% and population growth over 2%. Forestar Group, Inc. is headquartered in Arlington, Texas.

Forestar Group, Inc. has maintained a strong reputation, bolstered by its strategic partnership with D.R. Horton, and is consistently highlighted as a "leading force in the residential lot development sector." Its robust financial position, disciplined investment approach, and diversified geographic presence contribute to its positive standing. While the company's shares experienced a significant drop since March 2024, insider buying and a credit rating upgrade occurred during this period, which are generally positive indicators for reputation.

Forestar Group, Inc. is a majority-owned subsidiary of D.R. Horton, Inc., which has been the largest homebuilder by volume in the United States since 2002. As of December 31, 2024, D.R. Horton owned approximately 62% of Forestar's outstanding common stock. Major institutional owners of Forestar Group, Inc. include a diverse range of investment firms such as JPMorgan Chase & Co., Jacobs Levy Equity Management Inc., and Caitong International Asset Management Co. Ltd.