Forestar (FOR)

Company Profile

Forestar Group Inc. is a residential lot development company with operations in 49 markets in 21 states at September 30, 2020 and is a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002.

Company profile

Ticker

FOR

Exchange

NYSE

Website

www.forestargroup.com

CEO

Phillip Weber

Incorporated

Delaware

Location

Texas

Fiscal year end

Sep 30

Sector

Real Estate and Rental and Leasing > Offices of Real Estate Agents and Brokers

Industry (SIC)

Real Estate

CBRE • Claros Mortgage Trust • Cushman & Wakefield • Retail Value • Copper Property CTL Pass Through Trust • Ellington Financial • MMA Capital • Urban Edge Properties • Office Properties Income Trust • Bluegreen Vacations Holding ...

Former names

Forestar Real Estate Group Inc., Forestar Real Estate Group LLC

SEC CIK

0001406587

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Forestar (USA) Real Estate Group Inc. • 4S/RPG Land Company LP • CL Texas I GP, L.L.C. • CL/RPG Land Company, LP • FirstLand Investment Corporation • FMF Development LLC • FOR California Development LLC • FOR Greenway Farms Utilities, LLC • FOR Nevada Development LLC • FOR Renn Quarter, LLC ...

FOR stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Departure of Directors or Certain Officers

3 Mar 23

8-K

Departure of Directors or Certain Officers

24 Feb 23

S-8

Registration of securities for employees

25 Jan 23

Forestar Reports Fiscal 2023 First Quarter Results

24 Jan 23

8-K

Submission of Matters to a Vote of Security Holders

18 Jan 23

DEFA14A

Additional proxy soliciting materials

6 Dec 22

17 Nov 22

Forestar Reports Fourth Quarter and Fiscal 2022 Results

9 Nov 22

Transcripts

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FOR

Earnings call transcript

2023 Q1

24 Jan 23

FOR

Earnings call transcript

2022 Q4

10 Nov 22

FOR

Earnings call transcript

2022 Q3

20 Jul 22

FOR

Earnings call transcript

2022 Q2

22 Apr 22

FOR

Earnings call transcript

2022 Q1

28 Jan 22

FOR

Earnings call transcript

2021 Q4

6 Nov 21

FOR

Earnings call transcript

2021 Q3

21 Jul 21

FOR

Earnings call transcript

2021 Q2

21 Apr 21

FOR

Earnings call transcript

2021 Q1

22 Jan 21

FOR

Earnings call transcript

2020 Q4

8 Nov 20

Latest ownership filings

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G.F. (Rick) Ringler III

Financial summary

Financial statements Chart FOR financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 22	Sep 21	Sep 20	Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	216.40 mm	216.40 mm	216.40 mm	216.40 mm	216.40 mm	216.40 mm
Cash burn (monthly)	16.13 mm	(no burn)	(no burn)	(no burn)	16.60 mm	(no burn)
Cash used (since last report)	44.43 mm	n/a	n/a	n/a	45.71 mm	n/a
Cash remaining	171.97 mm	n/a	n/a	n/a	170.69 mm	n/a
Runway (months of cash)	10.7	n/a	n/a	n/a	10.3	n/a

Beta Read what these cash burn values mean

Financial data from Forestar earnings reports.

Institutional ownership, Q4 2022

FOR institutional ownership history Ownership history

8.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	116	110	+5.5%
Opened positions	19	10	+90.0%
Closed positions	13	23	-43.5%
Increased positions	39	41	-4.9%
Reduced positions	33	34	-2.9%

13F shares	Current	Prev Q	Change
Total value	227.12 bn	994.11 mm	+22746.9%
Total shares	48.63 mm	48.53 mm	+0.2%
Total puts	100.00	11.20 k	-99.1%
Total calls	4.30 k	0.00	NEW
Total put/call ratio	0.0	Infinity	NaN%

Largest owners	Shares	Value	Change
DHI D.R. Horton	31.45 mm	$802.95 mm	0.0%
Long Pond Capital	4.68 mm	$72.15 bn	0.0%
Vanguard	2.72 mm	$41.89 bn	+0.4%
BLK Blackrock	1.59 mm	$24.54 bn	+0.8%
Dimensional Fund Advisors	1.23 mm	$18.88 mm	+3.1%
AMP Ameriprise Financial	613.26 k	$9.45 bn	-12.2%
Heartland Advisors	593.70 k	$9.15 bn	-30.1%
Carlson Capital L P	559.01 k	$8.61 bn	-15.1%
JPM JPMorgan Chase & Co.	401.98 k	$6.19 mm	+2293.6%
Geode Capital Management	370.93 k	$5.72 mm	+0.2%

Largest transactions	Shares	Bought/sold	Change
JPM JPMorgan Chase & Co.	401.98 k	+385.18 k	+2293.6%
STT State Street	341.60 k	+341.60 k	NEW
MS Morgan Stanley	218.42 k	-320.11 k	-59.4%
Heartland Advisors	593.70 k	-256.10 k	-30.1%
Maltese Capital Management	0.00	-239.40 k	EXIT
UBS UBS Group AG - Registered Shares	139.00	-147.15 k	-99.9%
Assenagon Asset Management	157.19 k	-135.45 k	-46.3%
RY Royal Bank Of Canada	126.81 k	+126.54 k	+46352.0%
Palogic Value Management	125.00 k	+125.00 k	NEW
Bridgeway Capital Management	263.80 k	+100.00 k	+61.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FOR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Mar 23	Elizabeth Parmer	RSU Common Stock	Grant	Acquire A	No	No	0	6,000	0.00	6,000
18 Mar 23	Allen James Douglas	Common Stock	Option exercise	Acquire M	No	No	0	2,519	0.00	21,917
18 Mar 23	Allen James Douglas	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,519	0.00	7,556
18 Mar 23	Ringler G.F.	Common Stock	Option exercise	Acquire M	No	No	0	679	0.00	8,357
18 Mar 23	Ringler G.F.	RSU Common Stock	Option exercise	Dispose M	No	No	0	679	0.00	679
18 Mar 23	Mark Stephen Walker	Common Stock	Payment of exercise	Dispose F	No	No	14.46	784	11.34 k	4,531
18 Mar 23	Mark Stephen Walker	Common Stock	Option exercise	Acquire M	No	No	0	1,554	0.00	5,315
18 Mar 23	Mark Stephen Walker	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,554	0.00	4,662
18 Mar 23	Tomnitz Donald J	Common Stock	Payment of exercise	Dispose F	No	No	14.46	1,540	22.27 k	78,042
18 Mar 23	Tomnitz Donald J	Common Stock	Option exercise	Acquire M	No	No	0	6,997	0.00	79,582