Forestar (FOR)

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 Utilities, LLC ...

FOR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$31.00

Low target

$30.00

High target

$32.00

Latest filings (excl ownership)

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23 Jan 25

Amendments to Articles of Incorporation or Bylaws

22 Jan 25

8-K

Forestar Reports Fiscal 2025 First Quarter Results

21 Jan 25

8-K

Entry into a Material Definitive Agreement

23 Dec 24

ARS

2024 FY

Annual report to shareholders

16 Dec 24

Prospectus supplement for primary offering

20 Nov 24

8-K

Entry into a Material Definitive Agreement

19 Nov 24

Transcripts

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FOR

Earnings call transcript

2025 Q1

21 Jan 25

FOR

Earnings call transcript

2024 Q4

29 Oct 24

FOR

Earnings call transcript

2024 Q3

18 Jul 24

FOR

Earnings call transcript

2024 Q2

18 Apr 24

FOR

Earnings call transcript

2024 Q1

23 Jan 24

FOR

Earnings call transcript

2023 Q4

7 Nov 23

FOR

Earnings call transcript

2023 Q3

20 Jul 23

FOR

Earnings call transcript

2023 Q3

20 Jul 23

FOR

Earnings call transcript

2023 Q2

20 Apr 23

FOR

Earnings call transcript

2023 Q1

24 Jan 23

Latest ownership filings

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Financial summary

Financial statements Chart FOR financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 24	Sep 23	Sep 22	Sep 21
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)	132.00 mm	132.00 mm	132.00 mm	132.00 mm	132.00 mm	132.00 mm
Cash burn (monthly)	116.40 mm	27.24 mm	(no burn)	(no burn)	150.00 mm	37.64 mm
Cash used (since last report)	115.38 mm	27.00 mm	n/a	n/a	148.69 mm	37.31 mm
Cash remaining	16.62 mm	105.00 mm	n/a	n/a	-16.69 mm	94.69 mm
Runway (months of cash)	0.1	3.9	n/a	n/a	-0.1	2.5

Beta Read what these cash burn values mean

Financial data from Forestar earnings reports.

Institutional ownership, Q3 2024

FOR institutional ownership history Ownership history

97.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	170	170	–
Opened positions	30	30	–
Closed positions	30	45	-33.3%
Increased positions	59	65	-9.2%
Reduced positions	50	49	+2.0%

13F shares	Current	Prev Q	Change
Total value	564.38 bn	558.37 bn	+1.1%
Total shares	49.34 mm	49.52 mm	-0.4%
Total puts	37.90 k	54.10 k	-29.9%
Total calls	22.90 k	23.90 k	-4.2%
Total put/call ratio	1.7	2.3	-26.9%

Largest owners	Shares	Value	Change
DHI D.R. Horton	31.45 mm	$984.42 mm	0.0%
Vanguard	2.84 mm	$91.80 bn	-0.2%
Dimensional Fund Advisors	2.60 mm	$84.23 bn	+6.7%
BlackRock	1.84 mm	$59.72 bn	NEW
Woodson Capital Management	560.00 k	$18.13 bn	+12.0%
American Century Companies	524.79 k	$16.99 bn	+13.7%
Geode Capital Management	471.85 k	$15.28 bn	-0.8%
Bridgeway Capital Management	468.78 k	$15.17 bn	+2.7%
Millennium Management	429.29 k	$13.90 bn	+2198.2%
STT State Street	427.49 k	$13.84 bn	+0.9%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-1.98 mm	EXIT
BlackRock	1.84 mm	+1.84 mm	NEW
Millennium Management	429.29 k	+410.61 k	+2198.2%
GS The Goldman Sachs Group, Inc.	111.55 k	-327.64 k	-74.6%
Nuveen Asset Management	87.32 k	-289.01 k	-76.8%
JPM JPMorgan Chase & Co.	75.71 k	-261.44 k	-77.5%
Long Pond Capital	258.30 k	+258.30 k	NEW
First Eagle Investment Management	379.57 k	+173.50 k	+84.2%
PRS Prudential Financial, Inc. 5.62	54.53 k	-172.09 k	-75.9%
Dimensional Fund Advisors	2.60 mm	+163.51 k	+6.7%

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
29 Nov 24	Tomnitz Donald J	Common Stock	Payment of exercise	Dispose F	No	No	29.85	1,299	38.78 k	106,369
29 Nov 24	Tomnitz Donald J	Common Stock	Option exercise	Acquire M	No	No	0	742	0.00	107,668
29 Nov 24	Tomnitz Donald J	Common Stock	Option exercise	Acquire M	No	No	0	557	0.00	106,926
29 Nov 24	Tomnitz Donald J	RSU Common Stock	Option exercise	Dispose M	No	No	0	742	0.00	19,148
29 Nov 24	Tomnitz Donald J	RSU Common Stock	Option exercise	Dispose M	No	No	0	557	0.00	14,373
29 Nov 24	Allen James Douglas	Common Stock	Payment of exercise	Dispose F	No	No	29.85	2,407	71.85 k	36,654
29 Nov 24	Allen James Douglas	Common Stock	Option exercise	Acquire M	No	No	0	486	0.00	39,061
29 Nov 24	Allen James Douglas	Common Stock	Option exercise	Acquire M	No	No	0	372	0.00	38,575
29 Nov 24	Allen James Douglas	Common Stock	Option exercise	Acquire M	No	No	0	809	0.00	38,203
29 Nov 24	Allen James Douglas	Common Stock	Option exercise	Acquire M	No	No	0	505	0.00	37,394