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Forestar Group (FOR) Stock Price & Analysis
FOR Stock Chart & Stats
- Day’s Range
- $23.70 - $24.45
- 52-Week Range
- $22.81 - $32.06
- Previous Close
- $24.46
- Volume
- N/A
- Average Volume (3M)
- 193.68K
- Market Cap
- $1.21B
- Enterprise Value
- $1.46B
- Total Cash (Recent Filing)
- $394.90M
- Total Debt (Recent Filing)
- $810.20M
- Price to Earnings (P/E)
- 8.5
- Beta
- 0.55
- Next Earnings
- Jan 26, 2027 (Est.)
- EPS Estimate
- 0.18
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Balance Sheet Strength
Lower leverage, rising equity, and substantial liquidity give Forestar flexibility to fund land development while absorbing housing-market volatility. This stronger capital structure can support disciplined growth, reduce refinancing pressure, and help the company pursue opportunities when competitors are more constrained.
Contracted Backlog
A large contracted lot position provides visibility into future revenue and reduces reliance on entirely new sales each period. Hard earnest-money deposits also support buyer commitment, while the backlog helps convert the existing land base into cash and earnings over the coming quarters.
Disciplined Growth Platform
The company combines a sizeable national lot platform with explicit return thresholds and disciplined development pacing. Concentrating investment in undersupplied, faster-turning, or multi-product markets may improve capital efficiency and support durable growth without abandoning underwriting discipline.
Bears Say
Slower Fiscal 2027 Outlook
Management’s outlook implies lower lot deliveries and revenue after fiscal 2026, indicating that demand and builder purchasing conditions may restrain near-term growth. A slower conversion pace could reduce operating leverage and delay the realization of value from Forestar’s land and controlled-lot inventory.
Margin Pressure
Project-specific regulatory costs and impairments show that reported profitability can be vulnerable during development closeouts. Even if normalized margins remain near management’s 20%–23% range, recurring execution or compliance issues could weigh on earnings quality and reduce returns on invested capital.
Volatile Cash Generation
The multi-year swing in operating and free cash flow reflects the timing-sensitive nature of land investment and working capital. Although the latest period converted earnings into cash, repeated negative annual cash flow could increase reliance on liquidity and make funding growth less predictable across the housing cycle.
Forestar Group News
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Forestar Group Stock Smart Score
Company Description
Forestar Group
Forestar Group Inc. is an American company primarily engaged in developing residential lots. Its business model entails acquiring land, then preparing the necessary infrastructure for new single-family housing communities. These fully developed lots are subsequently sold to various home construction companies. Headquartered in Arlington, Texas, Forestar operates as a subsidiary of D.R. Horton, Inc.
- Sector
- Realestate
- Industry
- Real Estate - Development
- CEO
- Anthony W. Oxley
- Employees
- 402
- Website
- www.forestar.com
- Address
- 2221 East Lamar Boulevard, Arlington, TX, 76006, US
Forestar Group (FOR) Earnings & Revenues
FOR Company Deck
FOR Earnings Call
Earnings Call SentimentPositive
The call was predominantly positive. Forestar reported solid fiscal 2026 revenue, earnings, book value growth, liquidity and customer expansion, while maintaining disciplined investment and low leverage. The principal challenges were affordability and mortgage-rate pressure, lower reported fourth-quarter margins due to project-specific charges and impairments, sequentially lower finished lots, and a fiscal 2027 outlook below fiscal 2026 actual lot deliveries and revenue.
View all FOR earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 3 | 5 | 14 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 0 | 0 | 12 |












