Edition:
United States

Forestar Group Inc (FOR.N)

FOR.N on New York Stock Exchange

22.55USD
19 Jul 2018
Change (% chg)

$0.40 (+1.81%)
Prev Close
$22.15
Open
$22.20
Day's High
$22.65
Day's Low
$22.20
Volume
10,558
Avg. Vol
26,372
52-wk High
$26.35
52-wk Low
$15.35

Latest Key Developments (Source: Significant Developments)

D.R. Horton Q2 Average Closing Price $299,000, Up 1 pct
Thursday, 26 Apr 2018 11:59am EDT 

April 26 (Reuters) - D.R. Horton Inc ::Q2 AVERAGE CLOSING PRICE WAS $299,000, UP 1% FROM PRIOR YEAR QUARTER - CONF CALL."SPRING SELLING SEASON IS OFF TO A STRONG START" - CEO ON CONF CALL.IN FISCAL 2018 EXPECT FORESTAR TO GENERATE $90 MILLION IN REVENUE - CONF CALL.D.R. HORTON - IN FISCAL 2019 EXPECT FORESTAR TO GENERATE $300 MILLION TO $350 MILLION IN REVENUE AND ACCESS PUBLIC MARKETS FOR ADDITIONAL GROWTH CAPITAL.D.R. HORTON - IN FISCAL 2020 EXPECT FORESTAR TO GENERATE $700 MILLION TO $800 MILLION IN REVENUE.D.R. HORTON - EXPECT TO GENERATE AT LEAST $800 MILLION OF CASH FROM OPERATIONS IN 2018.D.R. HORTON - SEEING MORE BUYERS COME IN AND BETTER QUALIFIED BUYERS.D.R. HORTON - SLIGHT INCREASE IN RATES ARE REALLY FUELING DEMAND, PRICES CONTINUE TO MOVE SLOWLY, SEE LONG SUSTAINED HOUSING MARKET - CEO ON CONF CALL.D.R. HORTON - AFFORDABILITY IN HOUSING IS JUST GOING TO BECOME MORE AND MORE DIFFICULT TO MAINTAIN - CEO ON COF CALL.D.R. HORTON - CONTINUE TO LOOK AT VARIOUS M&A OPPORTUNITIES ON THE BUILDER SIDE OPPORTUNISTICALLY - CONF CALL.D.R. HORTON - DON'T SEE LABOR AND MATERIAL COSTS GOING DOWN AND LAND IS CERTAINLY NOT GOING TO GO DOWN - CEO ON CONF CALL.  Full Article

Forestar Announces Strategic Asset Sale To Starwood Capital Group For $232 Mln
Thursday, 8 Feb 2018 04:30pm EST 

Feb 8 (Reuters) - Forestar Group Inc ::FORESTAR ANNOUNCES STRATEGIC ASSET SALE TO STARWOOD CAPITAL GROUP FOR $232 MILLION.FORESTAR GROUP INC - TRANSACTION IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON FORESTAR'S FISCAL 2018 EARNINGS.FORESTAR GROUP INC - ‍IN FISCAL 2018, EXPECTS TO INVEST ABOUT $400 MILLION IN LAND ACQUISITION AND DEVELOPMENT.FORESTAR GROUP INC - ‍IN FISCAL 2018, FORESTAR EXPECTS TO INVEST APPROXIMATELY $400 MILLION IN LAND ACQUISITION AND DEVELOPMENT​.FORESTAR GROUP INC - ‍FORESTAR ALSO EXPECTS ITS ANNUAL DELIVERIES TO GROW TO APPROXIMATELY 10,000 LOTS BY FISCAL 2020​.FORESTAR GROUP INC - ‍ALSO EXPECTS ITS ANNUAL DELIVERIES TO GROW TO APPROXIMATELY 10,000 LOTS BY FISCAL 2020​.FORESTAR GROUP INC - ‍SALE INCLUDES 20 LEGACY COMMUNITY DEVELOPMENT PROJECTS​.  Full Article

Forestar announces make-whole fundamental change relating to outstanding convertible senior notes
Thursday, 12 Oct 2017 04:45pm EDT 

Oct 12 (Reuters) - Forestar Group Inc :Forestar announces fundamental change and make-whole fundamental change relating to outstanding convertible senior notes.Forestar Group Inc - delivered notice to holders of 3.75 pct convertible senior notes due 2020 of "fundamental change" effective as of Oct 5​.Forestar Group - ‍as result of fundamental change, holders of 3.75 pct convertible senior notes have right to convert their notes at any time until Nov 9.Forestar Group Inc - ‍there will be no increase of conversion rate in connection with make-whole fundamental change​.  Full Article

Forestar Group unit enters letter of credit facility agreement for $30 mln​
Tuesday, 10 Oct 2017 06:21am EDT 

Oct 10 (Reuters) - Forestar Group Inc :Forestar Group-‍ on Oct 5 co's unit entered into letter of credit facility agreement for $30 million secured standby letter of credit facility -SEC filing​.  Full Article

D.R. Horton and Forestar announce preliminary merger consideration election results
Thursday, 28 Sep 2017 08:00am EDT 

Sept 28 (Reuters) - D.R. Horton Inc :D.R. Horton and Forestar announce preliminary merger consideration election results.D.R. Horton Inc - ‍holders of about 91.23% of outstanding shares of Forestar common stock, elected to receive cash consideration​.  Full Article

Forestar says sale of remaining oil, gas entities expected to generate tax losses, currently expected to reduce income tax expense for FY ended Dec 31
Friday, 22 Sep 2017 05:29pm EDT 

Sept 22 (Reuters) - Forestar Group Inc :Forestar - Sale of remaining oil, gas entities expected to generate tax losses, currently expected to reduce income tax expense for FY ended Dec 31 - SEC filing​.  Full Article

D.R. Horton reports Q3 earnings per share $0.76
Wednesday, 26 Jul 2017 06:00am EDT 

July 26 (Reuters) - D.R. Horton Inc ::D.R. Horton Inc America’s builder, reports fiscal 2017 third quarter earnings and declares quarterly dividend of $0.10 per share.Q3 earnings per share $0.76.Q3 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.Q3 net sales orders up 13 percent to $3.9 billion.D.R. Horton Inc says Q3 net sales orders increased 13 pct in value to $3.9 bln and 11 pct in homes to 13,040.D.R. Horton Inc says Q3 homes closed increased 17 pct in value to $3.7 bln and 16 pct in homes to 12,497.D.R. Horton - sales order backlog of homes under contract at June 30, 2017 increased 3 pct to 15,161 homes and 6 pct in value to $4.6 bln.D.R. Horton Inc says homes in inventory at June 30, 2017 increased 9 pct to 27,600 homes compared to 25,300 homes at June 30, 2016.D.R. Horton Inc - ‍homebuilding revenue for Q3 of fiscal 2017 increased 17 pct to $3.7 bln from $3.1 bln in same quarter of fiscal 2016​.D.R. Horton Inc says subsequent to quarter-end, company's board of directors authorized repurchase of up to $200 mln of company's common stock.D.R. Horton Inc says transaction with Forestar Group is expected to close during company's Q1 of fiscal 2018.  Full Article

Forestar Group enters into another amendment to merge with Starwood Capital Group affiliates
Friday, 23 Jun 2017 05:28pm EDT 

June 23 (Reuters) - Forestar Group Inc -:Forestar Group Inc - on June 22, 2017, Forestar Group Inc entered into amendment no. 2 to merger agreement with Starwood Capital Group affiliates.Forestar Group Inc - second amendment provides for an increase in merger consideration $15.50 per share in cash to $16.00 per share in cash.  Full Article

Forestar Group has amended its merger agreement with Starwood Capital Group
Wednesday, 21 Jun 2017 08:21pm EDT 

June 21 (Reuters) - Forestar Group Inc :Forestar Group has amended its merger agreement with Starwood Capital Group to increase the merger consideration to $15.50 per share in cash.Forestar says other than increase in merger consideration, all other terms and conditions in Starwood merger remains unchanged.  Full Article

D.R. Horton announces confidentiality agreement with Forestar Group
Friday, 9 Jun 2017 06:55am EDT 

June 9 (Reuters) - D.R. Horton Inc ::D.R. Horton, Inc announces confidentiality agreement with Forestar Group Inc.D.R. Horton - both cos to exchange information, participate in discussions related to co's proposal to but 75% outstanding shares of Forestar stock.  Full Article

BRIEF-Forestar Announces Strategic Asset Sale To Starwood Capital Group For $232 Mln

* FORESTAR ANNOUNCES STRATEGIC ASSET SALE TO STARWOOD CAPITAL GROUP FOR $232 MILLION