Forestar Group Inc Stock Price, News & Analysis

D.R. Horton (NYSE:DHI), America's largest homebuilder, reported its fiscal Q3 2025 results with net income of $1.0 billion ($3.36 per diluted share), down 24% year-over-year. The company achieved consolidated revenues of $9.2 billion, with home sales revenues of $8.6 billion from 23,160 homes closed.

Key highlights include net sales orders of 23,071 homes valued at $8.4 billion, and significant shareholder returns through $1.2 billion in share repurchases and a quarterly dividend of $0.40 per share. The company maintained strong liquidity of $5.5 billion and updated its fiscal 2025 guidance to 85,000-85,500 homes closed with consolidated revenues of $33.7-34.2 billion.

Despite market challenges including affordability constraints, DHI demonstrated operational strength with a pre-tax margin of 14.7% and homebuilding gross margin of 21.8%, though sales incentives are expected to increase in Q4 2025.

Forestar Group Inc. (NYSE: FOR) has announced its dual listing on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange under the same "FOR" ticker symbol. The company joins as a Founding Member of the newly launched fully electronic equities exchange based in Dallas, Texas.

The company highlighted its strong presence in Texas with over 26,000 owned and controlled lots and 50 active communities in the state. Chairman Donald J. Tomnitz emphasized Texas's pro-growth, business-friendly policies and the company's commitment to supporting the state's growing housing needs.

D.R. Horton (NYSE:DHI), America's largest homebuilder by volume, announced its dual listing on NYSE Texas, a new fully electronic equities exchange in Dallas, while maintaining its primary NYSE listing under the same DHI ticker. As a Founding Member of NYSE Texas, the company demonstrates its commitment to Texas, where it has been headquartered for nearly 50 years. Chairman David Auld emphasized Texas's pro-growth, business-friendly policies and resilient economy as key factors in their decision, highlighting their role in providing housing for the state's growing population. This strategic move aligns with the company's long-standing presence in Texas and its position as the nation's leading homebuilder for over two decades.

Forestar Group Inc. (NYSE: FOR) has announced it will release its third quarter fiscal 2025 financial results on Tuesday, July 22, 2025, before market opening. The company will host a conference call at 11:00 a.m. Eastern Time on the same day, with dial-in number 888-506-0062 and access code 716713. Participants are advised to join five minutes early. The call will be webcast on investor.forestar.com. A replay will be available after 3:00 p.m. ET at 877-481-4010 with passcode 52408, accessible through July 29, 2025. The webcast replay will remain available on the company's website until November 15, 2025.

D.R. Horton (NYSE:DHI), America's Builder, has scheduled its fiscal 2025 third quarter earnings release for July 22, 2025, before market opening. The company will host a conference call at 8:30 a.m. ET on the same day. Investors can join via phone using dial-in number 888-506-0062 with access code 586904, or through a webcast on the company's investor website.

A replay will be available after 12:30 p.m. ET at 877-481-4010 using passcode 52578, accessible through July 29, 2025. The webcast replay will remain available on the company's website until November 15, 2025.

Forestar Group (NYSE: FOR) reported its fiscal 2025 second quarter results with mixed performance. Net income decreased 30% to $31.6 million ($0.62 per diluted share) compared to $45.0 million ($0.89 per diluted share) in Q2 2024. Despite the decline in profits, consolidated revenues increased 5% to $351.0 million, with residential lots sold up 4% to 3,411 lots.

The company strengthened its financial position by issuing $500 million of 6.50% senior unsecured notes due 2033 and completing a tender offer to purchase $329.4 million of existing 3.85% notes due 2026. Forestar maintained a strong lot position of 105,900 lots (68,400 owned and 37,500 controlled) with $2.3 billion in future contracted revenue.

Due to home affordability constraints and declining consumer confidence, Forestar revised its fiscal 2025 guidance downward to 15,000-15,500 lot deliveries and revenue of $1.5-1.55 billion, compared to previous guidance of 16,000-16,500 lots and $1.6-1.65 billion revenue.

D.R. Horton (NYSE:DHI) reported fiscal 2025 second quarter results with net income of $810.4 million, or $2.58 per diluted share, marking a 27% decrease from $3.52 in the same quarter of fiscal 2024. Consolidated revenues declined 15% to $7.7 billion, with home sales revenues of $7.2 billion on 19,276 homes closed.

The company reported net sales orders of 22,437 homes valued at $8.4 billion, with a cancellation rate of 16%. The company's sales order backlog decreased 21% to 14,164 homes valued at $5.5 billion. During the quarter, DHI repurchased 9.7 million shares for $1.3 billion and paid dividends of $125.5 million.

The company maintains strong liquidity of $5.8 billion, including $2.5 billion in cash. A new $5.0 billion share repurchase authorization was announced, and the company declared a quarterly dividend of $0.40 per share.

Forestar Group (NYSE: FOR) announced the completion of its cash tender offer for its 3.850% Senior Notes due 2026. The tender offer, which expired on March 11, 2025, resulted in tenders of $329,434,000 in aggregate principal amount, representing 82.36% of outstanding Notes. An additional $667,000 remains subject to guaranteed delivery procedures expiring March 13, 2025.

Holders of validly tendered Notes will receive a purchase price of $999.46 per $1,000 principal amount, plus accrued and unpaid interest, with settlement expected on March 14, 2025. The tender offer is contingent on completing a contemporaneous debt financing, with proceeds intended to fund the Note purchases.

Forestar Group (NYSE: FOR) has announced the pricing terms for its cash tender offer to purchase all outstanding 3.850% Senior Notes due 2026. The Purchase Price will be determined based on a fixed spread plus the yield of a U.S. Treasury Reference Security, with settlement expected on March 14, 2025.

The tender offer expires at 5:00 p.m., New York City time, on March 11, 2025. Holders who tender their notes will receive the Purchase Price plus accrued and unpaid interest. The offer is contingent upon completing a contemporaneous debt financing, with proceeds intended to fund the note purchases.

The company has retained J.P. Morgan Securities, Mizuho Securities USA, TD Securities, and Wells Fargo Securities as Dealer Managers for the tender offer. After completion, Forestar may purchase additional notes through various means, though future purchases will depend on market conditions.