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Market Information
−Removed: Our common stock is traded on the NYSE under the trading symbol "FOR." As of November 13, 2023, the closing price of our common stock on the NYSE was $29.53, and there were approximately 928 holders of record.
+Added: Our common stock is traded on the NYSE under the trading symbol "FOR." As of November 14, 2024, the closing price of our common stock on the NYSE was $29.61, an d there were approximately 830 holders of record.
Dividend Policy
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The following graph illustrates the cumulative total stockholder return of an initial investment of $100 on September 30, 2019 in Forestar common stock for the period from September 30, 2019 through September 30, 2024 compared to the same investment in the Russell 2000 Index and our peer group.
−Removed: The companies included in our peer group are M.D.C.
+Added: Pursuant to SEC rules, returns of each of the companies in the peer groups are weighted according to the respective company’s stock market capitalization at the beginning of each period for which a return is indicated.
+Added: Shareholder returns over the indicated period are based on historical data and should not be considered indicative of future shareholder returns.
+Added: The graph and related disclosure in no way reflect our forecast of future financial performance.
+Added: During the fiscal year ended September 30, 2024, we revised our peer group to consist of American Woodmark Corporation;
+Added: Beazer Homes USA, Inc.;
+Added: Century Communities, Inc.;
+Added: Five Point Holdings, LLC;
+Added: Howard Hughes Holdings Inc.;
+Added: JELD-WEN Holding, Inc.;
+Added: LGI Homes, Inc.;
+Added: M/I Homes, Inc.;
+Added: MasterBrand, Inc.
+Added: We revised our peer group as three of our former peers were acquired during the fiscal year ended September 30, 2024 (M.D.C.
Holdings, Inc.;
+Added: Masonite International Corporation;
+Added: and PGT Innovations).
+Added: The companies comprising our peer group as of September 30, 2024 were selected based on their industries, similar market capitalization and business model.
+Added: Our former peer group consisted of the following companies:
+Added: Holdings, Inc.;
Tri Pointe Homes, Inc.;
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and PGT Innovations, Inc.
−Removed: These companies were selected based on their industries, similar market capitalization and business model.
−Removed: Pursuant to SEC rules, returns of each of the companies in the peer groups are weighted according to the respective company’s stock market capitalization at the beginning of each period for which a return is indicated.
−Removed: Shareholder returns over the indicated period are based on historical data and should not be considered indicative of future shareholder returns.
−Removed: The graph and related disclosure in no way reflect our forecast of future financial performance.
September 30,
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Russell 2000 100.00 100.39 148.26 113.42 123.54 156.60
−Removed: Peer Group 100.00 109.77 102.75 135.94 93.22 143.04
+Added: New Peer Group 100.00 88.76 119.55 72.16 113.63 152.60
+Added: Former Peer Group 100.00 93.61 123.85 84.92 130.32 156.90
This performance graph shall not be deemed to be incorporated by reference into our SEC filings and should not constitute soliciting material or otherwise be considered filed under the Securities Act of 1933, as amended (Securities Act) or the Exchange Act.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.