FWRD - Forward Air Corporation Stock Analysis

Stock Taper

OPPORTUNITY RADAR SCREENER COMPARE ANY 2 STOCKS

FWRD

FORWARD AIR CORPORATION

NASDAQ

$15.35

▼ DOWN 3.52% (-0.56)

KEY STATISTICS

Market Cap$503.15 M

52w High$31.18

52w Low$7.86

Dividend Yield1.48%

FrequencyQuarterly

P/E-1.97

Volume78.39K

Shares Out.31.63M

COMPANY

LEADERSHIP

CHIEF EXECUTIVE

Shawn Stewart

COMPENSATION 2026

Salary$900,000

Stock Awards$4,037,990

Incentive Plan Pay$617,400

All Other Comp.$5,919

Total$5,561,309

ABOUT

SECTOR

Industrials

WENT PUBLIC

November 16, 1993

METHOD OF GOING PUBLIC

IPO

FULL TIME EMPLOYEES

6,062

PRICE TARGET

Target High$25.00

Target Low$19.00

Target Median$22.00

Target Consensus$22.00

UPCOMING EARNINGS

DateNov 4, 2026

DayWednesday

Rev. Est.$673.40M

NOV

WED

SPLIT RECORD

DATE	TYPE	RATIO
2005-04-04	Forward	3:2
2000-01-31	Forward	3:2
1999-03-22	Forward	2:1

ETFS HOLDING THIS STOCK

ETFS HOLDING

LISTED HERE

RANKED BY POSITION SIZE

INSTITUTIONAL OWNERSHIP

SHARES OWNED

74.15%

HOLDERS

365

TOP 8 OF 365 · RANKED BY POSITION SIZE

Blackrock Inc.

4.5M sh

$86.24M

Clearlake Capital Group, L.P.

Blackrock Fund Advisors

Ridgemont Partners Management, LLC

1.9M sh

$49.68M

PRICE

$15.35 ▼ DOWN 3.52% (−$0.56)

OVERLAYS

About Forward Air Corporation

https://www.forwardair.com ↗

Forward Air Corporation is an asset-light freight and logistics company in the U.S. and Canada, offering expedited LTL, intermodal services, and logistics solutions across Expedited Freight and Intermodal segments.

INDUSTRY

Integrated Freight & Logistics

A SERVICE FORWARD AIR CORPORATION IS KNOWN FOR

Expedited Less-Than-Truckload (LTL) Services

Forward Air provides time-definite, expedited less-than-truckload (LTL) surface transportation across North America, offering a reliable, efficient, and cost-effective solution for time-sensitive freight needs.

COMPETITORS

COMPETITOR

Forward Air in 2025

SENTIMENT: → NEUTRAL

MARKET EVENT · 2025

Forward Air Under Strategic Review, Attracting Takeover Interest from Major Private Equity Firms

In January 2025, Forward Air initiated a formal strategic review to explore alternatives to maximize shareholder value, including a potential sale or merger. This move followed a turbulent period marked by a controversial acquisition of Omni Logistics and pressure from activist investor Ancora Holdings, leading to significant interest from private equity giants such as Blackstone, Apollo Global Management, and Clearlake Capital by mid-year.

LEADERSHIP STRATEGY · JANUARY 2025 · IN PROGRESS

Forward Air Initiates a Comprehensive Review of Strategic Alternatives to Maximize Shareholder Value

In a pivotal move, Forward Air's Board of Directors announced the initiation of a comprehensive review of strategic alternatives aimed at maximizing shareholder value. This process could result in a sale, merger, or other strategic transaction, signaling a significant potential change in the company's future direction and ownership.

Latest News

BUSINESS WIRE · OCT 1, 2026

Forward's 5th Annual Drive for Hope Golf Tournament Raises Record-Breaking $700,000 for Hope For The Warriors

DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”) today announced that its 5th Annual Drive for Hope Golf Tournament raised $700,000 in support of Hope For The Warriors (“HOPE”), marking the most successful year in the event's history. The milestone brings the total funds raised through the Drive for Hope event to more than $2.4 million since its inception in 2022. "It is an honor to help empower the incredible work HOPE does to help.

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