UFP Industries, Inc. (NASDAQ:UFPI) Receives $121.80 Average PT from Analysts

Shares of UFP Industries, Inc. (NASDAQ:UFPI) have earned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $132.60.

Several research analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their target price on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wedbush reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $102.00) on shares of UFP Industries in a research note on Tuesday, July 30th. Benchmark increased their target price on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 5th.

Insider Activity at UFP Industries

In related news, CFO Michael R. Cole sold 1,452 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $119.28, for a total value of $173,194.56. Following the sale, the chief financial officer now owns 165,155 shares of the company’s stock, valued at $19,699,688.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Patrick M. Benton sold 11,725 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $115.27, for a total value of $1,351,540.75. Following the sale, the insider now owns 97,729 shares of the company’s stock, valued at $11,265,221.83. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael R. Cole sold 1,452 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $119.28, for a total transaction of $173,194.56. Following the completion of the sale, the chief financial officer now directly owns 165,155 shares in the company, valued at approximately $19,699,688.40. The disclosure for this sale can be found here. Insiders have sold a total of 16,215 shares of company stock valued at $1,889,933 over the last 90 days. 2.58% of the stock is owned by corporate insiders.

Institutional Trading of UFP Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in UFP Industries during the fourth quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in UFP Industries during the first quarter worth approximately $33,000. Rise Advisors LLC acquired a new stake in UFP Industries during the first quarter worth approximately $33,000. SRS Capital Advisors Inc. raised its holdings in UFP Industries by 218.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock worth $36,000 after purchasing an additional 197 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in UFP Industries during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Trading Up 2.0 %

Shares of UFPI opened at $119.42 on Wednesday. The company has a current ratio of 4.34, a quick ratio of 3.37 and a debt-to-equity ratio of 0.07. UFP Industries has a 12-month low of $90.62 and a 12-month high of $136.93. The firm has a 50-day moving average price of $117.15 and a 200 day moving average price of $116.66. The firm has a market capitalization of $7.37 billion, a P/E ratio of 14.85 and a beta of 1.40.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Tuesday, July 30th. The construction company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. UFP Industries had a net margin of 7.02% and a return on equity of 15.86%. UFP Industries’s revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.36 earnings per share. Sell-side analysts forecast that UFP Industries will post 7.3 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, August 30th. UFP Industries’s payout ratio is 16.42%.

UFP Industries Company Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.