UFP Industries, Inc. (NASDAQ:UFPI) Given Average Rating of “Moderate Buy” by Analysts

Shares of UFP Industries, Inc. (NASDAQ:UFPI) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $104.50.

UFPI has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $90.00 price target on shares of UFP Industries and gave the stock a “hold” rating in a report on Monday, August 24th. Weiss Ratings raised shares of UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st.

Institutional Investors Weigh In On UFP Industries

Several large investors have recently bought and sold shares of the company. ProShare Advisors LLC raised its position in shares of UFP Industries by 1.1% during the 4th quarter. ProShare Advisors LLC now owns 12,972 shares of the construction company’s stock valued at $1,181,000 after acquiring an additional 145 shares in the last quarter. Root Financial Partners LLC boosted its holdings in UFP Industries by 86.0% in the first quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock worth $29,000 after purchasing an additional 148 shares during the period. World Investment Advisors increased its stake in UFP Industries by 5.8% during the first quarter. World Investment Advisors now owns 3,171 shares of the construction company’s stock valued at $292,000 after purchasing an additional 175 shares during the last quarter. IFP Advisors Inc increased its stake in UFP Industries by 84.8% during the fourth quarter. IFP Advisors Inc now owns 414 shares of the construction company’s stock valued at $38,000 after purchasing an additional 190 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of UFP Industries by 3.6% during the first quarter. Cetera Investment Advisers now owns 5,593 shares of the construction company’s stock worth $515,000 after purchasing an additional 194 shares during the period. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Trading Down 0.5%

Shares of NASDAQ:UFPI opened at $82.01 on Thursday. UFP Industries has a 12-month low of $77.89 and a 12-month high of $118.00. The company has a market capitalization of $4.52 billion, a PE ratio of 18.81 and a beta of 1.22. The business has a 50 day moving average of $86.78 and a two-hundred day moving average of $87.90. The company has a current ratio of 3.98, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.79 billion. UFP Industries had a net margin of 3.99% and a return on equity of 8.00%. As a group, analysts forecast that UFP Industries will post 4.51 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 1st. UFP Industries’s payout ratio is presently 33.03%.

About UFP Industries

UFP Industries, Inc is a manufacturer and distributor of wood, composite and other products serving the construction, industrial and retail sectors. The company operates through businesses focused on supplying materials and finished products for residential and commercial construction, outdoor living, manufactured housing, packaging and industrial applications.

Its product offerings include pressure-treated lumber, engineered wood components, decking, fencing, lawn and garden products, trusses, wood pallets, crates and other custom packaging solutions.