Q3 2024 EPS Estimates for UFP Industries, Inc. (NASDAQ:UFPI) Lowered by Zacks Research

UFP Industries, Inc. (NASDAQ:UFPI) – Equities researchers at Zacks Research reduced their Q3 2024 EPS estimates for UFP Industries in a research report issued on Monday, September 2nd. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings of $1.80 per share for the quarter, down from their prior forecast of $1.81. The consensus estimate for UFP Industries’ current full-year earnings is $7.27 per share. Zacks Research also issued estimates for UFP Industries’ Q3 2025 earnings at $2.08 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $7.90 EPS, Q2 2026 earnings at $2.33 EPS and FY2026 earnings at $8.34 EPS.

Other equities research analysts have also recently issued reports about the stock. StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 5th. Stifel Nicolaus upped their target price on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Benchmark increased their price target on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Wedbush reissued a “neutral” rating and set a $120.00 price target (up from $102.00) on shares of UFP Industries in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.60.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $115.41 on Thursday. The company has a 50-day simple moving average of $118.97 and a 200-day simple moving average of $117.17. UFP Industries has a one year low of $90.62 and a one year high of $136.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.18 and a current ratio of 4.34. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 14.35 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 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. UFP Industries had a net margin of 7.02% and a return on equity of 15.86%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company earned $2.36 earnings per share. The business’s revenue was down 6.9% compared to the same quarter last year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Friday, August 30th. This represents a $1.32 annualized dividend and a yield of 1.14%. UFP Industries’s payout ratio is currently 16.42%.

Insiders Place Their Bets

In other UFP Industries news, insider Patrick M. Benton sold 11,725 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $115.27, for a total transaction of $1,351,540.75. Following the transaction, the insider now directly owns 97,729 shares in the company, valued at $11,265,221.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of UFP Industries in the second quarter valued at approximately $29,000. Rise Advisors LLC acquired a new stake in shares of UFP Industries in the first quarter valued at approximately $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of UFP Industries in the first quarter valued at approximately $33,000. Eagle Bay Advisors LLC acquired a new stake in shares of UFP Industries in the fourth quarter valued at approximately $49,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of UFP Industries in the second quarter valued at approximately $56,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

About UFP Industries

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.