UFP Industries, Inc. (UFPI) – What Are Analysts Thinking About This Stock?

Shares of UFP Industries, Inc. (NASDAQ:UFPI) have received an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $103.25.

Several research firms have recently weighed in on UFPI. DA Davidson reissued a “buy” rating and issued a $105.00 target price on shares of UFP Industries in a research report on Tuesday, October 27th. Stifel Nicolaus set a $85.00 price target on shares of UFP Industries and gave the stock a “hold” rating in a research report on Monday, October 26th. Oppenheimer initiated coverage on UFP Industries in a research note on Wednesday, September 30th. They issued a “market perform” rating for the company. Zacks Research lowered UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 3rd. Finally, Weiss Ratings cut UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 12th.

UFP Industries Stock Down 1.3%

Shares of NASDAQ:UFPI opened at $79.10 on Friday. The firm has a market cap of $4.32 billion, a PE ratio of 19.20 and a beta of 1.14. The company has a fifty day simple moving average of $79.99 and a 200 day simple moving average of $88.59. The company has a current ratio of 3.86, a quick ratio of 2.58 and a debt-to-equity ratio of 0.07. UFP Industries has a 12-month low of $73.72 and a 12-month high of $118.00.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.15). The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.60 billion. UFP Industries had a net margin of 3.61% and a return on equity of 7.53%. On average, equities research analysts anticipate that UFP Industries will post 4.18 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.36 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. UFP Industries’s dividend payout ratio (DPR) is presently 34.95%.

Institutional Investors Weigh In On UFP Industries

Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in UFP Industries by 14.0% during the third quarter. First Trust Advisors LP now owns 83,984 shares of the construction company’s stock worth $6,485,000 after purchasing an additional 10,299 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in UFP Industries by 2.6% in the third quarter. GW&K Investment Management LLC now owns 210,040 shares of the construction company’s stock worth $16,220,000 after purchasing an additional 5,291 shares during the period. Public Sector Pension Investment Board boosted its holdings in UFP Industries by 40.3% in the third quarter. Public Sector Pension Investment Board now owns 138,641 shares of the construction company’s stock worth $10,565,000 after purchasing an additional 39,802 shares during the period. Global Retirement Partners LLC increased its stake in UFP Industries by 14.6% during the third quarter. Global Retirement Partners LLC now owns 1,295 shares of the construction company’s stock valued at $100,000 after purchasing an additional 165 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in UFP Industries during the third quarter valued at $13,127,000. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Company Profile

UFP Industries, Inc. is a manufacturer and distributor of wood and other materials used in construction, packaging and retail products. Founded in 1955 as Universal Forest Products, the company adopted its current name in 2020. Its businesses supply products such as lumber, decking and other outdoor-living materials; pallets, crates and custom industrial packaging; and components for residential and commercial construction. UFP also serves customers in manufactured housing and other building-related markets.