Zacks Research Lowers Earnings Estimates for UFP Industries

UFP Industries, Inc. (NASDAQ:UFPI) – Analysts at Zacks Research lowered their Q4 2027 EPS estimates for UFP Industries in a report released on Tuesday, January 20th. Zacks Research analyst Team now expects that the construction company will post earnings of $1.37 per share for the quarter, down from their previous estimate of $1.39. Zacks Research has a “Hold” rating on the stock. The consensus estimate for UFP Industries’ current full-year earnings is $7.08 per share.

A number of other equities analysts have also recently weighed in on the company. DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $112.00 in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a research report on Thursday, October 30th. Finally, Stifel Nicolaus set a $98.00 price target on shares of UFP Industries in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, UFP Industries presently has an average rating of “Hold” and a consensus target price of $114.25.

UFP Industries Stock Down 2.1%

Shares of UFP Industries stock opened at $105.62 on Wednesday. UFP Industries has a 12-month low of $87.11 and a 12-month high of $119.83. The firm has a market capitalization of $6.15 billion, a PE ratio of 19.52 and a beta of 1.49. The company has a quick ratio of 3.23, a current ratio of 4.49 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $94.04 and its 200-day moving average is $96.45.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a net margin of 5.00% and a return on equity of 10.18%. UFP Industries’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.35 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. UFP Industries’s dividend payout ratio is currently 25.88%.

Insider Buying and Selling

In other UFP Industries news, Chairman Matthew J. Missad sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $92.26, for a total value of $1,014,860.00. Following the transaction, the chairman owned 310,533 shares in the company, valued at approximately $28,649,774.58. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael G. Wooldridge sold 1,192 shares of UFP Industries stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $93.43, for a total transaction of $111,368.56. Following the sale, the director directly owned 14,697 shares of the company’s stock, valued at $1,373,140.71. This trade represents a 7.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.56% of the stock is owned by corporate insiders.

Institutional Trading of UFP Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in UFP Industries by 66.1% during the fourth quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock valued at $35,000 after purchasing an additional 154 shares during the last quarter. Palisades Investment Partners LLC raised its stake in shares of UFP Industries by 2.9% during the 4th quarter. Palisades Investment Partners LLC now owns 23,294 shares of the construction company’s stock worth $2,121,000 after purchasing an additional 657 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of UFP Industries by 2.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,247,346 shares of the construction company’s stock valued at $114,980,000 after buying an additional 23,905 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in shares of UFP Industries by 5.8% in the 4th quarter. Cascade Investment Advisors Inc. now owns 11,599 shares of the construction company’s stock valued at $1,056,000 after buying an additional 640 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in UFP Industries in the fourth quarter worth approximately $94,000. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

About UFP Industries

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.