UFP Industries, Inc. (NASDAQ:UFPI) Receives Average Recommendation of “Hold” from Analysts

UFP Industries, Inc. (NASDAQ:UFPI) has been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $107.00.

Several analysts have weighed in on UFPI shares. BMO Capital Markets reissued a “market perform” rating and set a $108.00 target price (down from $112.00) on shares of UFP Industries in a research report on Monday. DA Davidson dropped their price objective on shares of UFP Industries from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a report on Tuesday, January 27th.

UFP Industries Stock Performance

NASDAQ:UFPI traded up $1.22 during trading hours on Monday, hitting $96.98. 120,701 shares of the company were exchanged, compared to its average volume of 375,357. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 19.41 and a beta of 1.44. UFP Industries has a 52-week low of $84.82 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.59 and a quick ratio of 3.13. The company’s 50 day moving average price is $97.97 and its 200-day moving average price is $96.09.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, February 23rd. The construction company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.33). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.40 billion. UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. As a group, research analysts forecast that UFP Industries will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.36 dividend. This is an increase from UFP Industries’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.5%. UFP Industries’s payout ratio is currently 28.86%.

Institutional Trading of UFP Industries

Several large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its holdings in shares of UFP Industries by 3.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,197 shares of the construction company’s stock valued at $291,000 after acquiring an additional 92 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of UFP Industries by 2.1% in the 4th quarter. Arkadios Wealth Advisors now owns 4,648 shares of the construction company’s stock valued at $423,000 after acquiring an additional 97 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after acquiring an additional 114 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of UFP Industries by 1.3% in the 4th quarter. SkyView Investment Advisors LLC now owns 9,133 shares of the construction company’s stock valued at $832,000 after acquiring an additional 114 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of UFP Industries by 2.3% in the 3rd quarter. US Bancorp DE now owns 5,439 shares of the construction company’s stock valued at $508,000 after acquiring an additional 122 shares during the last quarter. 81.81% of the stock is 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.