UFP Industries, Inc. (NASDAQ:UFPI) Stock Rated “Hold” by Sell-Side Brokerages

Shares of UFP Industries, Inc. (NASDAQ:UFPI) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $104.50.

UFPI has been the topic of a number of research reports. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings cut shares of UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, October 12th. Stifel Nicolaus set a $90.00 target price on shares of UFP Industries and gave the stock a “hold” rating in a research report on Monday, August 24th. Finally, Oppenheimer started coverage on UFP Industries in a report on Wednesday, September 30th. They set a “market perform” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. IAG Wealth Partners LLC bought a new stake in UFP Industries during the 1st quarter valued at approximately $28,000. Root Financial Partners LLC grew its stake in shares of 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 acquiring an additional 148 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in UFP Industries during the first quarter worth $40,000. Ameritas Advisory Services LLC bought a new position in UFP Industries during the second quarter worth $60,000. Finally, GAMMA Investing LLC increased its position in UFP Industries by 15.0% during the third quarter. GAMMA Investing LLC now owns 1,004 shares of the construction company’s stock worth $78,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Performance

Shares of NASDAQ:UFPI opened at $78.37 on Monday. The firm has a fifty day moving average of $82.54 and a two-hundred day moving average of $85.66. The firm has a market capitalization of $4.32 billion, a P/E ratio of 17.97 and a beta of 1.22. UFP Industries has a 12-month low of $73.72 and a 12-month high of $118.00. The company has a quick ratio of 2.64, a current ratio of 3.98 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.79 billion. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%. On average, equities analysts expect that UFP Industries will post 4.47 EPS for the current fiscal year.

UFP Industries Announces Dividend

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

About UFP Industries

UFP Industries, Inc is a manufacturer and supplier of wood, composite and other products serving the retail, industrial and construction markets. The company’s offerings include outdoor living products such as decking, fencing, landscaping and garden products, as well as structural and component products used in residential and commercial construction.

UFP Industries also provides pallets, crates, specialty wood packaging and other custom products for industrial customers. Its construction-related operations supply components for manufactured housing, residential construction, commercial building and recreational vehicles.