UFP Industries, Inc. (UFPI) – What Are Researchers Saying 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 stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on 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 analysts have recently commented on the company. Weiss Ratings downgraded UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 12th. Oppenheimer assumed coverage on UFP Industries in a research report on Wednesday, September 30th. They issued a “market perform” rating for the company. DA Davidson reaffirmed a “buy” rating and set a $105.00 price target on shares of UFP Industries in a research note on Tuesday, October 27th. Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Stifel Nicolaus set a $85.00 price target on UFP Industries and gave the stock a “hold” rating in a report on Monday, October 26th.

Hedge Funds Weigh In On UFP Industries

A number of institutional investors have recently modified their holdings of UFPI. GAMMA Investing LLC grew its position in UFP Industries by 15.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,004 shares of the construction company’s stock valued at $78,000 after purchasing an additional 131 shares during the period. Root Financial Partners LLC increased its stake in UFP Industries by 86.0% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock valued at $29,000 after purchasing an additional 148 shares in the last quarter. World Investment Advisors increased its stake in UFP Industries by 5.8% during the 1st quarter. World Investment Advisors now owns 3,171 shares of the construction company’s stock valued at $292,000 after purchasing an additional 175 shares in the last quarter. Cetera Investment Advisers increased its stake in UFP Industries by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 5,593 shares of the construction company’s stock valued at $515,000 after purchasing an additional 194 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in UFP Industries by 1.4% during the first quarter. State of Michigan Retirement System now owns 14,000 shares of the construction company’s stock worth $1,290,000 after buying an additional 200 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Trading Down 3.9%

NASDAQ:UFPI opened at $82.97 on Friday. UFP Industries has a 12 month low of $73.72 and a 12 month high of $118.00. The company has a current ratio of 3.86, a quick ratio of 2.58 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 20.14 and a beta of 1.14. The firm has a fifty day simple moving average of $80.36 and a two-hundred day simple moving average of $89.23.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.15). UFP Industries had a net margin of 3.61% and a return on equity of 7.53%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.60 billion. Analysts expect that UFP Industries will post 4.26 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, December 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. UFP Industries’s payout ratio is currently 34.95%.

UFP Industries Company Profile

UFP Industries, Inc is a diversified manufacturer and distributor of wood, composite and other products serving the retail, construction and industrial markets. The company supplies materials and components used in outdoor living, residential and commercial construction, manufactured housing, packaging and a range of industrial applications.

Its products include treated lumber, decking, fencing, landscaping products, roof trusses, wall panels, wood components, pallets, crates, specialty packaging and other custom-engineered products.