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

UFP Industries, Inc. (NASDAQ:UFPI) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $114.25.

Several analysts recently weighed in on UFPI shares. DA Davidson upgraded shares of UFP Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $112.00 in a report on Friday, October 31st. Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “hold (c-)” rating on shares of UFP Industries in a report on Thursday, October 30th. Finally, Stifel Nicolaus set a $98.00 target price on UFP Industries in a research report on Tuesday, December 2nd.

UFP Industries Stock Performance

NASDAQ UFPI opened at $92.94 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.23 and a current ratio of 4.49. The stock’s fifty day moving average is $91.33 and its two-hundred day moving average is $96.81. The firm has a market capitalization of $5.41 billion, a P/E ratio of 17.18 and a beta of 1.49. UFP Industries has a fifty-two week low of $87.11 and a fifty-two week high of $124.65.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.08). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a return on equity of 10.18% and a net margin of 5.00%.The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. On average, research analysts anticipate that UFP Industries will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. UFP Industries’s dividend payout ratio is presently 25.88%.

Insider Buying and Selling at UFP Industries

In related news, Chairman Matthew J. Missad sold 11,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $92.26, for a total transaction of $1,014,860.00. Following the completion of the transaction, the chairman directly owned 310,533 shares of the company’s stock, valued at $28,649,774.58. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael G. Wooldridge sold 1,192 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $93.43, for a total value of $111,368.56. Following the sale, the director owned 14,697 shares in the company, valued at approximately $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. Insiders own 2.56% of the company’s stock.

Hedge Funds Weigh In On UFP Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in UFP Industries by 1.6% in the first quarter. LPL Financial LLC now owns 16,678 shares of the construction company’s stock valued at $1,785,000 after acquiring an additional 268 shares in the last quarter. Nuveen LLC acquired a new position in shares of UFP Industries during the 1st quarter worth about $18,224,000. HighTower Advisors LLC grew its position in shares of UFP Industries by 10.9% in the 1st quarter. HighTower Advisors LLC now owns 6,553 shares of the construction company’s stock valued at $701,000 after buying an additional 642 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of UFP Industries by 45.0% in the first quarter. Russell Investments Group Ltd. now owns 99,994 shares of the construction company’s stock valued at $10,703,000 after acquiring an additional 31,014 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of UFP Industries by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company’s stock worth $205,237,000 after acquiring an additional 25,903 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

About UFP Industries

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.