Zacks Research Reduces Earnings Estimates for UFP Industries

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

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

Several other brokerages also recently issued reports on UFPI. Stifel Nicolaus set a $98.00 price target on shares of UFP Industries in a report on Tuesday, December 2nd. DA Davidson raised shares of UFP Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $112.00 in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, UFP Industries has a consensus rating of “Hold” and a consensus target price of $114.25.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $105.62 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 3.23. The firm has a market capitalization of $6.15 billion, a PE ratio of 19.52 and a beta of 1.49. UFP Industries has a 1-year low of $87.11 and a 1-year high of $119.83. The business’s fifty day moving average price is $94.04 and its two-hundred day moving average price is $96.45.

UFP Industries Dividend Announcement

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

Insider Activity

In other news, Chairman Matthew J. Missad sold 11,000 shares of the 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 completion of the transaction, the chairman directly owned 310,533 shares in the company, valued at $28,649,774.58. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael G. Wooldridge sold 1,192 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 14,697 shares in the company, valued at $1,373,140.71. This 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 currently owned by company insiders.

Hedge Funds Weigh In On UFP Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UFPI. Geneos Wealth Management Inc. raised its stake 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 worth $32,000 after buying an additional 114 shares in the last quarter. Signaturefd LLC boosted its stake 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 buying an additional 154 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in UFP Industries by 648.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company’s stock worth $41,000 after acquiring an additional 376 shares during the period. Winnow Wealth LLC bought a new stake in UFP Industries in the third quarter worth about $51,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in UFP Industries by 24.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the construction company’s stock valued at $52,000 after acquiring an additional 102 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

UFP Industries Company Profile

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.