Zacks Research Reduces Earnings Estimates for UFP Industries

UFP Industries, Inc. (NASDAQ:UFPI) – Investment analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of UFP Industries in a report released on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the construction company will post earnings of $6.91 per share for the year, down from their previous estimate of $6.93. The consensus estimate for UFP Industries’ current full-year earnings is $6.89 per share. Zacks Research also issued estimates for UFP Industries’ Q4 2024 earnings at $1.26 EPS, Q1 2025 earnings at $1.71 EPS, Q2 2025 earnings at $2.16 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $7.38 EPS, Q1 2026 earnings at $1.87 EPS, Q3 2026 earnings at $2.01 EPS and FY2026 earnings at $8.03 EPS.

UFPI has been the subject of a number of other reports. Benchmark upped their target price on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus raised their price objective on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. Finally, StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Stock Performance

NASDAQ UFPI opened at $137.53 on Wednesday. The company’s fifty day moving average is $131.16 and its two-hundred day moving average is $122.63. UFP Industries has a 52-week low of $107.49 and a 52-week high of $141.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 18.92 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company posted $2.10 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio is currently 18.16%.

Insider Buying and Selling at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the sale, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at $41,202,383.50. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On UFP Industries

A number of institutional investors and hedge funds have recently bought and sold shares of UFPI. UMB Bank n.a. raised its holdings in shares of UFP Industries by 300.0% in the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after buying an additional 144 shares during the last quarter. Headlands Technologies LLC acquired a new stake in UFP Industries in the 2nd quarter valued at about $29,000. Signaturefd LLC raised its stake in shares of UFP Industries by 31.8% in the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of UFP Industries during the second quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its stake in shares of UFP Industries by 84.2% during the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

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.