UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) – Research analysts at DA Davidson boosted their Q1 2022 EPS estimates for UFP Industries in a research report issued on Thursday, April 14th. DA Davidson analyst K. Yinger now expects that the construction company will earn $2.00 per share for the quarter, up from their previous estimate of $1.85.
A number of other equities analysts have also weighed in on UFPI. Wedbush upped their target price on shares of UFP Industries from $85.00 to $92.00 in a research report on Thursday, February 17th. StockNews.com assumed coverage on shares of UFP Industries in a research report on Thursday, March 31st. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $90.86.
UFP Industries (NASDAQ:UFPI – Get Rating) last posted its quarterly earnings results on Wednesday, February 16th. The construction company reported $2.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.94. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.73 billion. UFP Industries had a net margin of 6.20% and a return on equity of 28.94%. The company’s revenue was up 44.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were paid a dividend of $0.20 per share. This is an increase from UFP Industries’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.09%. UFP Industries’s dividend payout ratio is presently 9.31%.
In other news, COO Patrick M. Webster sold 15,815 shares of the stock in a transaction on Friday, March 11th. The shares were sold at an average price of $85.36, for a total value of $1,349,968.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Patrick M. Webster sold 2,420 shares of the stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $85.00, for a total transaction of $205,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,535 shares of company stock worth $2,839,871. 3.74% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. raised its stake in shares of UFP Industries by 90.1% in the fourth quarter. First Horizon Advisors Inc. now owns 308 shares of the construction company’s stock valued at $28,000 after acquiring an additional 146 shares during the period. Baystate Wealth Management LLC purchased a new stake in shares of UFP Industries in the fourth quarter valued at $32,000. Ellevest Inc. purchased a new stake in shares of UFP Industries in the fourth quarter valued at $32,000. Quadrant Capital Group LLC raised its stake in shares of UFP Industries by 143.4% in the fourth quarter. Quadrant Capital Group LLC now owns 477 shares of the construction company’s stock valued at $44,000 after acquiring an additional 281 shares during the period. Finally, Clearstead Advisors LLC purchased a new stake in shares of UFP Industries in the third quarter valued at $43,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.
UFP Industries Company Profile (Get Rating)
UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.
- Get a free copy of the StockNews.com research report on UFP Industries (UFPI)
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