Zacks Research Equities Analysts Decrease Earnings Estimates for UFP Industries, Inc. (NASDAQ:UFPI)

UFP Industries, Inc. (NASDAQ:UFPI) – Investment analysts at Zacks Research decreased their Q3 2024 earnings per share estimates for UFP Industries in a research report issued on Tuesday, April 16th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings per share of $2.00 for the quarter, down from their prior estimate of $2.01. The consensus estimate for UFP Industries’ current full-year earnings is $7.39 per share. Zacks Research also issued estimates for UFP Industries’ Q1 2025 earnings at $1.82 EPS, Q3 2025 earnings at $2.16 EPS, Q4 2025 earnings at $1.79 EPS and FY2025 earnings at $8.10 EPS.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.06). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The business’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS.

Several other brokerages have also recently commented on UFPI. Benchmark boosted their target price on UFP Industries from $120.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus boosted their price objective on UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Wedbush restated a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Finally, StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and an average target price of $114.00.

UFP Industries Trading Down 1.9 %

Shares of NASDAQ:UFPI opened at $111.64 on Wednesday. The company has a 50 day moving average of $116.46 and a 200-day moving average of $112.82. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. The firm has a market cap of $6.87 billion, a P/E ratio of 13.85 and a beta of 1.49. UFP Industries has a twelve month low of $76.01 and a twelve month high of $128.65.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, February 29th. This is an increase from UFP Industries’s previous quarterly dividend of $0.20. UFP Industries’s dividend payout ratio is 16.38%.

Insider Buying and Selling

In other news, CEO Matthew J. Missad sold 5,018 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total transaction of $572,302.90. Following the completion of the sale, the chief executive officer now directly owns 363,328 shares of the company’s stock, valued at $41,437,558.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in UFP Industries during the 4th quarter worth about $27,000. GAMMA Investing LLC purchased a new stake in shares of UFP Industries in the fourth quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of UFP Industries during the first quarter worth approximately $33,000. Rise Advisors LLC purchased a new position in UFP Industries during the first quarter valued at approximately $33,000. Finally, Advisors Asset Management Inc. purchased a new position in UFP Industries during the third quarter valued at approximately $28,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

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.