Wedbush Brokers Reduce Earnings Estimates for UFP Industries

UFP Industries, Inc. (NASDAQ:UFPI) – Wedbush reduced their FY2024 earnings estimates for UFP Industries in a research note issued on Monday, November 4th. Wedbush analyst J. Mccanless now expects that the construction company will earn $6.90 per share for the year, down from their previous forecast of $7.40. Wedbush has a “Outperform” rating and a $155.00 price target on the stock. The consensus estimate for UFP Industries’ current full-year earnings is $7.18 per share. Wedbush also issued estimates for UFP Industries’ Q4 2024 earnings at $1.25 EPS, Q1 2025 earnings at $1.69 EPS, Q2 2025 earnings at $2.13 EPS, Q3 2025 earnings at $1.92 EPS, FY2025 earnings at $7.37 EPS, Q1 2026 earnings at $1.84 EPS, Q2 2026 earnings at $2.28 EPS, Q3 2026 earnings at $2.08 EPS and FY2026 earnings at $7.93 EPS.

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

A number of other research analysts have also recently issued reports on UFPI. BMO Capital Markets lifted their target price on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their price target on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Benchmark increased their price objective on shares of UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

UFP Industries Trading Up 8.2 %

Shares of UFPI opened at $136.45 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. UFP Industries has a 52-week low of $100.25 and a 52-week high of $139.54. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 18.77 and a beta of 1.39. The business’s fifty day moving average is $127.27 and its 200-day moving average is $121.02.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio is currently 18.16%.

Institutional Trading of UFP Industries

Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its stake in shares of UFP Industries by 300.0% in the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after purchasing an additional 144 shares during the period. Headlands Technologies LLC bought a new position in shares of UFP Industries during the 2nd quarter worth approximately $29,000. Signaturefd LLC grew its position in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after buying an additional 76 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of UFP Industries during the 2nd quarter worth approximately $56,000. Finally, GAMMA Investing LLC increased its stake in shares of UFP Industries by 84.2% in the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after acquiring an additional 234 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Company Profile

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.