UFP Industries, Inc. (NASDAQ:UFPI) Receives $134.00 Consensus Price Target from Brokerages

UFP Industries, Inc. (NASDAQ:UFPI) has been given an average rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $134.00.

A number of research firms have recently commented on UFPI. Loop Capital initiated coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Industries in a research note on Saturday, September 27th. Finally, Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th.

UFP Industries Stock Performance

UFPI stock opened at $92.18 on Friday. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. UFP Industries has a 12 month low of $91.16 and a 12 month high of $141.33. The firm has a 50 day moving average of $99.29 and a two-hundred day moving average of $101.20.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that UFP Industries will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 29th. UFP Industries’s dividend payout ratio is presently 24.31%.

Institutional Trading of UFP Industries

A number of large investors have recently bought and sold shares of UFPI. GAMMA Investing LLC increased its holdings in shares of UFP Industries by 107.5% during the first quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company’s stock worth $161,000 after buying an additional 777 shares in the last quarter. KBC Group NV grew its position in UFP Industries by 15.8% during the 1st quarter. KBC Group NV now owns 2,836 shares of the construction company’s stock worth $304,000 after acquiring an additional 386 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in UFP Industries during the 1st quarter worth approximately $1,534,000. Park Avenue Securities LLC increased its holdings in UFP Industries by 6.5% during the 1st quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company’s stock valued at $238,000 after purchasing an additional 136 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in UFP Industries by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company’s stock valued at $761,000 after purchasing an additional 190 shares during 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.