UFP Industries’ (UFPI) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c-) rating on shares of UFP Industries (NASDAQ:UFPI) in a report published on Thursday,Weiss Ratings reports.

Several other analysts also recently issued reports on the company. Loop Capital began coverage on UFP Industries in a report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price objective on the stock. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Finally, Stifel Nicolaus set a $95.00 price objective on UFP Industries and gave the stock a “hold” rating in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $121.80.

UFP Industries Price Performance

NASDAQ UFPI opened at $92.13 on Thursday. The stock’s 50-day moving average price is $95.45 and its two-hundred day moving average price is $99.03. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.40 billion, a PE ratio of 17.03 and a beta of 1.45. UFP Industries has a 1 year low of $88.78 and a 1 year high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.08). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 10.16% and a net margin of 5.00%.UFP Industries’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 EPS. On average, analysts predict that UFP Industries will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given 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 of this dividend is Monday, December 1st. UFP Industries’s dividend payout ratio is 25.88%.

Institutional Trading of UFP Industries

A number of hedge funds have recently made changes to their positions in UFPI. Geneos Wealth Management Inc. lifted its position in shares of UFP Industries by 54.8% in the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after purchasing an additional 114 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in UFP Industries in the first quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd increased its holdings in UFP Industries by 39.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock worth $45,000 after buying an additional 119 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in UFP Industries by 90.9% in the second quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock worth $54,000 after buying an additional 259 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in UFP Industries in the second quarter worth approximately $59,000. 81.81% of the stock is owned by hedge funds and other 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.