UFP Industries, Inc. (NASDAQ:UFPI) Receives $113.50 Average PT from Brokerages

UFP Industries, Inc. (NASDAQ:UFPI) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $113.50.

UFPI has been the subject of several recent analyst reports. Stifel Nicolaus set a $95.00 target price on shares of UFP Industries and gave the stock a “hold” rating in a research report on Wednesday, October 8th. DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $112.00 in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Finally, Zacks Research lowered UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th.

Institutional Trading of UFP Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of UFP Industries by 17.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company’s stock valued at $401,550,000 after acquiring an additional 568,741 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in UFP Industries by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company’s stock worth $205,237,000 after purchasing an additional 25,903 shares during the period. Boston Partners boosted its stake in UFP Industries by 2.2% during the 3rd quarter. Boston Partners now owns 1,887,460 shares of the construction company’s stock valued at $176,449,000 after purchasing an additional 39,957 shares in the last quarter. Geode Capital Management LLC increased its position in shares of UFP Industries by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,594,161 shares of the construction company’s stock valued at $158,413,000 after purchasing an additional 37,534 shares during the period. Finally, Wasatch Advisors LP raised its stake in shares of UFP Industries by 5.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,408,538 shares of the construction company’s stock worth $139,952,000 after buying an additional 67,849 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Stock Performance

UFPI stock opened at $89.87 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 16.61 and a beta of 1.43. UFP Industries has a 1 year low of $87.11 and a 1 year high of $141.33. The stock’s fifty day moving average is $91.94 and its two-hundred day moving average is $97.67.

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

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.40 annualized dividend and a yield of 1.6%. UFP Industries’s dividend payout ratio is presently 25.88%.

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.