UFP Industries (NASDAQ:UFPI) Upgraded at Zacks Research

Zacks Research upgraded shares of UFP Industries (NASDAQ:UFPI) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports. Zacks Research also issued estimates for UFP Industries’ Q4 2027 earnings at $1.37 EPS.

Several other research analysts also recently commented on UFPI. DA Davidson upgraded UFP Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $112.00 in a research note on Friday, October 31st. Stifel Nicolaus set a $98.00 price target on shares of UFP Industries in a report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Two 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, UFP Industries has an average rating of “Hold” and an average price target of $114.25.

UFP Industries Stock Performance

Shares of UFPI stock opened at $107.68 on Monday. The firm’s 50 day moving average is $94.37 and its 200 day moving average is $96.52. The stock has a market capitalization of $6.27 billion, a P/E ratio of 19.90 and a beta of 1.49. UFP Industries has a 12 month low of $87.11 and a 12 month high of $119.83. The company has a current ratio of 4.49, a quick ratio of 3.23 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Wednesday, October 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). UFP Industries had a net margin of 5.00% and a return on equity of 10.18%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm earned $1.64 EPS. The company’s revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that UFP Industries will post 7.08 earnings per share for the current year.

Insider Activity

In other UFP Industries news, Director Michael G. Wooldridge sold 1,192 shares of UFP Industries stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $93.43, for a total transaction of $111,368.56. Following the completion of the sale, the director directly owned 14,697 shares in the company, valued at $1,373,140.71. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Matthew J. Missad sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $92.26, for a total transaction of $1,014,860.00. Following the completion of the transaction, the chairman directly owned 310,533 shares of the company’s stock, valued at approximately $28,649,774.58. This represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners lifted its stake in UFP Industries by 2.2% during the third quarter. Boston Partners now owns 1,887,460 shares of the construction company’s stock worth $176,449,000 after purchasing an additional 39,957 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 buying an additional 37,534 shares in the last quarter. Wasatch Advisors LP lifted its position in 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its position in UFP Industries by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,247,346 shares of the construction company’s stock worth $114,980,000 after buying an additional 23,905 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in UFP Industries by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 790,648 shares of the construction company’s stock worth $78,559,000 after buying an additional 20,387 shares in the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

About UFP Industries

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.