Zacks Research Cuts Earnings Estimates for UFP Industries

UFP Industries, Inc. (NASDAQ:UFPI) – Investment analysts at Zacks Research reduced their Q4 2027 EPS estimates for shares of UFP Industries in a note issued to investors on Tuesday, January 20th. Zacks Research analyst Team now expects that the construction company will post earnings of $1.37 per share for the quarter, down from their previous estimate of $1.39. Zacks Research has a “Hold” rating on the stock. The consensus estimate for UFP Industries’ current full-year earnings is $7.08 per share.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus set a $98.00 target price on shares of UFP Industries in a research note on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a report on Thursday, October 30th. Finally, DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $112.00 in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $114.25.

UFP Industries Trading Up 2.0%

Shares of NASDAQ:UFPI opened at $107.68 on Wednesday. The stock has a market capitalization of $6.27 billion, a PE ratio of 19.90 and a beta of 1.49. UFP Industries has a 1 year low of $87.11 and a 1 year high of $119.83. The firm has a fifty day moving average price of $94.37 and a 200 day moving average price of $96.52. 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 posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.29 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.61 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis.

Insider Activity

In related news, Director Michael G. Wooldridge sold 1,192 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $93.43, for a total transaction of $111,368.56. Following the sale, the director directly owned 14,697 shares in the company, valued at $1,373,140.71. This represents a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Matthew J. Missad sold 11,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UFPI. Caitong International Asset Management Co. Ltd increased its stake in UFP Industries by 24.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the construction company’s stock valued at $52,000 after buying an additional 102 shares during the last quarter. Vista Finance LLC boosted its holdings in shares of UFP Industries by 4.1% in the 2nd quarter. Vista Finance LLC now owns 2,671 shares of the construction company’s stock valued at $265,000 after buying an additional 104 shares during the last quarter. F m Investments LLC grew its stake in shares of UFP Industries by 0.5% in the second quarter. F m Investments LLC now owns 22,459 shares of the construction company’s stock valued at $2,232,000 after buying an additional 112 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in UFP Industries by 54.8% during the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after buying an additional 114 shares during the last quarter. Finally, US Bancorp DE raised its position in UFP Industries by 2.3% during the third quarter. US Bancorp DE now owns 5,439 shares of the construction company’s stock worth $508,000 after acquiring an additional 122 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Company Profile

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.