Zacks Research Forecasts Weaker Earnings for UFP Industries

UFP Industries, Inc. (NASDAQ:UFPI) – Analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of UFP Industries in a research note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings of $6.91 per share for the year, down from their prior forecast of $6.93. The consensus estimate for UFP Industries’ current full-year earnings is $6.89 per share. Zacks Research also issued estimates for UFP Industries’ Q4 2024 earnings at $1.26 EPS, Q1 2025 earnings at $1.71 EPS, Q2 2025 earnings at $2.16 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $7.38 EPS, Q1 2026 earnings at $1.87 EPS, Q3 2026 earnings at $2.01 EPS and FY2026 earnings at $8.03 EPS.

UFPI has been the topic of a number of other reports. Benchmark boosted their target price on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus increased their price objective on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BMO Capital Markets increased their price target on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Stock Down 1.1 %

Shares of UFPI stock opened at $137.53 on Wednesday. UFP Industries has a 1 year low of $107.49 and a 1 year high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The business’s fifty day moving average is $131.16 and its 200-day moving average is $122.63. The stock has a market cap of $8.35 billion, a PE ratio of 18.92 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 earnings per share.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 0.96%. UFP Industries’s dividend payout ratio is presently 18.16%.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the transaction, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.58% of the company’s stock.

Institutional Trading of UFP Industries

A number of institutional investors have recently bought and sold shares of the company. Signaturefd LLC raised its stake in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after purchasing an additional 76 shares in the last quarter. Meeder Asset Management Inc. raised its position in UFP Industries by 0.7% during the second quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company’s stock valued at $1,630,000 after acquiring an additional 105 shares in the last quarter. Kingsview Wealth Management LLC raised its position in UFP Industries by 1.8% during the third quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company’s stock valued at $822,000 after acquiring an additional 113 shares in the last quarter. SummerHaven Investment Management LLC grew its position in UFP Industries by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company’s stock worth $866,000 after acquiring an additional 130 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock worth $84,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

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.