Zacks Research Forecasts Weaker Earnings for UFP Industries

UFP Industries, Inc. (NASDAQ:UFPI) – Stock analysts at Zacks Research reduced their FY2024 EPS estimates for shares of UFP Industries in a research report issued on Monday, November 18th. Zacks Research analyst R. Department now expects that the construction company will post earnings of $6.93 per share for the year, down from their previous estimate of $7.30. The consensus estimate for UFP Industries’ current full-year earnings is $7.01 per share. Zacks Research also issued estimates for UFP Industries’ Q4 2024 earnings at $1.28 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $2.17 EPS, Q3 2025 earnings at $1.94 EPS, Q4 2025 earnings at $1.58 EPS, FY2025 earnings at $7.41 EPS, Q1 2026 earnings at $1.88 EPS, Q2 2026 earnings at $2.40 EPS, Q3 2026 earnings at $2.02 EPS and FY2026 earnings at $8.07 EPS.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The firm 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 quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 EPS.

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

UFP Industries Price Performance

NASDAQ:UFPI opened at $128.13 on Wednesday. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 17.62 and a beta of 1.39. The stock’s 50 day moving average price is $130.05 and its two-hundred day moving average price is $122.22. UFP Industries has a 12-month low of $107.49 and a 12-month high of $139.54. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.03%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio is currently 18.16%.

Institutional Investors Weigh In On UFP Industries

Institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System grew its position in UFP Industries by 21.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 20,890 shares of the construction company’s stock valued at $2,570,000 after buying an additional 3,701 shares during the period. Blair William & Co. IL grew its stake in shares of UFP Industries by 42.6% in the 1st quarter. Blair William & Co. IL now owns 6,509 shares of the construction company’s stock worth $801,000 after buying an additional 1,943 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of UFP Industries during the 1st quarter valued at approximately $1,214,000. O Shaughnessy Asset Management LLC grew its stake in shares of UFP Industries by 4.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 18,455 shares of the construction company’s stock valued at $2,270,000 after buying an additional 816 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in UFP Industries by 0.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company’s stock worth $4,762,000 after buying an additional 137 shares during the period. 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.