UFP Industries (NASDAQ:UFPI) Rating Increased to Hold at Zacks Research

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

UFPI has been the subject of several other reports. DA Davidson upgraded UFP Industries from a “neutral” rating to a “buy” rating and boosted their price objective 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 UFP Industries in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, UFP Industries currently has a consensus rating of “Hold” and an average target price of $114.25.

UFP Industries Price Performance

Shares of UFPI opened at $105.62 on Monday. UFP Industries has a twelve month low of $87.11 and a twelve month high of $119.83. The company has a 50 day moving average of $94.04 and a two-hundred day moving average of $96.45. The company has a quick ratio of 3.23, a current ratio of 4.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 19.52 and a beta of 1.49.

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

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. UFP Industries’s payout ratio is 25.88%.

Insiders Place Their Bets

In other news, Chairman Matthew J. Missad sold 11,000 shares of UFP Industries stock in a transaction 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 transaction, the chairman owned 310,533 shares in the company, valued at $28,649,774.58. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael G. Wooldridge sold 1,192 shares of the firm’s stock in a transaction dated 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 owned 14,697 shares of the company’s stock, valued at approximately $1,373,140.71. The trade was a 7.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in UFP Industries by 54.8% during the 2nd 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 period. Signaturefd LLC grew its stake in UFP Industries by 66.1% during the 4th quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock worth $35,000 after purchasing an additional 154 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in UFP Industries by 648.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company’s stock worth $41,000 after purchasing an additional 376 shares during the period. Winnow Wealth LLC acquired a new stake in UFP Industries in the 3rd quarter valued at about $51,000. Finally, Caitong International Asset Management Co. Ltd raised its position 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 purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

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.