UFP Industries (NASDAQ:UFPI) Upgraded at Zacks Research

UFP Industries (NASDAQ:UFPI) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports. Zacks Research also issued estimates for UFP Industries’ Q4 2027 earnings at $1.37 EPS.

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

UFP Industries Stock Performance

Shares of NASDAQ:UFPI opened at $105.62 on Monday. UFP Industries has a 1 year low of $87.11 and a 1 year high of $119.83. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 19.52 and a beta of 1.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 3.23. The company’s 50 day simple moving average is $94.04 and its 200 day simple moving average is $96.45.

UFP Industries (NASDAQ:UFPI) last posted its quarterly 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). UFP Industries had a return on equity of 10.18% and a net margin of 5.00%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm posted $1.64 EPS. UFP Industries’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, research analysts predict that UFP Industries will post 7.08 EPS for the current fiscal year.

Insider Activity at UFP Industries

In related news, Chairman Matthew J. Missad sold 11,000 shares of UFP Industries stock in a transaction on Thursday, December 11th. The shares were 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 owned 310,533 shares of the company’s stock, valued at $28,649,774.58. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Wooldridge sold 1,192 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $93.43, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. 2.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UFP Industries

A number of hedge funds have recently added to or reduced their stakes in UFPI. Geneos Wealth Management Inc. boosted its holdings in shares of 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 in the last quarter. Signaturefd LLC raised its holdings in shares of UFP Industries by 66.1% during the fourth quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of UFP Industries by 648.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company’s stock valued at $41,000 after buying an additional 376 shares during the period. Winnow Wealth LLC acquired a new position in UFP Industries during the 3rd quarter worth approximately $51,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in UFP Industries by 24.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the construction company’s stock valued at $52,000 after acquiring an additional 102 shares during the period. 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.