Analysts Set UFP Industries, Inc. (NASDAQ:UFPI) PT at $105.40

Shares of UFP Industries, Inc. (NASDAQ:UFPI) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $105.40.

Several equities research analysts have commented on the company. DA Davidson lowered their price objective on UFP Industries from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Benchmark lowered their price objective on UFP Industries from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Stifel Nicolaus lowered their price objective on UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. BMO Capital Markets upgraded UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of UFP Industries in a research report on Tuesday, January 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of UFP Industries by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,117,218 shares of the construction company’s stock valued at $556,973,000 after buying an additional 17,016 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of UFP Industries by 32.9% during the 1st quarter. Wasatch Advisors LP now owns 2,037,908 shares of the construction company’s stock valued at $187,732,000 after buying an additional 504,609 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of UFP Industries by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,909,315 shares of the construction company’s stock valued at $173,847,000 after buying an additional 44,736 shares in the last quarter. Boston Partners lifted its position in shares of UFP Industries by 2.2% during the 3rd quarter. Boston Partners now owns 1,887,460 shares of the construction company’s stock valued at $176,449,000 after buying an additional 39,957 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of UFP Industries by 2.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,247,346 shares of the construction company’s stock valued at $114,980,000 after buying an additional 23,905 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Trading Up 0.7%

UFP Industries stock opened at $80.58 on Friday. The company has a current ratio of 4.64, a quick ratio of 3.07 and a debt-to-equity ratio of 0.07. UFP Industries has a 12 month low of $77.89 and a 12 month high of $118.00. The stock’s 50 day simple moving average is $89.68 and its two-hundred day simple moving average is $95.45. The firm has a market cap of $4.55 billion, a PE ratio of 17.59 and a beta of 1.29.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.26). UFP Industries had a return on equity of 8.50% and a net margin of 4.31%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company posted $1.30 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts anticipate that UFP Industries will post 4.77 earnings per share for the current year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.36 per share. The ex-dividend date is Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. UFP Industries’s dividend payout ratio (DPR) is 31.44%.

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.