S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Compare Stocks

Comparative Price Performance Over Time

Compare Stocks - Price & Volume

CompanyCurrent Price50-Day Moving Average52-Week RangeMarket CapBetaAvg. VolumeToday's Volume
Enviva Inc. stock logo
EVA
Enviva
$0.37
-7.6%
$0.45
$0.25
$23.57
$27.34M0.893.57 million shs854,487 shs
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
$72.11
+0.1%
$76.15
$49.47
$84.54
$5.21B1.84882,292 shs1.13 million shs
Trex Company, Inc. stock logo
TREX
Trex
$87.45
-0.6%
$94.18
$51.03
$101.91
$9.50B1.6793,320 shs532,123 shs
UFP Industries, Inc. stock logo
UFPI
UFP Industries
$111.79
+1.0%
$116.18
$76.01
$128.65
$6.88B1.49279,919 shs310,836 shs
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Price Performance

Company1-Day Performance7-Day Performance30-Day Performance90-Day Performance1-Year Performance
Enviva Inc. stock logo
EVA
Enviva
-3.64%-3.19%-12.18%-1.25%-98.31%
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
-1.02%-7.80%-8.55%+6.33%+19.79%
Trex Company, Inc. stock logo
TREX
Trex
+0.23%-5.23%-8.45%+6.86%+61.34%
UFP Industries, Inc. stock logo
UFPI
UFP Industries
-0.89%-5.37%-5.27%-4.87%+38.21%

MarketRank™

CompanyOverall ScoreAnalyst's OpinionShort Interest ScoreDividend StrengthESG ScoreNews and Social Media SentimentCompany OwnershipEarnings & Valuation
Enviva Inc. stock logo
EVA
Enviva
2.0335 of 5 stars
2.84.00.00.00.03.31.3
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
3.1505 of 5 stars
1.35.03.30.03.42.51.9
Trex Company, Inc. stock logo
TREX
Trex
2.9662 of 5 stars
2.23.00.00.03.23.32.5
UFP Industries, Inc. stock logo
UFPI
UFP Industries
4.1563 of 5 stars
1.35.02.52.23.02.52.5

Analyst Ratings

CompanyConsensus Rating ScoreConsensus RatingConsensus Price Target% Upside from Current Price
Enviva Inc. stock logo
EVA
Enviva
1.60
Reduce$7.501,943.60% Upside
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
2.50
Moderate Buy$73.712.22% Upside
Trex Company, Inc. stock logo
TREX
Trex
2.33
Hold$88.721.45% Upside
UFP Industries, Inc. stock logo
UFPI
UFP Industries
2.50
Moderate Buy$114.001.98% Upside

Current Analyst Ratings

Latest TREX, LPX, EVA, and UFPI Analyst Ratings

DateCompanyBrokerageActionRatingPrice TargetDetails
4/8/2024
Trex Company, Inc. stock logo
TREX
Trex
Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetNeutral ➝ Neutral$105.00 ➝ $110.00
4/4/2024
Trex Company, Inc. stock logo
TREX
Trex
Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetUnderweight ➝ Underweight$86.00 ➝ $93.00
3/1/2024
Trex Company, Inc. stock logo
TREX
Trex
JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetNeutral ➝ Neutral$79.00 ➝ $93.00
3/1/2024
Trex Company, Inc. stock logo
TREX
Trex
Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$85.00 ➝ $105.00
2/28/2024
Trex Company, Inc. stock logo
TREX
Trex
Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetUnderweight ➝ Underweight$74.00 ➝ $86.00
2/28/2024
Trex Company, Inc. stock logo
TREX
Trex
The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$89.00 ➝ $108.00
2/27/2024
Trex Company, Inc. stock logo
TREX
Trex
DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetNeutral ➝ Neutral$80.00 ➝ $87.00
2/27/2024
Trex Company, Inc. stock logo
TREX
Trex
UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetNeutral ➝ Neutral$84.00 ➝ $100.00
2/27/2024
Trex Company, Inc. stock logo
TREX
Trex
Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$90.00 ➝ $107.00
2/27/2024
Trex Company, Inc. stock logo
TREX
Trex
Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$70.00 ➝ $120.00
2/22/2024
UFP Industries, Inc. stock logo
UFPI
UFP Industries
Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingNeutral ➝ Neutral$102.00
(Data available from 4/19/2021 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Sales & Book Value

CompanyAnnual RevenuePrice/SalesCashflowPrice/CashBook ValuePrice/Book
Enviva Inc. stock logo
EVA
Enviva
$1.09B0.02$0.45 per share0.81$4.28 per share0.09
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
$2.58B2.02$4.84 per share14.90$21.59 per share3.34
Trex Company, Inc. stock logo
TREX
Trex
$1.09B8.68$2.32 per share37.71$6.60 per share13.25
UFP Industries, Inc. stock logo
UFPI
UFP Industries
$7.22B0.95$10.49 per share10.66$49.12 per share2.28

Profitability & Earnings

CompanyNet IncomeEPSTrailing P/E RatioForward P/E RatioP/E GrowthNet MarginsReturn on Equity (ROE)Return on Assets (ROA)Next Earnings Date
Enviva Inc. stock logo
EVA
Enviva
-$168.31M-$4.89N/AN/AN/A-29.65%-104.81%-10.10%5/1/2024 (Estimated)
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
$178M$2.4529.4317.01N/A6.90%15.65%9.90%5/8/2024 (Confirmed)
Trex Company, Inc. stock logo
TREX
Trex
$205.38M$1.8946.2734.032.0218.76%31.26%19.60%5/9/2024 (Confirmed)
UFP Industries, Inc. stock logo
UFPI
UFP Industries
$514.31M$8.0613.8713.84N/A7.12%17.86%13.22%4/30/2024 (Confirmed)

Latest TREX, LPX, EVA, and UFPI Earnings

DateQuarterCompanyConsensus EstimateReported EPSBeat/MissGap EPSRevenue EstimateActual RevenueDetails
5/9/2024N/A
Trex Company, Inc. stock logo
TREX
Trex
$0.72N/A-$0.72N/AN/AN/A  
5/8/2024N/A
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
$1.05N/A-$1.05N/AN/AN/A  
4/30/2024N/A
UFP Industries, Inc. stock logo
UFPI
UFP Industries
$1.61N/A-$1.61N/AN/AN/A  
2/26/2024Q4 2023
Trex Company, Inc. stock logo
TREX
Trex
$0.19$0.20+$0.01$0.20$193.40 million$195.75 million    
2/20/202412/31/2023
UFP Industries, Inc. stock logo
UFPI
UFP Industries
$1.68$1.62-$0.06$1.62$1.61 billion$1.52 billion    
2/14/202412/31/2023
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
$0.54$0.71+$0.17$0.61$618.60 million$658.00 million    

Dividends

CompanyAnnual PayoutDividend Yield3-Year Dividend GrowthPayout RatioYears of Consecutive Growth
Enviva Inc. stock logo
EVA
Enviva
N/AN/A-14.49%N/AN/A
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
$1.041.44%+18.29%42.45%6 Years
Trex Company, Inc. stock logo
TREX
Trex
N/AN/AN/AN/AN/A
UFP Industries, Inc. stock logo
UFPI
UFP Industries
$1.321.18%+30.06%16.38%4 Years

Latest TREX, LPX, EVA, and UFPI Dividends

AnnouncementCompanyPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/1/2024
UFP Industries, Inc. stock logo
UFPI
UFP Industries
Quarterly$0.331.1%2/29/20243/1/20243/15/2024
2/9/2024
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
Quarterly$0.261.47%2/22/20242/23/20243/8/2024
(Data available from 1/1/2013 forward)

Debt

CompanyDebt-to-Equity RatioCurrent RatioQuick Ratio
Enviva Inc. stock logo
EVA
Enviva
6.89
1.42
1.06
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
0.22
3.00
1.54
Trex Company, Inc. stock logo
TREX
Trex
N/A
1.89
0.72
UFP Industries, Inc. stock logo
UFPI
UFP Industries
0.08
4.41
3.12

Ownership

Institutional Ownership

CompanyInstitutional Ownership
Enviva Inc. stock logo
EVA
Enviva
77.83%
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
94.73%
Trex Company, Inc. stock logo
TREX
Trex
95.96%
UFP Industries, Inc. stock logo
UFPI
UFP Industries
81.81%

Insider Ownership

CompanyInsider Ownership
Enviva Inc. stock logo
EVA
Enviva
54.10%
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
1.26%
Trex Company, Inc. stock logo
TREX
Trex
0.71%
UFP Industries, Inc. stock logo
UFPI
UFP Industries
2.58%

Miscellaneous

CompanyEmployeesShares OutstandingFree FloatOptionable
Enviva Inc. stock logo
EVA
Enviva
1,38674.50 million34.19 millionOptionable
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
4,10072.31 million71.40 millionOptionable
Trex Company, Inc. stock logo
TREX
Trex
1,765108.62 million107.85 millionOptionable
UFP Industries, Inc. stock logo
UFPI
UFP Industries
15,80061.53 million59.94 millionOptionable

TREX, LPX, EVA, and UFPI Headlines

SourceHeadline
Louisiana State Employees Retirement System Purchases Shares of 17,400 UFP Industries, Inc. (NASDAQ:UFPI)Louisiana State Employees Retirement System Purchases Shares of 17,400 UFP Industries, Inc. (NASDAQ:UFPI)
marketbeat.com - April 18 at 5:56 AM
Q1 2024 EPS Estimates for UFP Industries, Inc. Increased by Zacks Research (NASDAQ:UFPI)Q1 2024 EPS Estimates for UFP Industries, Inc. Increased by Zacks Research (NASDAQ:UFPI)
americanbankingnews.com - April 18 at 5:48 AM
Q3 2024 EPS Estimates for UFP Industries, Inc. (NASDAQ:UFPI) Reduced by AnalystQ3 2024 EPS Estimates for UFP Industries, Inc. (NASDAQ:UFPI) Reduced by Analyst
americanbankingnews.com - April 18 at 1:46 AM
UFP Industries, Inc. (NASDAQ:UFPI) Forecasted to Post Q3 2024 Earnings of $2.00 Per ShareUFP Industries, Inc. (NASDAQ:UFPI) Forecasted to Post Q3 2024 Earnings of $2.00 Per Share
marketbeat.com - April 17 at 5:24 PM
Mirae Asset Global Investments Co. Ltd. Has $3.46 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)Mirae Asset Global Investments Co. Ltd. Has $3.46 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)
marketbeat.com - April 17 at 4:51 AM
UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by WCM Investment Management LLCUFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by WCM Investment Management LLC
marketbeat.com - April 14 at 10:44 AM
UFPI Crosses Above Average Analyst TargetUFPI Crosses Above Average Analyst Target
nasdaq.com - April 14 at 12:42 AM
Allspring Global Investments Holdings LLC Decreases Stake in UFP Industries, Inc. (NASDAQ:UFPI)Allspring Global Investments Holdings LLC Decreases Stake in UFP Industries, Inc. (NASDAQ:UFPI)
marketbeat.com - April 9 at 9:55 AM
What Does UFP Industries, Inc.s (NASDAQ:UFPI) Share Price Indicate?What Does UFP Industries, Inc.'s (NASDAQ:UFPI) Share Price Indicate?
finance.yahoo.com - April 7 at 12:30 PM
Raymond James Financial Services Advisors Inc. Purchases 32,534 Shares of UFP Industries, Inc. (NASDAQ:UFPI)Raymond James Financial Services Advisors Inc. Purchases 32,534 Shares of UFP Industries, Inc. (NASDAQ:UFPI)
marketbeat.com - April 6 at 4:24 AM
UFP Industries (NASDAQ:UFPI) Stock Rating Lowered by StockNews.comUFP Industries (NASDAQ:UFPI) Stock Rating Lowered by StockNews.com
marketbeat.com - April 4 at 11:10 PM
UFP Industries (UFPI) Suffers a Larger Drop Than the General Market: Key InsightsUFP Industries (UFPI) Suffers a Larger Drop Than the General Market: Key Insights
zacks.com - April 2 at 7:21 PM
Raymond James & Associates Boosts Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)Raymond James & Associates Boosts Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)
marketbeat.com - April 1 at 4:23 AM
UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Copeland Capital Management LLCUFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Copeland Capital Management LLC
marketbeat.com - March 31 at 9:30 AM
$100 Invested In UFP Industries 10 Years Ago Would Be Worth This Much Today$100 Invested In UFP Industries 10 Years Ago Would Be Worth This Much Today
benzinga.com - March 29 at 2:49 PM
UFP Industries (UFPI) Dips More Than Broader Market: What You Should KnowUFP Industries (UFPI) Dips More Than Broader Market: What You Should Know
msn.com - March 27 at 7:22 AM
3 Industrial Stocks Poised for Profits in April3 Industrial Stocks Poised for Profits in April
stocknews.com - March 26 at 12:09 PM
Vanguard Group Inc. Trims Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)Vanguard Group Inc. Trims Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)
marketbeat.com - March 22 at 4:45 AM
Declining Stock and Solid Fundamentals: Is The Market Wrong About UFP Industries, Inc. (NASDAQ:UFPI)?Declining Stock and Solid Fundamentals: Is The Market Wrong About UFP Industries, Inc. (NASDAQ:UFPI)?
finance.yahoo.com - March 21 at 4:38 PM
UFP Industries (UFPI) Laps the Stock Market: Heres WhyUFP Industries (UFPI) Laps the Stock Market: Here's Why
zacks.com - March 20 at 7:21 PM
Royce Investment Partners Commentary: What Is a Quality Compounder?Royce Investment Partners Commentary: What Is a Quality Compounder?
finance.yahoo.com - March 20 at 3:30 PM
Ziegler Capital Management LLC Decreases Stake in UFP Industries, Inc. (NASDAQ:UFPI)Ziegler Capital Management LLC Decreases Stake in UFP Industries, Inc. (NASDAQ:UFPI)
marketbeat.com - March 20 at 11:52 AM
StockNews.com Upgrades UFP Industries (NASDAQ:UFPI) to "Strong-Buy"StockNews.com Upgrades UFP Industries (NASDAQ:UFPI) to "Strong-Buy"
marketbeat.com - March 19 at 11:23 PM
Heres How Much $1000 Invested In UFP Industries 5 Years Ago Would Be Worth TodayHere's How Much $1000 Invested In UFP Industries 5 Years Ago Would Be Worth Today
benzinga.com - March 15 at 9:36 PM

New MarketBeat Followers Over Time

Media Sentiment Over Time

Top Headlines

All Headlines

Company Descriptions

Enviva logo

Enviva

NYSE:EVA
Enviva Inc. produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc. in December 2021. Enviva Inc. was incorporated in 2013 and is headquartered in Bethesda, Maryland. On March 12, 2024, Enviva Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Virginia.
Louisiana-Pacific logo

Louisiana-Pacific

NYSE:LPX
Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products. Its Oriented Strand Board segment manufactures and distributes oriented strand board structural panel products comprising LP TechShield radiant barriers, LP WeatherLogic air and water barriers, LP Legacy premium sub-flooring products, LP NovaCore, LP FlameBlock fire-rated sheathing products, and LP TopNotch sub-flooring products. The LP South America segment manufactures and distributes oriented strand board structural panel and siding products. This segment distributes and sells related products for the region's transition to wood frame construction. It offers timber and timberlands and other products and services. sells its products primarily to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, Asia, Australia, and Europe. The company was incorporated in 1972 and is headquartered in Nashville, Tennessee.
Trex logo

Trex

NYSE:TREX
Trex Company, Inc. manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps. The company also provides Trex Transcend Railing products that are used in Trex decking products and other decking materials; Trex Select Railing products for a simple clean finished look; Trex Enhance Railing system; Trex Signature aluminum railing for a contemporary look; and Trex Select T-Rail railing products. In addition, it offers Trex Seclusions, a fencing product that includes structural posts, bottom and top rails, pickets, and decorative post caps. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-alternative composite decking; Trex SpiralStairs and structural steel posts; and Trex Outdoor Kitchens, cabinetry, and Storage products. It sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia.
UFP Industries logo

UFP Industries

NASDAQ:UFPI
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. This segment also offers wood plastic composites, composite decking, and related decking accessories, including non- aluminum railing systems, balusters, post caps, and other products, as well as pre-painted and primed shiplap and project boards. The Packaging segment provides custom and structural packaging products, pallets, corrugate, foam, labels, strapping, and films. The construction segment offers roof trusses, cut-to-size dimensional and board lumber, plywoods, and oriented strand boards; engineered wood components, including roof and floor trusses, wall panels, I-joists, and lumber packages; and alternate materials components, such as metal trusses, sheathed and pre-finished light gauge metal wall panels, aluminum decks, and rail accessories, as well as distributes siding, electrical, and plumbing products. This segment also engages in the manufacture of components; design, manufacture, and supply of wood forms and related products to set or form concrete for structures, such as parking garages, stadiums, and other infrastructure projects. It also offers interior fixtures, millwork, and casework for retail and commercial structures. The company was formerly known as Universal Forest Products, Inc. and changed its name to UFP Industries, Inc. in April 2020. UFP Industries, Inc. was incorporated in 1955 and is headquartered in Grand Rapids, Michigan.