UFP Industries, Inc. (NASDAQ:UFPI) Stock Has Consensus Target Price of $103.25 According to Analysts

Key Points

• Analyst sentiment is mixed: Seven brokerages give UFP Industries an average “Hold” rating, with three buys, two holds, and two sells. Their average 1-year price target is $103.25.
• Quarterly results were mixed: UFP reported EPS of $1.05, below the $1.20 consensus estimate, while revenue of $1.73 billion exceeded the $1.60 billion estimate.
• The company declared a quarterly dividend of $0.36 per share, equivalent to $1.44 annually and a 1.7% yield.

Shares of UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) have been given an average rating of "Hold" by the seven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $103.25.

Several brokerages recently issued reports on UFPI. Stifel Nicolaus set a $85.00 target price on UFP Industries and gave the stock a "hold" rating in a research report on Monday, October 26th. DA Davidson reiterated a "buy" rating and issued a $105.00 price target on shares of UFP Industries in a research report on Tuesday, October 27th. Zacks Research cut UFP Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Oppenheimer started coverage on UFP Industries in a research report on Wednesday, September 30th. They set a "market perform" rating for the company. Finally, Weiss Ratings downgraded UFP Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, October 12th.

UFP Industries Trading Down 3.9%

UFPI opened at $82.97 on Friday. UFP Industries has a fifty-two week low of $73.72 and a fifty-two week high of $118.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.86 and a quick ratio of 2.58. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 20.14 and a beta of 1.14. The company's 50 day moving average price is $80.36 and its two-hundred day moving average price is $89.23.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.15). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.60 billion. UFP Industries had a net margin of 3.61% and a return on equity of 7.53%. As a group, research analysts predict that UFP Industries will post 4.26 earnings per share for the current year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 1st. UFP Industries's dividend payout ratio is currently 34.95%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its stake in UFP Industries by 1.4% in the third quarter. Illinois Municipal Retirement Fund now owns 17,482 shares of the construction company's stock valued at $1,350,000 after buying an additional 237 shares during the period. Keybank National Association OH bought a new position in shares of UFP Industries during the 3rd quarter worth approximately $313,000. Fulcrum Asset Management LLP bought a new position in shares of UFP Industries during the 3rd quarter worth approximately $81,000. Heritage Family Offices LLP bought a new position in shares of UFP Industries during the 3rd quarter worth approximately $79,000. Finally, Covestor Ltd grew its position in shares of UFP Industries by 32.2% during the 3rd quarter. Covestor Ltd now owns 1,059 shares of the construction company's stock worth $82,000 after buying an additional 258 shares during the period. Institutional investors own 81.81% of the company's stock.

UFP Industries Company Profile

UFP Industries, Inc is a diversified manufacturer and distributor of wood, composite and other products serving the retail, construction and industrial markets. The company supplies materials and components used in outdoor living, residential and commercial construction, manufactured housing, packaging and a range of industrial applications.

Its products include treated lumber, decking, fencing, landscaping products, roof trusses, wall panels, wood components, pallets, crates, specialty packaging and other custom-engineered products.

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