BlackRock Inc. Takes $688.06 Million Position in UFP Industries, Inc. $UFPI

Key Points

• BlackRock acquired 7.58 million UFP Industries shares worth approximately $688.1 million, giving it a 13.43% stake. Overall, institutional investors own 81.81% of the company.
• UFP Industries beat quarterly expectations with EPS of $1.48 versus the $1.37 consensus and revenue of $1.88 billion versus $1.79 billion expected. The company also declared a quarterly dividend of $0.36 per share, yielding approximately 1.6% annually.
• Analyst sentiment is mixed but leans positive, with a consensus rating of “Moderate Buy” and a $103.75 price target versus the stock’s $88.80 opening price. However, several near-term and full-year earnings forecasts were reduced, while longer-term estimates were modestly raised.

BlackRock Inc. purchased a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,582,797 shares of the construction company's stock, valued at approximately $688,063,000. BlackRock Inc. owned 13.43% of UFP Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in UFP Industries during the fourth quarter valued at $75,183,000. Wasatch Advisors LP boosted its position in UFP Industries by 32.9% in the first quarter. Wasatch Advisors LP now owns 2,037,908 shares of the construction company's stock worth $187,732,000 after purchasing an additional 504,609 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of UFP Industries during the 2nd quarter valued at about $34,067,000. River Road Asset Management LLC grew its stake in shares of UFP Industries by 64.1% during the 4th quarter. River Road Asset Management LLC now owns 879,935 shares of the construction company's stock valued at $80,118,000 after purchasing an additional 343,830 shares during the period. Finally, Millennium Management LLC increased its position in shares of UFP Industries by 209.9% during the 3rd quarter. Millennium Management LLC now owns 425,336 shares of the construction company's stock valued at $39,765,000 after purchasing an additional 288,093 shares during the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Stock Performance

Shares of NASDAQ UFPI opened at $88.80 on Monday. The firm has a fifty day moving average price of $88.12 and a 200-day moving average price of $91.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 2.64. The stock has a market cap of $4.90 billion, a PE ratio of 20.37 and a beta of 1.23. UFP Industries, Inc. has a 1 year low of $77.89 and a 1 year high of $118.00.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.79 billion. UFP Industries had a net margin of 3.99% and a return on equity of 8.00%. Equities analysts anticipate that UFP Industries, Inc. will post 4.51 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.6%. UFP Industries's dividend payout ratio (DPR) is currently 33.03%.

UFP Industries News Roundup

Here are the key news stories impacting UFP Industries this week:

• Positive Sentiment: Zacks raised its Q2 2027 EPS forecast to $1.61 from $1.51, lifted its Q4 2026 forecast to $1.02 from $1.01, and increased its Q2 2028 estimate to $1.95 from $1.91.
• Positive Sentiment: The firm also raised its FY2028 EPS outlook to $6.73 from $6.69, indicating expectations for stronger longer-term earnings growth.
• Neutral Sentiment: Zacks left its current full-year consensus reference at approximately $4.56 EPS and retained a Hold rating. The revisions therefore represent a mixed outlook rather than a broad upgrade to the stock.
• Negative Sentiment: Zacks sharply reduced its Q3 2026 EPS forecast to $1.16 from $1.31 and cut FY2026 EPS to $4.55 from $4.71. These reductions could weigh on near-term sentiment and imply softer operating results than previously expected.
• Negative Sentiment: Additional modest cuts affected Q1 2027 EPS, now estimated at $1.29 versus $1.32; Q3 2027 EPS, at $1.38 versus $1.44; Q4 2027 EPS, at $1.16 versus $1.17; and Q1 2028 EPS, at $1.55 versus $1.56.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UFPI. Benchmark lowered their price objective on shares of UFP Industries from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. Zacks Research raised shares of UFP Industries from a "strong sell" rating to a "hold" rating in a report on Friday, July 31st. Stifel Nicolaus decreased their price target on shares of UFP Industries from $100.00 to $87.00 and set a "hold" rating on the stock in a research report on Monday, May 11th. DA Davidson decreased their price target on shares of UFP Industries from $110.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 1st. Finally, BMO Capital Markets upgraded shares of UFP Industries from a "market perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research note on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.75.

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.

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