NewEdge Wealth LLC Takes Position in UFP Industries, Inc. $UFPI

Key Points

• NewEdge Wealth acquired 21,149 shares of UFP Industries during the second quarter, valued at approximately $1.9 million. Institutional investors collectively own 81.81% of UFPI’s outstanding stock.
• UFP Industries recently beat quarterly expectations, reporting $1.48 in earnings per share versus the $1.37 consensus estimate and revenue of $1.88 billion versus $1.79 billion expected. The company also declared a quarterly dividend of $0.36 per share, yielding about 1.6% annually.
• Despite the earnings beat, Zacks reduced several 2026 and 2027 earnings estimates, including cutting FY2026 EPS to $4.55 from $4.71. UFPI shares opened at $88.12, while analysts maintain a “Moderate Buy” consensus with an average price target of $103.75.

NewEdge Wealth LLC acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,149 shares of the construction company's stock, valued at approximately $1,919,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UFPI. Commonwealth Equity Services LLC boosted its stake in UFP Industries by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,197 shares of the construction company's stock valued at $291,000 after purchasing an additional 92 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of UFP Industries by 2.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,648 shares of the construction company's stock valued at $423,000 after buying an additional 97 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of UFP Industries by 54.8% in the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company's stock valued at $32,000 after buying an additional 114 shares during the period. SkyView Investment Advisors LLC boosted its stake in UFP Industries by 1.3% during the fourth quarter. SkyView Investment Advisors LLC now owns 9,133 shares of the construction company's stock valued at $832,000 after buying an additional 114 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in UFP Industries by 1.1% during the fourth quarter. ProShare Advisors LLC now owns 12,972 shares of the construction company's stock worth $1,181,000 after acquiring an additional 145 shares during the period. Institutional investors own 81.81% of the company's stock.

UFP Industries News Summary

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

• Positive Sentiment: Zacks raised its Q4 2026 EPS estimate to $1.02 from $1.01, increased Q2 2027 EPS to $1.61 from $1.51, and lifted its FY2028 forecast to $6.73 from $6.69. These upgrades indicate some confidence in longer-term earnings growth. Zacks Research estimate revisions for UFP Industries
• Neutral Sentiment: The updated estimates call for FY2026 EPS of $4.55, close to the broader consensus estimate of $4.56. Zacks projects FY2028 EPS of $6.73, implying meaningful growth over the intervening years, but its unchanged “Hold” rating signals limited conviction in near-term upside. UFP Industries earnings estimates
• Negative Sentiment: Zacks cut its Q3 2026 EPS estimate sharply to $1.16 from $1.31 and reduced FY2026 EPS to $4.55 from $4.71. It also lowered estimates for Q1 2027, Q3 2027, Q4 2027 and Q1 2028. The broad downward revisions to 2026 and several 2027 periods may weigh on UFPI shares by raising concerns about near-term demand, margins or operating conditions. Zacks Research lowers UFP Industries earnings estimates

UFP Industries Trading Down 2.5%

Shares of NASDAQ UFPI opened at $88.12 on Friday. UFP Industries, Inc. has a 12 month low of $77.89 and a 12 month high of $118.00. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 20.21 and a beta of 1.23. The company has a quick ratio of 2.64, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $88.04 and a 200-day simple moving average of $91.51.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.79 billion. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%. Sell-side analysts predict that UFP Industries, Inc. will post 4.51 EPS for the current year.

UFP Industries Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings raised shares of UFP Industries from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, August 6th. DA Davidson lowered their price objective on shares of UFP Industries from $110.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. Zacks Research upgraded shares of UFP Industries from a "strong sell" rating to a "hold" rating in a report on Friday, July 31st. Benchmark cut their target price on shares of UFP Industries from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, May 1st. Finally, Stifel Nicolaus reduced their target price on shares of UFP Industries from $100.00 to $87.00 and set a "hold" rating for the company in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.75.

UFP Industries 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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