UFP Industries (NASDAQ:UFPI) Stock Rating Lowered by StockNews.com

UFP Industries (NASDAQ:UFPI - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Thursday.

UFPI has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of UFP Industries from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Wedbush reaffirmed a "neutral" rating and issued a $102.00 target price on shares of UFP Industries in a research report on Thursday, February 22nd. Finally, Benchmark boosted their price target on shares of UFP Industries from $120.00 to $137.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, UFP Industries currently has a consensus rating of "Moderate Buy" and an average target price of $114.00.

UFP Industries Trading Down 2.7 %

Shares of UFPI stock traded down $3.33 on Thursday, reaching $118.21. 309,680 shares of the company's stock were exchanged, compared to its average volume of 283,128. The company's fifty day simple moving average is $116.27 and its 200 day simple moving average is $111.86. The stock has a market capitalization of $7.27 billion, a PE ratio of 14.67 and a beta of 1.49. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. UFP Industries has a 52 week low of $75.65 and a 52 week high of $128.65.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.06). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The firm's revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 earnings per share. As a group, analysts forecast that UFP Industries will post 7.39 EPS for the current year.

Insiders Place Their Bets

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total value of $572,302.90. Following the completion of the transaction, the chief executive officer now directly owns 363,328 shares of the company's stock, valued at $41,437,558.40. The sale was disclosed in a filing with the SEC, which is available at this link. 2.58% of the stock is owned by insiders.

Institutional Trading of UFP Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new stake in UFP Industries during the 4th quarter worth about $27,000. GAMMA Investing LLC acquired a new position in UFP Industries in the fourth quarter worth $30,000. Advisors Asset Management Inc. acquired a new position in shares of UFP Industries during the third quarter valued at $28,000. SRS Capital Advisors Inc. increased its stake in UFP Industries by 218.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company's stock valued at $36,000 after purchasing an additional 197 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of UFP Industries during the fourth quarter worth $49,000. Institutional investors and hedge funds own 81.81% of the company's stock.

About UFP Industries

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.

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