UFP Industries (NASDAQ:UFPI - Get Free Report) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect UFP Industries to post earnings of $1.61 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.06). The company had revenue of $1.52 billion during 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 quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 earnings per share. On average, analysts expect UFP Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
UFP Industries Trading Up 1.3 %
UFPI traded up $1.44 during trading on Tuesday, reaching $114.02. The company had a trading volume of 287,987 shares, compared to its average volume of 281,318. The stock has a market cap of $7.02 billion, a P/E ratio of 14.15 and a beta of 1.49. The business has a 50 day simple moving average of $116.00 and a 200-day simple moving average of $113.13. UFP Industries has a 52 week low of $76.01 and a 52 week high of $128.65. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08.
UFP Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.16%. This is an increase from UFP Industries's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 29th. UFP Industries's dividend payout ratio (DPR) is 16.38%.
Insider Transactions at UFP Industries
In related news, CEO Matthew J. Missad sold 5,018 shares of UFP Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total transaction of $572,302.90. Following the completion of the sale, the chief executive officer now owns 363,328 shares of the company's stock, valued at $41,437,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.58% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Wedbush restated a "neutral" rating and issued a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Benchmark lifted their target price on UFP Industries from $120.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Stifel Nicolaus lifted their target price on UFP Industries from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Finally, StockNews.com lowered UFP Industries from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, UFP Industries has an average rating of "Moderate Buy" and an average target price of $114.00.
View Our Latest Analysis on UFPI
UFP Industries Company Profile
(
Get Free Report)
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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