UFP Industries FY2027 EPS Estimate Cut by Zacks Research

Key Points

• Zacks Research has cut its FY2027 earnings estimate for UFP Industries from $7.16 to $7.14 per share, maintaining a "Strong Sell" rating on the stock.
• UFP Industries reported quarterly earnings of $1.70 per share, below the consensus estimate of $1.95, along with a 3.5% year-over-year revenue decline.
• The company recently declared a quarterly dividend of $0.35 per share, yielding 1.4%, with a current payout ratio of 24.31%.

UFP Industries, Inc. (NASDAQ:UFPI - Free Report) - Stock analysts at Zacks Research cut their FY2027 earnings per share estimates for shares of UFP Industries in a research report issued to clients and investors on Thursday, September 18th. Zacks Research analyst Team now forecasts that the construction company will post earnings of $7.14 per share for the year, down from their prior estimate of $7.16. Zacks Research has a "Strong Sell" rating on the stock. The consensus estimate for UFP Industries' current full-year earnings is $7.08 per share.

Separately, Loop Capital initiated coverage on UFP Industries in a research report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $134.00.

UFP Industries Stock Performance

UFPI stock traded down $0.70 during trading on Friday, reaching $94.49. 95,784 shares of the company's stock were exchanged, compared to its average volume of 425,879. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. UFP Industries has a 1-year low of $93.00 and a 1-year high of $141.33. The company's fifty day moving average price is $101.08 and its 200-day moving average price is $102.08. The firm has a market cap of $5.53 billion, a PE ratio of 16.40 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.25). UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted $2.05 EPS. The company's revenue was down 3.5% compared to the same quarter last year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 29th. UFP Industries's payout ratio is currently 24.31%.

Hedge Funds Weigh In On UFP Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in UFP Industries by 17.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company's stock worth $401,550,000 after purchasing an additional 568,741 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of UFP Industries by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company's stock valued at $205,237,000 after buying an additional 25,903 shares during the last quarter. Boston Partners raised its position in UFP Industries by 25.7% in the second quarter. Boston Partners now owns 1,847,503 shares of the construction company's stock worth $183,569,000 after purchasing an additional 378,203 shares in the last quarter. Geode Capital Management LLC raised its position in UFP Industries by 2.4% in the second quarter. Geode Capital Management LLC now owns 1,594,161 shares of the construction company's stock worth $158,413,000 after purchasing an additional 37,534 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in UFP Industries by 5.1% in the second quarter. Wasatch Advisors LP now owns 1,408,538 shares of the construction company's stock worth $139,952,000 after purchasing an additional 67,849 shares in the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

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.