Zacks Research Reduces Earnings Estimates for UFP Industries

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) - Equities research analysts at Zacks Research cut their FY2027 earnings per share (EPS) estimates for 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 per share of $7.14 for the year, down from their previous 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 assumed coverage on UFP Industries in a report on Wednesday, July 23rd. They issued 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 given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $134.00.

UFP Industries Stock Down 2.9%

NASDAQ UFPI traded down $2.88 during trading on Friday, hitting $95.32. The company's stock had a trading volume of 1,485,851 shares, compared to its average volume of 309,430. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. The company has a market cap of $5.58 billion, a PE ratio of 16.55 and a beta of 1.47. The business's 50 day simple moving average is $101.27 and its 200-day simple moving average is $102.22. UFP Industries has a fifty-two week low of $93.00 and a fifty-two week high of $141.33.

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

UFP Industries Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UFPI. Cetera Investment Advisers raised its position in UFP Industries by 8.6% during the fourth quarter. Cetera Investment Advisers now owns 2,718 shares of the construction company's stock valued at $306,000 after acquiring an additional 215 shares in the last quarter. Quantinno Capital Management LP raised its position in UFP Industries by 38.4% during the fourth quarter. Quantinno Capital Management LP now owns 3,392 shares of the construction company's stock valued at $382,000 after acquiring an additional 942 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of UFP Industries by 10.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,512 shares of the construction company's stock valued at $396,000 after buying an additional 318 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of UFP Industries by 17.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,166 shares of the construction company's stock valued at $13,199,000 after buying an additional 17,669 shares in the last quarter. Finally, Palisades Investment Partners LLC increased its position in shares of UFP Industries by 9.3% in the fourth quarter. Palisades Investment Partners LLC now owns 22,827 shares of the construction company's stock valued at $2,571,000 after buying an additional 1,948 shares in the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Company Profile

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.