UFP Industries, Inc. (NASDAQ:UFPI) Given Average Rating of "Hold" by Analysts

Key Points

• UFP Industries has received a consensus rating of "Hold" from analysts, with one sell, two hold, and two buy recommendations.
• The company's quarterly earnings fell short of estimates, reporting $1.70 EPS compared to the expected $1.95, and a year-over-year revenue decline of 3.5%.
• UFP Industries also announced a quarterly dividend of $0.35, representing a 1.5% dividend yield, with a payout ratio of 24.31%.

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) has received a consensus rating of "Hold" from the five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $134.00.

UFPI has been the topic of several research reports. Weiss Ratings restated a "hold (c)" rating on shares of UFP Industries in a research note on Saturday, September 27th. Loop Capital started coverage on UFP Industries in a report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 price objective on the stock. Finally, Zacks Research downgraded UFP Industries from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in UFP Industries by 22,107.5% during the 1st quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock worth $17,186,000 after buying an additional 159,837 shares in the last quarter. Impact Capital Partners LLC lifted its holdings in UFP Industries by 26.8% during the 1st quarter. Impact Capital Partners LLC now owns 6,194 shares of the construction company's stock worth $663,000 after buying an additional 1,311 shares in the last quarter. UMB Bank n.a. lifted its holdings in UFP Industries by 182.1% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after buying an additional 366 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in UFP Industries by 6.5% during the 1st quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock worth $238,000 after buying an additional 136 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in UFP Industries by 10.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 56,550 shares of the construction company's stock worth $6,053,000 after buying an additional 5,141 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Stock Performance

Shares of UFP Industries stock traded down $1.07 during trading on Friday, reaching $92.18. The company's stock had a trading volume of 310,042 shares, compared to its average volume of 372,113. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. The business's fifty day moving average price is $99.29 and its 200-day moving average price is $101.30. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. UFP Industries has a one year low of $91.16 and a one year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 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 during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that UFP Industries will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

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

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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