Brokerages Set UFP Industries, Inc. (NASDAQ:UFPI) PT at $136.80

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three 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 $136.80.

Separately, Loop Capital assumed coverage on UFP Industries in a research report on Wednesday. They set a "hold" rating and a $112.00 target price for the company.

UFP Industries Stock Performance

Shares of UFPI stock traded up $1.10 during mid-day trading on Wednesday, reaching $104.84. The stock had a trading volume of 290,396 shares, compared to its average volume of 445,389. The firm's 50 day simple moving average is $100.31 and its 200 day simple moving average is $105.81. The company has a quick ratio of 3.44, a current ratio of 4.96 and a debt-to-equity ratio of 0.07. UFP Industries has a one year low of $93.00 and a one year high of $141.33. The firm has a market cap of $6.33 billion, a PE ratio of 17.16 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its earnings results on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.27). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a return on equity of 11.78% and a net margin of 5.64%. UFP Industries's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 EPS. On average, analysts forecast that UFP Industries will post 7.08 EPS for the current year.

Hedge Funds Weigh In On UFP Industries

Several institutional investors have recently bought and sold shares of UFPI. Putney Financial Group LLC acquired a new stake in shares of UFP Industries in the 4th quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of UFP Industries during the first quarter worth $36,000. Caitong International Asset Management Co. Ltd grew its stake in shares of UFP Industries by 39.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock worth $45,000 after purchasing an additional 119 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of UFP Industries during the second quarter worth $59,000. Finally, Kapitalo Investimentos Ltda bought a new position in UFP Industries during the fourth quarter worth about $61,000. Institutional investors 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.