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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:UFPI

UFP Industries Stock Forecast, Price & News

$67.35
+1.73 (+2.64%)
(As of 06/24/2022 04:00 PM ET)
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Today's Range
$66.23
$68.94
50-Day Range
$65.13
$83.15
52-Week Range
$64.13
$94.80
Volume
622,700 shs
Average Volume
314,029 shs
Market Capitalization
$4.23 billion
P/E Ratio
6.79
Dividend Yield
1.48%
Price Target
$94.60
30 days | 90 days | 365 days | Advanced Chart

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UFPI Stock Forecast (MarketRank)

Overall MarketRank

2.74 out of 5 stars

Construction Sector

36th out of 134 stocks

Sawmills & Planing Mills, General Industry

1st out of 2 stocks

Analyst Opinion: 3.3Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
UFP Industries logo

About UFP Industries (NASDAQ:UFPI)

UFP Industries, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products. This segment serves national home center retailers, and retail-oriented regional and contractor-oriented lumberyards under the ProWood, ProWood FR, Deckorators, UFP-Edge, Outdoor Essentials, Dimensions, and Handprint trademarks. The Industrial segment provides pallets, specialty crates, wooden boxes, and other containers and products that are used for packaging, shipping, and material handling applications, as well as various other protective packaging applications. The construction segment offers roof trusses, cut and shaped lumbers, plywood, oriented strand boards, and dimensional lumbers; and engineered wood components, including roof and floor trusses, wall panels, I-joists, and lumber packages, as well as distributes siding, electrical, and plumbing products to factory-built housing and recreational vehicle customers. This segment also engages in the manufacture of components; design, manufacture, and supply of wood forms and related products to set or form concrete for structures, such as parking garages, stadiums, and bridges, as well as provides farming services for builders. It also offers interior fixtures, millwork, and casework for retail, commercial, and other structures; and structural wood packaging, other packing materials, and original equipment manufacturer components for various industries. The company was formerly known as Universal Forest Products, Inc. and changed its name to UFP Industries, Inc. in April 2020. UFP Industries, Inc. was founded in 1955 and is headquartered in Grand Rapids, Michigan.

UFPI Stock News Headlines

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Industry, Sector and Symbol

Industry
Sawmills & planing mills, general
Sub-Industry
Building Products
Current Symbol
NASDAQ:UFPI
CUSIP
91354310
Employees
15,000
Year Founded
1955

Company Calendar

Last Earnings
4/21/2022
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
6/26/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$94.60
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$88.00
Forecasted Upside/Downside
+40.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66666666666667
Research Coverage
3 Analysts

Profitability

Net Income
$535.64 million
Pretax Margin
9.08%

Debt

Sales & Book Value

Annual Sales
$8.64 billion
Cash Flow
$10.08 per share
Book Value
$32.58 per share

Miscellaneous

Free Float
60,388,000
Market Cap
$4.23 billion
Optionable
Optionable
Beta
1.40

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UFP Industries Frequently Asked Questions

Should I buy or sell UFP Industries stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for UFP Industries in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" UFP Industries stock.
View analyst ratings for UFP Industries
or view top-rated stocks.

What is UFP Industries' stock price forecast for 2022?

3 Wall Street research analysts have issued 12 month price targets for UFP Industries' shares. Their UFPI stock forecasts range from $88.00 to $105.00. On average, they expect UFP Industries' stock price to reach $94.60 in the next twelve months. This suggests a possible upside of 40.5% from the stock's current price.
View analysts' price targets for UFP Industries
or view top-rated stocks among Wall Street analysts.

How has UFP Industries' stock price performed in 2022?

UFP Industries' stock was trading at $92.01 at the start of the year. Since then, UFPI shares have decreased by 26.8% and is now trading at $67.35.
View the best growth stocks for 2022 here
.

When is UFP Industries' next earnings date?

UFP Industries is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for UFP Industries
.

How were UFP Industries' earnings last quarter?

UFP Industries, Inc. (NASDAQ:UFPI) posted its quarterly earnings data on Thursday, April, 21st. The construction company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.99. The construction company earned $2.49 billion during the quarter, compared to analyst estimates of $2.06 billion. UFP Industries had a net margin of 6.69% and a trailing twelve-month return on equity of 31.01%. UFP Industries's revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS.
View UFP Industries' earnings history
.

How often does UFP Industries pay dividends? What is the dividend yield for UFP Industries?

UFP Industries announced a quarterly dividend on Wednesday, April 20th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.25 per share on Wednesday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, May 31st. This is a boost from UFP Industries's previous quarterly dividend of $0.20.
View UFP Industries' dividend history
.

Is UFP Industries a good dividend stock?

UFP Industries(NASDAQ:UFPI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.48%. UFP Industries has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of UFP Industries is 10.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UFP Industries will have a dividend payout ratio of 11.15% next year. This indicates that UFP Industries will be able to sustain or increase its dividend.
View UFP Industries' dividend history.

When did UFP Industries' stock split? How did UFP Industries' stock split work?

UFP Industries shares split on the morning of Wednesday, November 15th 2017. The 3-1 split was announced on Wednesday, October 18th 2017. The newly issued shares were payable to shareholders after the market closes on Tuesday, November 14th 2017. An investor that had 100 shares of UFP Industries stock prior to the split would have 300 shares after the split.

Who are UFP Industries' key executives?

UFP Industries' management team includes the following people:
  • Mr. Matthew Jon Missad CPA, CPA, CEO & Director (Age 61, Pay $2.51M)
  • Mr. Patrick M. Webster, Pres & COO (Age 62, Pay $1.51M) (LinkedIn Profile)
  • Mr. Michael Richard Cole, CFO & Treasurer (Age 55, Pay $1.36M)
  • Mr. Patrick M. Benton, Pres of UFP Construction LLC (Age 52, Pay $926.31k) (LinkedIn Profile)
  • Mr. Scott A. Worthington, Pres of UFP Industrial LLC (Age 51, Pay $806.08k)
  • Mr. Scott T. Bravata, VP of Accounting & Admin. (Age 57) (LinkedIn Profile)
  • Dick Gauthier, VP of Communications & Investor Relations
  • Mr. David A. Tutas, Chief Compliance Officer, Gen. Counsel & Sec. (Age 52)
  • Mr. Donald L. James, Exec. VP of National Sales (Age 62)
  • Mr. Robert D. Coleman, Exec. VP of Manufacturing (Age 67)

What is Matthew J. (Matt) Missad's approval rating as UFP Industries' CEO?

66 employees have rated UFP Industries CEO Matthew J. (Matt) Missad on Glassdoor.com. Matthew J. (Matt) Missad has an approval rating of 85% among UFP Industries' employees.

What other stocks do shareholders of UFP Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other UFP Industries investors own include Advanced Micro Devices (AMD), Lowe's Companies (LOW), Taiwan Semiconductor Manufacturing (TSM), Micron Technology (MU), Weyerhaeuser (WY), Chipotle Mexican Grill (CMG), NVIDIA (NVDA), Target (TGT), Alibaba Group (BABA) and D.R. Horton (DHI).

What is UFP Industries' stock symbol?

UFP Industries trades on the NASDAQ under the ticker symbol "UFPI."

Who are UFP Industries' major shareholders?

UFP Industries' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.17%), Vanguard Group Inc. (11.43%), Dimensional Fund Advisors LP (4.25%), State Street Corp (3.15%), Victory Capital Management Inc. (2.81%) and Northern Trust Corp (1.55%). Company insiders that own UFP Industries stock include Allen T Peters, Benjamin J Mclean, Bruce A Merino, David A Tutas, Donald L James, Matthew J Missad, Michael F Mordell, Michael G Wooldridge, Michael R Cole, Patrick M Benton, Patrick M Benton, Patrick M Webster, Robert D Coleman, Scott T Bravata, Scott T Bravata and William G Currie.
View institutional ownership trends for UFP Industries
.

Which institutional investors are selling UFP Industries stock?

UFPI stock was sold by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Dimensional Fund Advisors LP, Foundry Partners LLC, Assenagon Asset Management S.A., GW&K Investment Management LLC, Prudential Financial Inc., Clark Capital Management Group Inc., and Royce & Associates LP. Company insiders that have sold UFP Industries company stock in the last two years include Allen T Peters, Bruce A Merino, Matthew J Missad, Michael R Cole, Patrick M Benton, Patrick M Webster, Scott T Bravata, and William G Currie.
View insider buying and selling activity for UFP Industries
or view top insider-selling stocks.

Which institutional investors are buying UFP Industries stock?

UFPI stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Healthcare of Ontario Pension Plan Trust Fund, Goldman Sachs Group Inc., Renaissance Technologies LLC, First Trust Advisors LP, Vanguard Group Inc., Wedge Capital Management L L P NC, and State Street Corp.
View insider buying and selling activity for UFP Industries
or or view top insider-buying stocks.

How do I buy shares of UFP Industries?

Shares of UFPI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is UFP Industries' stock price today?

One share of UFPI stock can currently be purchased for approximately $67.35.

How much money does UFP Industries make?

UFP Industries (NASDAQ:UFPI) has a market capitalization of $4.22 billion and generates $8.64 billion in revenue each year. The construction company earns $535.64 million in net income (profit) each year or $9.92 on an earnings per share basis.

How many employees does UFP Industries have?

UFP Industries employs 15,000 workers across the globe.

When was UFP Industries founded?

UFP Industries was founded in 1955.

How can I contact UFP Industries?

UFP Industries' mailing address is 2801 East Beltline NE, Grand Rapids MI, 49525. The official website for UFP Industries is www.ufpi.com. The construction company can be reached via phone at (800) 598-9663 or via fax at 616-361-8302.

This page (NASDAQ:UFPI) was last updated on 6/27/2022 by MarketBeat.com Staff

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