UFP Industries (UFPI) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for UFP Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" UFPI shares.
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1 Wall Street analysts have issued 12-month price targets for UFP Industries' shares. Their UFPI share price forecasts range from $100.00 to $112.00. On average, they anticipate the company's stock price to reach $104.40 in the next year. This suggests a possible upside of 29.2% from the stock's current price.
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UFP Industries' stock was trading at $79.25 at the start of the year. Since then, UFPI stock has increased by 1.9% and is now trading at $80.79.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our UFPI earnings forecast.

UFP Industries, Inc. (NASDAQ:UFPI) announced its quarterly earnings results on Tuesday, May, 2nd. The construction company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.33. The construction company earned $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. UFP Industries had a trailing twelve-month return on equity of 24.92% and a net margin of 7.02%. The firm's revenue for the quarter was down 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.00 EPS.

UFP Industries announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.25 per share on Thursday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for UFPI.

ETFs with the largest weight of UFP Industries (NASDAQ:UFPI) stock in their portfolio include First Trust Dorsey Wright Momentum & Value ETF (DVLU), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Opus Small Cap Value Plus ETF (OSCV), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), iShares U.S. Home Construction ETF (ITB), Distillate Small/Mid Cash Flow ETF (DSMC) and First Trust Active Factor Mid Cap ETF (AFMC).

UFP Industries (NASDAQ:UFPI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.24%. The company 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 is 10.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UFPI will have a dividend payout ratio of 11.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UFPI.

Shares of UFP Industries split before market open on Wednesday, November 15th 2017. The 3-1 split was announced on Wednesday, October 18th 2017. The newly created shares were distributed to shareholders after the closing bell on Tuesday, November 14th 2017. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

66 employees have rated UFP Industries Chief Executive Officer Matthew J. (Matt) Missad on Glassdoor.com. Matthew J. (Matt) Missad has an approval rating of 85% among the company's employees.

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).

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

UFP Industries' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.95%), Dimensional Fund Advisors LP (4.37%), State Street Corp (3.31%), Franklin Resources Inc. (3.20%), Victory Capital Management Inc. (2.94%) and Geode Capital Management LLC (2.03%). Insiders that own company stock include Allen T Peters, Benjamin J Mclean, Bruce A Merino, David A Tutas, Matthew J Missad, Michael R Cole, Patrick M Benton, Patrick M Benton, Patrick M Webster, Scott T Bravata, Scott T Bravata and William G Currie.
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Shares of UFPI stock 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.
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One share of UFPI stock can currently be purchased for approximately $80.79.

UFP Industries (NASDAQ:UFPI) has a market capitalization of $4.98 billion and generates $9.63 billion in revenue each year. The construction company earns $692.65 million in net income (profit) each year or $9.97 on an earnings per share basis.

The company employs 15,500 workers across the globe.

UFP Industries' mailing address is 2801 East Beltline NE, Grand Rapids MI, 49525. The official website for the company is www.ufpi.com. The construction company can be reached via phone at (616) 364-6161 or via fax at 616-361-8302.