Zacks Research Expects Weaker Earnings for UFP Industries

UFP Industries, Inc. (NASDAQ:UFPI) – Stock analysts at Zacks Research dropped their FY2024 EPS estimates for UFP Industries in a note issued to investors on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the construction company will earn $6.93 per share for the year, down from their prior estimate of $7.30. The consensus estimate for UFP Industries’ current full-year earnings is $7.01 per share. Zacks Research also issued estimates for UFP Industries’ Q4 2024 earnings at $1.28 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $2.17 EPS, Q3 2025 earnings at $1.94 EPS, Q4 2025 earnings at $1.58 EPS, FY2025 earnings at $7.41 EPS, Q1 2026 earnings at $1.88 EPS, Q2 2026 earnings at $2.40 EPS, Q3 2026 earnings at $2.02 EPS and FY2026 earnings at $8.07 EPS.

Several other brokerages have also recently issued reports on UFPI. Wedbush restated an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. BMO Capital Markets increased their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Benchmark boosted their price target on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus increased their price objective on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, UFP Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Trading Down 0.8 %

UFPI opened at $128.13 on Wednesday. UFP Industries has a 12 month low of $107.49 and a 12 month high of $139.54. The stock has a fifty day moving average price of $130.05 and a 200-day moving average price of $122.22. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 17.62 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business earned $2.10 EPS. UFP Industries’s revenue for the quarter was down 9.8% compared to the same quarter last year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.03%. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

Hedge Funds Weigh In On UFP Industries

Large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its position in UFP Industries by 21.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,890 shares of the construction company’s stock valued at $2,570,000 after acquiring an additional 3,701 shares in the last quarter. Blair William & Co. IL grew its position in shares of UFP Industries by 42.6% in the 1st quarter. Blair William & Co. IL now owns 6,509 shares of the construction company’s stock worth $801,000 after acquiring an additional 1,943 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of UFP Industries in the 1st quarter worth about $1,214,000. O Shaughnessy Asset Management LLC boosted its stake in UFP Industries by 4.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,455 shares of the construction company’s stock valued at $2,270,000 after acquiring an additional 816 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of UFP Industries by 0.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company’s stock valued at $4,762,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

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.