UFP Industries (NASDAQ:UFPI) Lowered to Hold Rating by StockNews.com

UFP Industries (NASDAQ:UFPI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other analysts have also weighed in on the stock. Stifel Nicolaus upped their target price on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. Benchmark increased their price target on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets increased their price target on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Price Performance

UFP Industries stock traded up $5.95 during midday trading on Monday, reaching $139.02. 368,182 shares of the stock were exchanged, compared to its average volume of 279,416. The company’s fifty day moving average is $131.16 and its 200-day moving average is $122.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The firm has a market cap of $8.44 billion, a PE ratio of 19.12 and a beta of 1.39. UFP Industries has a 52 week low of $107.49 and a 52 week high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The business’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the company posted $2.10 EPS. On average, sell-side analysts forecast that UFP Industries will post 6.89 EPS for the current year.

Insider Activity

In other news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the completion of the sale, the chief executive officer now owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UFP Industries

A number of institutional investors have recently made changes to their positions in UFPI. BOKF NA boosted its position in UFP Industries by 108.0% during the 1st quarter. BOKF NA now owns 3,224 shares of the construction company’s stock valued at $387,000 after buying an additional 1,674 shares during the period. Price T Rowe Associates Inc. MD boosted its position in UFP Industries by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company’s stock valued at $90,857,000 after buying an additional 5,784 shares during the period. Tidal Investments LLC boosted its position in UFP Industries by 9.6% during the 1st quarter. Tidal Investments LLC now owns 17,499 shares of the construction company’s stock valued at $2,153,000 after buying an additional 1,534 shares during the period. GAMMA Investing LLC boosted its position in UFP Industries by 84.2% during the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after buying an additional 234 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in UFP Industries by 299.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,132 shares of the construction company’s stock valued at $687,000 after buying an additional 4,597 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.