UFP Industries (UFPI) to Release Earnings on Monday

UFP Industries (NASDAQ:UFPI) will likely be posting its quarterly earnings results after the market closes on Monday, February 17th. Analysts expect UFP Industries to post earnings of $1.24 per share and revenue of $1.43 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

UFP Industries Stock Up 1.8 %

Shares of NASDAQ:UFPI opened at $116.35 on Friday. UFP Industries has a 52-week low of $107.25 and a 52-week high of $141.33. The firm has a fifty day moving average of $116.51 and a 200 day moving average of $123.52. The firm has a market capitalization of $7.07 billion, a PE ratio of 16.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

Insider Transactions at UFP Industries

In other news, Director William G. Currie sold 5,700 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on UFPI. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.00.

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.