UFP Industries, Inc. (NASDAQ:UFPI – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $139.60.
A number of equities research analysts have issued reports on the stock. Benchmark upped their price objective on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com downgraded UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 5th. BMO Capital Markets boosted their price objective on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Wedbush raised UFP Industries from a “neutral” rating to an “outperform” rating and raised their target price for the company from $120.00 to $155.00 in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus lifted their target price on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st.
Check Out Our Latest Report on UFP Industries
Institutional Inflows and Outflows
UFP Industries Stock Up 1.0 %
UFPI stock opened at $136.85 on Monday. The firm has a market capitalization of $8.45 billion, a PE ratio of 17.02 and a beta of 1.39. The company has a quick ratio of 3.18, a current ratio of 4.34 and a debt-to-equity ratio of 0.07. UFP Industries has a twelve month low of $90.62 and a twelve month high of $139.54. The stock’s 50 day moving average is $124.61 and its 200-day moving average is $119.73.
UFP Industries (NASDAQ:UFPI – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. UFP Industries had a net margin of 7.02% and a return on equity of 15.86%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.36 EPS. Sell-side analysts expect that UFP Industries will post 7.29 EPS for the current fiscal year.
UFP Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were paid a $0.33 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.32 annualized dividend and a dividend yield of 0.96%. UFP Industries’s payout ratio is presently 16.42%.
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.
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