FY2024 EPS Estimate for UFP Industries Decreased by Analyst

UFP Industries, Inc. (NASDAQ:UFPI) – Research analysts at Zacks Research reduced their FY2024 EPS estimates for UFP Industries in a report issued on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the construction company will earn $6.91 per share for the year, down from their prior estimate of $6.93. The consensus estimate for UFP Industries’ current full-year earnings is $6.89 per share. Zacks Research also issued estimates for UFP Industries’ Q4 2024 earnings at $1.26 EPS, Q1 2025 earnings at $1.71 EPS, Q2 2025 earnings at $2.16 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $7.38 EPS, Q1 2026 earnings at $1.87 EPS, Q3 2026 earnings at $2.01 EPS and FY2026 earnings at $8.03 EPS.

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

A number of other brokerages have also weighed in on UFPI. Stifel Nicolaus boosted their price objective on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research 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 report on Wednesday, July 31st. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BMO Capital Markets increased their price objective on UFP Industries from $115.00 to $125.00 and gave the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Stock Down 1.7 %

Shares of NASDAQ:UFPI opened at $135.26 on Wednesday. UFP Industries has a 52-week low of $107.49 and a 52-week high of $141.33. The company has a market capitalization of $8.21 billion, a PE ratio of 18.63 and a beta of 1.39. 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 company has a fifty day moving average of $131.39 and a 200-day moving average of $122.77.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in UFP Industries by 300.0% in the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after acquiring an additional 144 shares during the period. Headlands Technologies LLC acquired a new stake in UFP Industries in the 2nd quarter valued at $29,000. Signaturefd LLC increased its stake in UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after purchasing an additional 76 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in UFP Industries during the second quarter worth $56,000. Finally, GAMMA Investing LLC increased its position in shares of UFP Industries by 84.2% during the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after acquiring an additional 234 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UFP Industries

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

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 0.98%. UFP Industries’s payout ratio is 18.16%.

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.