UFP Industries, Inc. (NASDAQ:UFPI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of UFP Industries, Inc. (NASDAQ:UFPI) have received a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $132.60.

A number of research analysts recently issued reports on the company. BMO Capital Markets raised their price target on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Wedbush reaffirmed a “neutral” rating and issued a $120.00 target price (up from $102.00) on shares of UFP Industries in a report on Tuesday, July 30th. 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 research note on Wednesday, July 31st. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 5th. Finally, Stifel Nicolaus upped their target price 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.

Institutional Trading of UFP Industries

Several hedge funds have recently made changes to their positions in UFPI. Headlands Technologies LLC purchased a new position in UFP Industries during the second quarter worth about $29,000. Rise Advisors LLC purchased a new position in shares of UFP Industries during the 1st quarter worth approximately $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of UFP Industries in the 1st quarter valued at approximately $33,000. Triad Wealth Partners LLC purchased a new stake in shares of UFP Industries in the second quarter valued at approximately $56,000. Finally, GAMMA Investing LLC grew its holdings in 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 during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Trading Up 0.2 %

Shares of UFP Industries stock opened at $131.10 on Thursday. The company has a current ratio of 4.34, a quick ratio of 3.18 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $121.62 and a 200-day simple moving average of $117.92. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 16.31 and a beta of 1.39. UFP Industries has a 12-month low of $90.62 and a 12-month high of $136.93.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. UFP Industries had a net margin of 7.02% and a return on equity of 15.86%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $2.36 earnings per share. UFP Industries’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities analysts forecast that UFP Industries will post 7.27 EPS for the current fiscal year.

UFP Industries Announces Dividend

The company also recently disclosed 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 yield of 1.01%. UFP Industries’s dividend payout ratio is currently 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.