Q3 2024 EPS Estimates for UFP Industries, Inc. Cut by Analyst (NASDAQ:UFPI)

UFP Industries, Inc. (NASDAQ:UFPI) – Analysts at Zacks Research decreased their Q3 2024 earnings per share (EPS) estimates for shares of UFP Industries in a research report issued on Tuesday, April 16th. Zacks Research analyst A. Gupta now forecasts that the construction company will post earnings of $2.00 per share for the quarter, down from their previous estimate of $2.01. The consensus estimate for UFP Industries’ current full-year earnings is $7.39 per share. Zacks Research also issued estimates for UFP Industries’ Q1 2025 earnings at $1.82 EPS, Q3 2025 earnings at $2.16 EPS, Q4 2025 earnings at $1.79 EPS and FY2025 earnings at $8.10 EPS.

A number of other analysts also recently commented on UFPI. Stifel Nicolaus upped their target price on UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Benchmark increased their price target on UFP Industries from $120.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. StockNews.com downgraded UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Wedbush reiterated a “neutral” rating and set a $102.00 price target on shares of UFP Industries in a research report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

UFP Industries Stock Down 0.9 %

Shares of UFPI opened at $110.65 on Wednesday. UFP Industries has a 52 week low of $76.01 and a 52 week high of $128.65. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 13.73 and a beta of 1.49. The stock’s 50-day moving average price is $116.32 and its 200-day moving average price is $112.81.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.06). The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 EPS.

Institutional Trading of UFP Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of UFPI. Contravisory Investment Management Inc. acquired a new stake in UFP Industries in the fourth quarter valued at $27,000. Advisors Asset Management Inc. acquired a new stake in shares of UFP Industries during the third quarter worth about $28,000. GAMMA Investing LLC acquired a new stake in shares of UFP Industries during the fourth quarter worth about $30,000. Rise Advisors LLC acquired a new stake in shares of UFP Industries during the first quarter worth about $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of UFP Industries during the first quarter worth about $33,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UFP Industries

In other news, CEO Matthew J. Missad sold 5,018 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total transaction of $572,302.90. Following the completion of the transaction, the chief executive officer now directly owns 363,328 shares in the company, valued at $41,437,558.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.58% of the company’s stock.

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.32 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, February 29th. UFP Industries’s dividend payout ratio (DPR) is currently 16.38%.

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.