UFP Industries, Inc. (NASDAQ:UFPI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

UFP Industries, Inc. (NASDAQ:UFPI) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $136.80.

Separately, Loop Capital initiated coverage on shares of UFP Industries in a research note on Wednesday, July 23rd. They set a “hold” rating and a $112.00 target price on the stock.

UFP Industries Trading Down 1.9%

UFPI stock opened at $102.30 on Wednesday. The company’s 50-day simple moving average is $100.41 and its 200-day simple moving average is $105.69. The company has a quick ratio of 3.44, a current ratio of 4.96 and a debt-to-equity ratio of 0.07. UFP Industries has a 52-week low of $93.00 and a 52-week high of $141.33. The firm has a market cap of $6.18 billion, a P/E ratio of 17.76 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.25). UFP Industries had a return on equity of 10.90% and a net margin of 5.31%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company earned $2.05 earnings per share. The company’s revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts forecast that UFP Industries will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.35 per share. The ex-dividend date is Friday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.37%. UFP Industries’s dividend payout ratio (DPR) is presently 22.91%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UFPI. Putney Financial Group LLC acquired a new position in shares of UFP Industries during the 4th quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in UFP Industries in the 1st quarter valued at about $36,000. Caitong International Asset Management Co. Ltd raised its holdings in UFP Industries by 39.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock valued at $45,000 after acquiring an additional 119 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in UFP Industries in the 2nd quarter valued at about $59,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in UFP Industries in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

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.