UFP Industries, Inc. (NASDAQ:UFPI) Stock Rated “Hold” by Sell-Side Analysts

UFP Industries, Inc. (NASDAQ:UFPI) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $103.25.

UFPI has been the subject of several research analyst reports. Weiss Ratings downgraded UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 12th. Oppenheimer assumed coverage on shares of UFP Industries in a research report on Wednesday, September 30th. They set a “market perform” rating for the company. Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 3rd. DA Davidson reiterated a “buy” rating and issued a $105.00 price target on shares of UFP Industries in a research report on Tuesday, October 27th. Finally, Stifel Nicolaus set a $85.00 price objective on shares of UFP Industries and gave the stock a “hold” rating in a research note on Monday, October 26th.

UFP Industries Stock Performance

NASDAQ UFPI opened at $80.79 on Friday. The firm has a market cap of $4.41 billion, a P/E ratio of 19.61 and a beta of 1.14. The company has a quick ratio of 2.58, a current ratio of 3.86 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $80.11 and its 200 day moving average price is $88.85. UFP Industries has a 52-week low of $73.72 and a 52-week high of $118.00.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.15). The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.60 billion. UFP Industries had a return on equity of 7.53% and a net margin of 3.61%. On average, equities research analysts expect that UFP Industries will post 4.18 earnings per share for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.8%. UFP Industries’s dividend payout ratio is presently 34.95%.

Hedge Funds Weigh In On UFP Industries

Several hedge funds have recently bought and sold shares of the stock. Reyes Financial Architecture Inc. acquired a new position in UFP Industries in the 3rd quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in UFP Industries during the third quarter valued at about $27,000. IAG Wealth Partners LLC acquired a new stake in shares of UFP Industries during the 1st quarter valued at $28,000. Root Financial Partners LLC raised its stake in shares of UFP Industries by 86.0% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock worth $29,000 after purchasing an additional 148 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of UFP Industries during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Company Profile

UFP Industries, Inc. is a manufacturer and distributor of wood and other materials used in construction, packaging and retail products. Founded in 1955 as Universal Forest Products, the company adopted its current name in 2020. Its businesses supply products such as lumber, decking and other outdoor-living materials; pallets, crates and custom industrial packaging; and components for residential and commercial construction. UFP also serves customers in manufactured housing and other building-related markets.