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

UFP Industries, Inc. (NASDAQ:UFPI) – Investment analysts at Zacks Research lowered their Q3 2024 earnings per share estimates for shares of UFP Industries in a research report issued on Tuesday, April 16th. Zacks Research analyst A. Gupta now expects that the construction company will earn $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.

UFPI has been the subject of a number of other reports. Benchmark lifted their target price on UFP Industries from $120.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Wedbush reissued a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a research report on Thursday, February 22nd. StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus raised their price target on UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

UFP Industries Stock Performance

Shares of UFPI stock opened at $111.64 on Wednesday. UFP Industries has a 52 week low of $76.01 and a 52 week high of $128.65. The firm has a 50 day moving average of $116.46 and a two-hundred day moving average of $112.82. 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 stock has a market capitalization of $6.87 billion, a PE ratio of 13.85 and a beta of 1.49.

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

UFP Industries Increases Dividend

The company also recently announced 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. The ex-dividend date was Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from UFP Industries’s previous quarterly dividend of $0.20. UFP Industries’s payout ratio is 16.38%.

Insider Activity

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of UFP Industries stock in a transaction that occurred 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 transaction, the chief executive officer now owns 363,328 shares of the company’s stock, valued at $41,437,558.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new stake in UFP Industries during the 4th quarter worth approximately $27,000. Advisors Asset Management Inc. acquired a new stake in shares of UFP Industries during the third quarter worth $28,000. GAMMA Investing LLC purchased a new position in UFP Industries in the 4th quarter valued at $30,000. Rise Advisors LLC purchased a new position in UFP Industries in the 1st quarter valued at $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in UFP Industries in the 1st quarter valued at $33,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

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.