UFP Industries (UFPI) to Release Earnings on Tuesday

UFP Industries (NASDAQ:UFPIGet Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $1.68 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

UFP Industries Stock Up 2.2 %

Shares of UFPI opened at $121.49 on Tuesday. The firm has a market cap of $7.49 billion, a P/E ratio of 14.23 and a beta of 1.49. UFP Industries has a 12-month low of $75.01 and a 12-month high of $128.65. The company’s 50-day moving average price is $118.64 and its 200 day moving average price is $108.25. The company has a current ratio of 4.16, a quick ratio of 2.93 and a debt-to-equity ratio of 0.09.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.33 dividend. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.32 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, February 29th. UFP Industries’s payout ratio is 14.05%.

Analyst Ratings Changes

Several analysts recently issued reports on UFPI shares. DA Davidson lowered shares of UFP Industries from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $122.00 to $106.00 in a report on Wednesday, November 1st. Wedbush restated a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a report on Tuesday, October 31st. Finally, Stifel Nicolaus lifted their target price on UFP Industries from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.60.

Check Out Our Latest Report on UFPI

Hedge Funds Weigh In On UFP Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC acquired a new position in shares of UFP Industries during the fourth quarter worth about $201,000. Walleye Capital LLC acquired a new position in UFP Industries in the third quarter valued at approximately $330,000. Creative Planning boosted its holdings in UFP Industries by 327.9% in the third quarter. Creative Planning now owns 17,512 shares of the construction company’s stock valued at $1,793,000 after purchasing an additional 13,419 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in UFP Industries in the third quarter valued at approximately $301,000. Finally, Penserra Capital Management LLC acquired a new position in UFP Industries in the third quarter valued at approximately $99,000. 79.45% of the stock is owned by institutional investors and hedge funds.

UFP Industries Company Profile

(Get Free Report)

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.

See Also

Earnings History for UFP Industries (NASDAQ:UFPI)

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