UFP Industries, Inc. (NASDAQ:UFPI) Forecasted to Post Q3 2024 Earnings of $2.00 Per Share

UFP Industries, Inc. (NASDAQ:UFPI) – Equities research analysts at Zacks Research lowered their Q3 2024 EPS estimates for shares of UFP Industries in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings of $2.00 per share for the quarter, down from their prior 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.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results 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 firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the business earned $2.10 earnings per share. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis.

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

UFP Industries Stock Down 0.9 %

Shares of NASDAQ:UFPI opened at $110.65 on Wednesday. The firm has a fifty day moving average price of $116.32 and a two-hundred day moving average price of $112.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.41 and a quick ratio of 3.12. UFP Industries has a one year low of $76.01 and a one year high of $128.65. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 13.73 and a beta of 1.49.

Institutional Trading of UFP Industries

Several large investors have recently bought and sold shares of UFPI. NewEdge Wealth LLC purchased a new stake in shares of UFP Industries in the 4th quarter valued at $3,046,000. American Century Companies Inc. lifted its stake in UFP Industries by 42.2% in the 3rd quarter. American Century Companies Inc. now owns 252,270 shares of the construction company’s stock valued at $25,832,000 after acquiring an additional 74,852 shares in the last quarter. Van ECK Associates Corp lifted its stake in UFP Industries by 42.8% in the 3rd quarter. Van ECK Associates Corp now owns 14,167 shares of the construction company’s stock valued at $1,451,000 after acquiring an additional 4,246 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in UFP Industries by 257.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 17,438 shares of the construction company’s stock valued at $1,786,000 after acquiring an additional 12,553 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in UFP Industries by 133.2% in the 4th quarter. Raymond James & Associates now owns 188,154 shares of the construction company’s stock valued at $23,623,000 after acquiring an additional 107,477 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Matthew J. Missad sold 5,018 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total value of $572,302.90. Following the completion of the sale, the chief executive officer now owns 363,328 shares in the company, valued at approximately $41,437,558.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.58% of the stock is currently owned by insiders.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from UFP Industries’s previous quarterly dividend of $0.20. 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.