Zacks Research Equities Analysts Lower Earnings Estimates for UFP Industries, Inc. (NASDAQ:UFPI)

UFP Industries, Inc. (NASDAQ:UFPI) – Equities researchers at Zacks Research decreased their Q4 2024 earnings estimates for shares of UFP Industries in a research report issued to clients and investors on Tuesday, May 21st. Zacks Research analyst A. Gupta now anticipates that the construction company will earn $1.62 per share for the quarter, down from their previous forecast of $1.63. The consensus estimate for UFP Industries’ current full-year earnings is $7.53 per share. Zacks Research also issued estimates for UFP Industries’ Q1 2025 earnings at $1.90 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $8.16 EPS and Q1 2026 earnings at $2.06 EPS.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.34. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company posted $1.98 earnings per share. The company’s quarterly revenue was down 10.1% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the stock. Benchmark lowered their price target on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Wedbush restated a “neutral” rating and set a $102.00 target price on shares of UFP Industries in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus upped their price target on UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus target price of $116.50.

UFP Industries Stock Performance

Shares of NASDAQ UFPI opened at $118.46 on Thursday. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 14.73 and a beta of 1.47. UFP Industries has a one year low of $77.47 and a one year high of $128.65. The business has a fifty day simple moving average of $117.38 and a 200 day simple moving average of $116.03. The company has a current ratio of 4.79, a quick ratio of 3.37 and a debt-to-equity ratio of 0.07.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.11%. UFP Industries’s dividend payout ratio (DPR) is presently 16.42%.

Insider Activity at UFP Industries

In other UFP Industries news, insider David A. Tutas sold 3,038 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $120.21, for a total value of $365,197.98. Following the completion of the sale, the insider now owns 21,374 shares in the company, valued at approximately $2,569,368.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other UFP Industries news, CFO Michael R. Cole sold 1,452 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $119.28, for a total transaction of $173,194.56. Following the completion of the sale, the chief financial officer now directly owns 165,155 shares of the company’s stock, valued at approximately $19,699,688.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Tutas sold 3,038 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $120.21, for a total transaction of $365,197.98. Following the completion of the transaction, the insider now directly owns 21,374 shares in the company, valued at approximately $2,569,368.54. The disclosure for this sale can be found here. Insiders sold 25,980 shares of company stock valued at $3,052,415 over the last ninety days. 2.58% of the stock is owned by insiders.

Hedge Funds Weigh In On UFP Industries

Large investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. bought a new stake in shares of UFP Industries during the 4th quarter valued at $27,000. GAMMA Investing LLC acquired a new position in UFP Industries in the fourth quarter valued at about $30,000. Rise Advisors LLC bought a new position in UFP Industries during the first quarter worth about $33,000. Opal Wealth Advisors LLC acquired a new position in shares of UFP Industries during the 1st quarter worth about $33,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of UFP Industries by 218.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock valued at $36,000 after acquiring an additional 197 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Company Profile

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.