UFP Industries FY2024 EPS Estimate Reduced by Zacks Research

UFP Industries, Inc. (NASDAQ:UFPI - Free Report) - Investment analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for UFP Industries in a research note issued on Monday, November 18th. Zacks Research analyst R. Department now expects that the construction company will earn $6.93 per share for the year, down from their previous forecast of $7.30. The consensus estimate for UFP Industries' current full-year earnings is $7.01 per share. Zacks Research also issued estimates for UFP Industries' Q4 2024 earnings at $1.28 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $2.17 EPS, Q3 2025 earnings at $1.94 EPS, Q4 2025 earnings at $1.58 EPS, FY2025 earnings at $7.41 EPS, Q1 2026 earnings at $1.88 EPS, Q2 2026 earnings at $2.40 EPS, Q3 2026 earnings at $2.02 EPS and FY2026 earnings at $8.07 EPS.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm's quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 earnings per share.

A number of other equities analysts also recently commented on UFPI. Benchmark increased their price objective on UFP Industries from $133.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. BMO Capital Markets raised their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday, July 31st. Wedbush reiterated an "outperform" rating and issued a $155.00 price objective on shares of UFP Industries in a report on Monday, November 4th. Finally, Stifel Nicolaus raised their target price on UFP Industries from $125.00 to $157.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $148.00.

UFP Industries Stock Down 0.2 %

UFPI stock traded down $0.29 during mid-day trading on Wednesday, hitting $127.84. The stock had a trading volume of 27,467 shares, compared to its average volume of 279,126. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 17.62 and a beta of 1.39. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries has a 1-year low of $107.49 and a 1-year high of $139.54. The company has a fifty day moving average of $130.05 and a 200 day moving average of $122.22.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is 18.16%.

Hedge Funds Weigh In On UFP Industries

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of UFP Industries by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company's stock worth $200,553,000 after buying an additional 14,857 shares during the last quarter. Vestcor Inc raised its stake in UFP Industries by 2.4% during the 3rd quarter. Vestcor Inc now owns 11,096 shares of the construction company's stock valued at $1,456,000 after purchasing an additional 261 shares during the last quarter. M&T Bank Corp boosted its holdings in UFP Industries by 17.3% in the 3rd quarter. M&T Bank Corp now owns 3,029 shares of the construction company's stock valued at $397,000 after purchasing an additional 446 shares during the period. Barclays PLC increased its holdings in shares of UFP Industries by 109.0% during the 3rd quarter. Barclays PLC now owns 135,996 shares of the construction company's stock worth $17,844,000 after purchasing an additional 70,927 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of UFP Industries during the third quarter valued at about $473,000. 81.81% of the stock is currently owned by institutional investors.

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.