Wedbush Reiterates Outperform Rating for UFP Industries (NASDAQ:UFPI)

Wedbush restated their outperform rating on shares of UFP Industries (NASDAQ:UFPI) in a research note issued to investors on Monday morning,RTT News reports. They currently have a $155.00 target price on the construction company’s stock. Wedbush also issued estimates for UFP Industries’ Q4 2024 earnings at $1.25 EPS, FY2024 earnings at $6.90 EPS, Q1 2025 earnings at $1.69 EPS, Q2 2025 earnings at $2.13 EPS, Q3 2025 earnings at $1.92 EPS, Q4 2025 earnings at $1.63 EPS, FY2025 earnings at $7.37 EPS, Q1 2026 earnings at $1.84 EPS, Q2 2026 earnings at $2.28 EPS, Q3 2026 earnings at $2.08 EPS and FY2026 earnings at $7.93 EPS.

UFPI has been the topic of a number of other research reports. Benchmark upped their price target on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets lifted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus upped their price target on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

UFP Industries Trading Down 2.4 %

Shares of UFP Industries stock opened at $133.24 on Monday. The firm has a market cap of $8.12 billion, a PE ratio of 18.33 and a beta of 1.39. UFP Industries has a 1 year low of $100.25 and a 1 year high of $139.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The stock has a fifty day moving average price of $127.52 and a 200-day moving average price of $121.10.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Equities research analysts anticipate that UFP Industries will post 7.18 EPS for the current year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s payout ratio is 18.16%.

Hedge Funds Weigh In On UFP Industries

Several hedge funds have recently bought and sold shares of UFPI. Assenagon Asset Management S.A. boosted its holdings in UFP Industries by 216.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 202,124 shares of the construction company’s stock valued at $26,521,000 after purchasing an additional 138,215 shares during the period. AQR Capital Management LLC increased its stake in UFP Industries by 22.7% in the 2nd quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock worth $67,594,000 after acquiring an additional 112,518 shares during the last quarter. Picton Mahoney Asset Management increased its stake in UFP Industries by 103.3% in the 2nd quarter. Picton Mahoney Asset Management now owns 115,549 shares of the construction company’s stock worth $12,941,000 after acquiring an additional 58,724 shares during the last quarter. F M Investments LLC bought a new stake in shares of UFP Industries during the 2nd quarter valued at about $6,028,000. Finally, Cubist Systematic Strategies LLC lifted its position in UFP Industries by 289.5% during the second quarter. Cubist Systematic Strategies LLC now owns 56,966 shares of the construction company’s stock valued at $6,380,000 after purchasing an additional 42,341 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

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.