UFP Industries FY2024 EPS Forecast Cut by Zacks Research

UFP Industries, Inc. (NASDAQ:UFPI) – Equities researchers at Zacks Research reduced their FY2024 earnings estimates for UFP Industries in a research report issued on Monday, November 18th. Zacks Research analyst R. Department now expects that the construction company will post earnings of $6.93 per share for the year, down from their prior estimate of $7.30. The consensus estimate for UFP Industries’ current full-year earnings is $6.89 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) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.25). The company had revenue of $1.65 billion during 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 revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS.

Several other research firms have also weighed in on UFPI. BMO Capital Markets boosted their target price 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. Stifel Nicolaus boosted their target price on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Benchmark boosted their price target on shares of UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $130.91 on Wednesday. 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 firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 18.01 and a beta of 1.39. The company’s 50-day moving average is $130.63 and its two-hundred day moving average is $122.32. UFP Industries has a 1-year low of $107.49 and a 1-year high of $139.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in UFP Industries by 300.0% during the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after acquiring an additional 144 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of UFP Industries in the 2nd quarter valued at $29,000. Signaturefd LLC boosted its holdings in shares of UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after buying an additional 76 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of UFP Industries in the 2nd quarter valued at $56,000. Finally, GAMMA Investing LLC boosted its holdings in shares of UFP Industries by 84.2% in the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Dividend Announcement

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 annualized dividend and a yield of 1.01%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

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.