UFP Industries (UFPI) to Release Quarterly Earnings on Tuesday

UFP Industries (NASDAQ:UFPI) is set to issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.61 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.06). The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 EPS. On average, analysts expect UFP Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

UFP Industries Trading Up 1.0 %

UFP Industries stock opened at $113.64 on Friday. The stock has a 50-day moving average price of $115.66 and a 200 day moving average price of $113.31. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. UFP Industries has a 52 week low of $76.08 and a 52 week high of $128.65. The stock has a market cap of $6.99 billion, a PE ratio of 14.10 and a beta of 1.49.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.16%. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, February 29th. UFP Industries’s dividend payout ratio (DPR) is presently 16.38%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Matthew J. Missad sold 5,018 shares of UFP Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the transaction, the chief executive officer now directly owns 363,328 shares of the company’s stock, valued at approximately $41,437,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.58% of the company’s stock.

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.