UFP Industries (UFPI) is expected to release its results on Thursday


UFP Industries (NASDAQ:UFPIGet a rating) is expected to release earnings data after the market closes on Thursday, April 21. Analysts expect UFP Industries to post earnings of $1.96 per share for the quarter. Individuals wishing to listen to the company’s earnings conference call can do so using this link.

UFP Industries (NASDAQ:UFPIGet a rating) last released its quarterly results on Wednesday, February 16. The construction company reported EPS of $2.19 for the quarter, beating Thomson Reuters consensus estimate of $1.25 by $0.94. UFP Industries posted a return on equity of 28.94% and a net margin of 6.20%. The company posted revenue of $2.02 billion in the quarter, compared to $1.73 billion expected by analysts. In the same quarter a year earlier, the company had earned earnings per share of $1.02. The company’s quarterly revenue increased by 44.7% compared to the same quarter last year. On average, analysts expect UFP Industries to post EPS of $9 for the current fiscal year and EPS of $9 for the next fiscal year.

Action UFP Industries opened at $78.57 on Thursday. UFP Industries has a 12-month low of $67.50 and a 12-month high of $94.80. The company has a debt ratio of 0.14, a current ratio of 2.67 and a quick ratio of 1.43. The company has a 50-day simple moving average of $81.61 and a 200-day simple moving average of $83.08. The stock has a market capitalization of $4.88 billion, a PE ratio of 9.15 and a beta of 1.50.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15. Shareholders of record on Tuesday, March 1 received a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a dividend yield of 1.02%. The ex-dividend date was Monday, February 28. This is a boost from UFP Industries’ previous quarterly dividend of $0.13. UFP Industries’ payout rate is 9.31%.

Several research companies have recently commented on the UFPI. StockNews.com began covering UFP Industries in a research note on Thursday, March 31. They set a “buy” rating for the company. Wedbush raised its price target on UFP Industries from $85.00 to $92.00 in a Thursday, February 17 research note. Two equity research analysts gave the stock a hold rating, four gave the company a buy rating and one gave the company’s stock a strong buy rating. According to MarketBeat, UFP Industries currently has an average rating of “Buy” and a consensus price target of $90.50.

In other UFP Industries news, COO Patrick M. Webster sold 2,420 shares of the company in a trade on Wednesday, March 9. The stock was sold at an average price of $85.00, for a total value of $205,700.00. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, CEO Matthew J. Missad sold 300 shares of the company in a trade on Friday, March 4. The shares were sold at an average price of $85.01, for a total value of $25,503.00. Disclosure of this sale can be found here. Insiders sold 33,535 shares of the company valued at $2,839,871 during the last quarter. 3.74% of the shares are currently held by insiders of the company.

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in UFP Industries shares by 2.8% during the fourth quarter. BlackRock Inc. now owns 9,600,272 shares of the construction company valued at $883,322,000 after acquiring an additional 263,179 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of UFP Industries during the fourth quarter at a value of $818,000. Goldman Sachs Group Inc. increased its stake in UFP Industries shares by 35.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 197,313 shares of the construction company valued at $18,155,000 after acquiring 51,213 additional shares in the last quarter. Allianz Asset Management GmbH increased its stake in UFP Industries shares by 414.3% during the fourth quarter. Allianz Asset Management GmbH now owns 69,497 shares of the construction company valued at $6,394,000 after acquiring an additional 55,985 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in UFP Industries shares by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 85,538 shares of the construction company valued at $7,870,000 after acquiring 2,042 additional shares in the last quarter. 81.66% of the shares are currently held by institutional investors.

About UFP Industries (Get a rating)

UFP Industries, Inc, through its subsidiaries, designs, manufactures and markets wood and wood-based products in North America, Europe, Asia and Australia. It operates through the retail, industrial and construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and composite wood decking and related accessories, decorative lawn, garden, craft and hobby products.

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Earnings History for UFP Industries (NASDAQ:UFPI)



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