UFP Industries 株価情報 (NASDAQ: UFPI)

最新ニュース UFP Industries (NASDAQ:UFPI) 株価情報

UFP Industries

UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.

UFP Industries Inc

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WLFC

Shares of companies within the broader industrial sector are trading higher after Donald Trump won the 2024 presidential election.

UFP Industries shares are trading lower after the company reported worse-than-expected Q3 financial results.

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) reported quarterly earnings of $1.64 per share which missed the analyst consensus estimate of $1.89 by 13.23 percent. This is a 21.9 percent decrease over earnings of $2.10 per share from the same period last year.  The company reported quarterly sales of $1.65 billion which missed the analyst consensus estimate of $1.76 billion by 6.55 percent.  This is a 9.77 percent decrease over sales of $1.83 billion the same period last year.</p>


Earnings

Earnings Misses

News

UFP Industries Q3 EPS $1.64 Misses $1.89 Estimate, Sales $1.65B Miss $1.76B Estimate

<p><strong>UFP Industries</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that UFP Industries will report an <strong>earnings per share</strong> (EPS) of $1.86. </p>
<p>The market awaits UFP Industries's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.</p>
<p>It's important for new investors to understand that guidance can be a significant driver of stock prices.</p>
<h3>Earnings History Snapshot</h3>
<p>The company's EPS missed by $0.00 in the last quarter, leading to a 2.52% drop in the share price on the following day.</p>
<p>Here's a look at UFP Industries's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.05</td>
<td>1.66</td>
<td>1.65</td>
<td>2.13</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.05</td>
<td>1.96</td>
<td>1.62</td>
<td>2.10</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-3.0%</td>
<td>0.0%</td>
<td>0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730134954_0_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of UFP Industries were trading at $130.17 as of October 25. Over the last 52-week period, shares are up 38.33%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. </p>
<h3>Analyst Opinions on UFP Industries</h3>
<p>For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on UFP Industries.</p>
<p>Analysts have provided UFP Industries with 4 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $148.0, suggesting a potential 13.7% upside.</p>
<h3>Understanding Analyst Ratings Among Peers</h3>
<p>In this comparison, we explore the analyst ratings and average 1-year price targets of Simpson Manufacturing Co, Trex Co and AAON, three prominent industry players, offering insights into their relative performance expectations and market positioning.</p>
<ul>
<li>Simpson Manufacturing Co received a Outperform consensus from analysts, with an average 1-year price target of $218.0, implying a potential 67.47% upside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Trex Co, with an average 1-year price target of $79.54, indicating a potential 38.9% downside.</li>
<li>For AAON, analysts project an Neutral trajectory, with an average 1-year price target of $114.33, indicating a potential 12.17% downside.</li>
</ul>
<h3>Peer Analysis Summary</h3>
<p>The peer analysis summary offers a detailed examination of key metrics for Simpson Manufacturing Co, Trex Co and AAON, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>UFP Industries</td>
<td>Buy</td>
<td>-6.95%</td>
<td>$362.74M</td>
<td>3.92%</td>
</tr>
<tr>
<td>Simpson Manufacturing Co</td>
<td>Outperform</td>
<td>-1.65%</td>
<td>$278.55M</td>
<td>5.16%</td>
</tr>
<tr>
<td>Trex Co</td>
<td>Neutral</td>
<td>5.59%</td>
<td>$168.11M</td>
<td>10.24%</td>
</tr>
<tr>
<td>AAON</td>
<td>Neutral</td>
<td>10.43%</td>
<td>$113.09M</td>
<td>6.85%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>UFP Industries ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is at the bottom.</p>
<h3>Delving into UFP Industries's Background</h3>
<p>UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.</p>
<h3>A Deep Dive into UFP Industries's Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> UFP Industries's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately <strong>-6.95%</strong>. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.</p>
<p><strong>Net Margin:</strong> UFP Industries's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>6.37%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> UFP Industries's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>3.92%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> UFP Industries's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of <strong>2.95%,</strong> the company may face hurdles in generating optimal returns from its assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.13</strong>.</p>
<p><a href="https://www.benzinga.com/quote/UFPI/earnings"><strong>To track all earnings releases for UFP Industries visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Insights into UFP Industries's Upcoming Earnings

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) has outperformed the market over the past 5 years by 6.52% on an annualized basis producing an average annual return of 20.34%. Currently, UFP Industries has a market capitalization of $8.07 billion. </p>
<p><strong>Buying $100 In UFPI:</strong> If an investor had bought $100 of UFPI stock 5 years ago, it would be worth <strong>$256.76</strong> today based on a price of $130.69 for UFPI at the time of writing.</p>
<h3>UFP Industries's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729782020_0_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Trading Ideas

$100 Invested In UFP Industries 5 Years Ago Would Be Worth This Much Today

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) has outperformed the market over the past 10 years by 12.38% on an annualized basis producing an average annual return of 24.12%. Currently, UFP Industries has a market capitalization of $8.35 billion. </p>
<p><strong>Buying $100 In UFPI:</strong> If an investor had bought $100 of UFPI stock 10 years ago, it would be worth <strong>$857.23</strong> today based on a price of $135.20 for UFPI at the time of writing.</p>
<h3>UFP Industries's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729186342_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much You Would Have Made Owning UFP Industries Stock In The Last 10 Years

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $148.0, with a high estimate of $157.00 and a low estimate of $125.00. Surpassing the previous average price target of $123.25, the current average has increased by 20.08%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728396062_0_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive UFP Industries. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$155.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$155.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Stanley Elliott</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$157.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Ketan Mamtora</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to UFP Industries. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of UFP Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of UFP Industries's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of UFP Industries's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/UFPI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on UFP Industries analyst ratings.</strong></a></p>
<h2>Get to Know UFP Industries Better</h2>
<p>UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.</p>
<h3>Understanding the Numbers: UFP Industries's Finances</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> UFP Industries's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately <strong>-6.95%</strong>. This indicates a decrease in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>6.37%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> UFP Industries's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>3.92%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> UFP Industries's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>2.95%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> UFP Industries's debt-to-equity ratio is below the industry average. With a ratio of <b>0.13</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Analyst Scoreboard: 4 Ratings For UFP Industries

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/66433a0c6d48530001dc96e5/anthony-codling">RBC Capital analyst Anthony Codling</a> upgraded the rating for <strong>CEMEX, S.A.B. de C.V.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CX#NYSE">CX</a>) from Underperform to Sector Perform but lowered the price target from $9 to $6.5. Cemex shares fell 0.7% to close at $5.88 on Monday. <a href="https://www.benzinga.com/quote/CX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Steven Chubak upgraded <strong>Wells Fargo &amp; Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) from Peer Perform to Outperform and announced a $65 price target. Wells Fargo shares gained 0.4% to close at $57.16 on Monday. <a href="https://www.benzinga.com/quote/WFC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59d7dc9c6ab1240001d3a462/vernon-bernardino">HC Wainwright &amp; Co. analyst Vernon Bernardino</a> upgraded the rating for <strong>Cassava Sciences, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) from Neutral to Buy and announced a price target of $116. Cassava Sciences shares fell 6.2% to close at $25.41 on Monday. <a href="https://www.benzinga.com/quote/SAVA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BTIG analyst Vincent Caintic upgraded <strong>Affirm Holdings, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from Neutral to Buy and announced a $68 price target. Affirm shares closed at $38.60 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush analyst Jay McCanless upgraded the rating for <strong>UFP Industries, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) from Neutral to Outperform and raised the price target from $120 to $155. UFP Industries shares closed at $129.58 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
<p><strong>Considering buying WFC stock? Here&#8217;s what analysts think:</strong> </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52-1024x519.png" alt="" class="wp-image-585560" style="width:602px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52-1024x519.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52-768x389.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52.png 1342w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p>R<strong>ead More: </strong></p>
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</ul>


Upgrades

Markets

AFRM

BCAX

FXNC

SAVA

This Wells Fargo Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

<p>Wedbush  analyst Jay McCanless   upgrades UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) from Neutral to Outperform and raises the price target from $120 to $155.</p>


Price Target

Wedbush Upgrades UFP Industries to Outperform, Raises Price Target to $155

<p><strong>UFP Industries's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NYSE">UFPI</a>) short percent of float has risen 4.57% since its last report. The company recently reported that it has <strong>921 thousand shares sold short</strong>, which is 2.06% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.95 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>UFP Industries Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725651013_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for UFP Industries has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing UFP Industries's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UFP Industries's peer group average for short interest as a percentage of float is 4.04%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

How Is The Market Feeling About UFP Industries?

<p>Chief Financial Officer Michael Cole will add the title of President of Corporate Services to his current duties to further strengthen the management team.</p>


Management

UFP Industries Chairman And CEO Matthew J. Missad To Become Executive Chairman On December 29, 2024; William Schwartz To Become CEO

<p>Benchmark  analyst Reuben Garner   maintains UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) with a Buy and raises the price target from $133 to $155.</p>


Benchmark Maintains Buy on UFP Industries, Raises Price Target to $155

<p>Stifel  analyst Stanley Elliott   maintains UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) with a Buy and raises the price target from $125 to $157.</p>


Stifel Maintains Buy on UFP Industries, Raises Price Target to $157

<p>BMO Capital  analyst Ketan Mamtora   maintains UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) with a Market Perform and raises the price target from $115 to $125.</p>


BMO Capital Maintains Market Perform on UFP Industries, Raises Price Target to $125

<p><strong>UFP Industries, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufpi#NASDAQ">UFPI</a>) reported impressive results for the second quarter of 2024. Both earnings and net sales surpassed the Zacks Consensus Estimate. The top and bottom lines, however, declined on a year-over-year basis due to lower contributions from Retail and Packaging businesses.</p>
<p>The company remains focused on its long-term expansion plans and improvement strategies amid a weaker environment and near-term softness in demand. These efforts are investments in automation and consolidating operations to eliminate redundancies, as well as reduce costs and enhance the profitability of its facilities.</p>
<h3>Earnings &amp; Revenue Discussion</h3>
<p>UFP Industries reported earnings per share of $2.05, which topped the consensus mark of $2.00 by 2.5% but declined 13.1% from the year-ago quarter&#39;s level of $2.36.</p>
<div class="chart_embed">
<h3>UFP Industries, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="UFP Industries, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/15/1722352274.png" style="height:265px; width:589px" title="" /></p>
<p>UFP Industries, Inc. price-consensus-eps-surprise-chart | UFP Industries, Inc. Quote</p>
</div>
<p>Net sales of $1.9 billion beat the consensus mark of $1.87 billion by 1.7% but declined 7% year over year. The downside was mainly due to a 6% fall in selling prices and a 1% decline in organic unit sales. New product sales of $134 million contributed 7% to total net sales versus 7.4% in the prior-year quarter.</p>
<h3>Segment Discussion</h3>
<p><strong>UFP Retail Solutions</strong>: The segment reported net sales of $809.1 million for the quarter (below our projection of $848.7 million), which declined 14% year over year due to a 7% decline in selling prices and 5% lower organic unit sales. Also, a 2% reduction due to the transfer of certain sales to other segments added to the decline.</p>
<p>Adjusted EBITDA margin rose 130 basis points (bps) from the prior year to 8.7%.</p>
<p><strong>UFP Packaging</strong>: The segment&#39;s net sales totaled $435.2 million, down 11% from the year-ago period&#39;s levels (above our expectation of $418.5 million). In the reported quarter, selling prices declined 8% and organic unit sales were down 6% year over year. This was partially balanced by a 3% increase resulting from the transfer of certain sales from the retail segment.</p>
<p>Adjusted EBITDA margin fell 420 bps from the prior year to 9.9%.</p>
<p><strong>UFP Construction</strong>: Net sales in the segment were $574.5 million, which increased 4% from the year-ago period (above our expectation of $540.8 million). This segment registered a 4% decrease in selling prices, offset by a 7% increase in organic unit sales and a 1% increase due to the transfer of certain sales from the retail segment.</p>
<p>Adjusted EBITDA margin contracted 230 bps from the prior year to 10.2%.</p>
<h3>Operating Highlights</h3>
<p>Selling, general and administrative expenses &mdash; accounting for 10.7% of net sales &mdash; increased 70 bps year over year.</p>
<p>Adjusted EBITDA of $203.9 million declined 13% year over year. Adjusted EBITDA margin also contracted 80 bps from the prior year to 10.7%.</p>
<h3>Balance Sheet &amp; Cash Flow</h3>
<p>As of Jun 29, 2024, the company had nearly $2.3 billion in liquidity. Cash and cash equivalents were $1.04 billion at the second-quarter end compared with $1.1 billion at the end of 2023. Long-term debt and finance lease obligations were $233 million versus $274.8 million at 2023-end.</p>
<p>Net cash from operating activities was $239.1 million at the second-quarter end compared with $321.1 million in the year-ago period.</p>
<p>From Jul 26, 2023, through the second quarter of 2024-end, UFPI purchased approximately 1,477,000 shares at an average price of $110.96 under the previous share repurchase plan. On Jul 24, 2024, the board of directors authorized the company to repurchase up to $200 million of shares through Jul 31, 2025.</p>
<h3>Outlook</h3>
<p>UFP Industries expects lumber prices to remain lower in 2024, driven by existing supply and demand dynamics.</p>
<p>The company has revised its guidance for 2024. UFPI now anticipates Retail demand to decrease by mid-single digits and Packaging demand to fall by mid- to high-single digits. The same for Construction is expected to increase by low- to mid-single digits, reflecting continued strength in the Factory Built business.</p>
<p>Overall, the company expects soft demand and a competitive price environment to remain a headwind for the remainder of the year, resulting in more challenging year-over-year unit sales and profitability. UFPI believes market share gains will somewhat offset lower demand in each segment.</p>
<h3>Zacks Rank &amp; Recent Construction Releases</h3>
<p>Currently, UFP Industries carries a Zacks Rank #4 (Sell).</p>
<p><strong>RPM International Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) reported fiscal fourth-quarter 2024 (ended May 31, 2024) results on an impressive note. This specialty chemicals manufacturer reported strong earnings in the fourth quarter of fiscal 2024 on the back of solid adjusted EBIT for the 10th consecutive quarter.</p>
<p>Although net sales slightly missed the Zacks Consensus Estimate and slipped from the previous year, it generated positive organic sales growth.</p>
<p><strong>Masco Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mas#NYSE">MAS</a>) reported strong earnings for the second quarter of 2024 amid challenging market conditions. Strong operational efficiency helped it deliver solid results.</p>
<p>However, net sales missed the analysts&#39; expectations and declined on a year-over-year basis. Masco&#39;s focus on a balanced capital deployment strategy helped it return $206 million to shareholders via dividends and share repurchases. Masco narrowed its adjusted EPS guidance while the mid-point remains unaffected.</p>
<p><strong>United Rentals, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uri#NYSE">URI</a>) reported mixed second-quarter 2024 results. The company&#39;s EPS surpassed the Zacks Consensus Estimate, but revenues missed the same. Nonetheless, both metrics registered improvement on a year-over-year basis.</p>
<p>The company showcased robust second-quarter results for 2024, achieving record highs in revenues, adjusted EBITDA, and EPS. The company&#39;s performance aligns with its expectations for the year, driven by the successful integration of Yak. This acquisition enhances URI&#39;s strategy to expand its specialty rental business, enhance its one-stop-shop offerings, and leverage opportunities for both secular growth and cross-selling. The company&#39;s unwavering commitment to safety, operational excellence, and innovation underpins its unique value proposition, positioning it for long-term shareholder value.</p>
<p><a href="https://www.zacks.com/stock/news/2312270/ufp-industries-ufpi-q2-earnings-net-sales-beat-down-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2312270">To read this article on Zacks.com click here.</a></p>


Earnings Beats

Guidance

UFP Industries Q2 Earnings & Net Sales Beat, Down Y/Y

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) reported quarterly earnings of $2.05 per share which beat the analyst consensus estimate of $2.03 by 0.99 percent. This is a 13.14 percent decrease over earnings of $2.36 per share from the same period last year.  The company reported quarterly sales of $1.901 billion which beat the analyst consensus estimate of $1.872 billion by 1.54 percent.  This is a 6.99 percent decrease over sales of $2.044 billion the same period last year.</p>


UFP Industries Q2 2024 GAAP EPS $2.05 Beats $2.03 Estimate, Sales $1.901B Beat $1.872B Estimate

ALLE

Shares of construction and building product companies are trading higher after store sales of building material and garden supplies rose 1.4% in June.

<p><strong>UFP Industries's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NYSE">UFPI</a>) short percent of float has fallen 18.18% since its last report. The company recently reported that it has <strong>646 thousand shares sold short</strong>, which is 1.44% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.95 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>UFP Industries Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719001820_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for UFP Industries has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing UFP Industries's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UFP Industries's peer group average for short interest as a percentage of float is 3.67%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Looking Into UFP Industries's Recent Short Interest

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Shares of several industrial companies are trading higher amid overall market strength following positive inflation data.

<p>During the last three months, 4 analysts shared their evaluations of UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated UFP Industries and provided 12-month price targets. The average target is $124.25, accompanied by a high estimate of $137.00 and a low estimate of $102.00. Surpassing the previous average price target of $124.00, the current average has increased by 0.2%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714568500_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>A clear picture of UFP Industries's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$133.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$102.00</td>
<td>-</td>
</tr>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$137.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Stanley Elliott</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to UFP Industries. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of UFP Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for UFP Industries's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Capture valuable insights into UFP Industries's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/UFPI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on UFP Industries analyst ratings.</strong></a></p>
<h2>Get to Know UFP Industries Better</h2>
<p>UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.</p>
<h3>Unraveling the Financial Story of UFP Industries</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Revenue Challenges:</strong> UFP Industries's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately <strong>-20.35%</strong>. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.</p>
<p><strong>Net Margin:</strong> UFP Industries's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>6.44%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> UFP Industries's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>3.32%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> UFP Industries's ROA stands out, surpassing industry averages. With an impressive ROA of <strong>2.45%</strong>, the company demonstrates effective utilization of assets and strong financial performance.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.13</strong>, UFP Industries adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Evaluating UFP Industries: Insights From 4 Financial Analysts

UFP Industries rises as Wedbush upgrades on positive lumber market trends

UFP Industries Q3 2024 Earnings Preview

The company provided its short term outlook. "We continue to anticipate lumber prices will remain at lower levels in 2024 based on current supply a...

UFP Industries provides its short term outlook for lumber, end market

Here's the major earnings before the open tomorrow

In a report released today, Kurt Yinger from D.A. Davidson maintained a Hold rating on UFP Industries (UFPI – Research Report). The company's share...

D.A. Davidson Sticks to Their Hold Rating for UFP Industries (UFPI)

UFP Industries declares $0.33 dividend

Ufp Industries, Inc. ( ($UFPI) ) has realeased its Q3 earnings. Here is a breakdown of the information Ufp Industries, Inc. presented to its invest...

UFP Industries Reports Q3 Earnings Amid Market Challenges

Wedbush analyst Jay McCanless reiterated a Buy rating on UFP Industries (UFPI – Research Report) today and set a price target of $155.00. The compa...

Wedbush Sticks to Their Buy Rating for UFP Industries (UFPI)

ProWood announced a new partnership with Dixieply. Through this partnership, Dixieply will now offer ProWood FR Fire Retardant Treated wood across ...

ProWood partners with Dixieply to expand availability of FRT wood

BlackRock Advantage Small Cap Core Fund Q3 2024 Commentary

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Press Releases

UFP Industries to Participate in the Stifel 2024 Cross Sector Insight Conference

UFP Industries on the FORTUNE 500 for Third Consecutive Year

Horizon Bank Appoints Michele Samuels and Brian Walker to Serve as Independent Directors

UFP Industries Announces Second Quarter Results

CEO Matthew Missad to move to Executive Chairman role at UFP Industries; William "Will" Schwartz named CEO; CFO Mike Cole to add new role, President of Corporate Services

Stanley Elliott named Director of Investor Relations at UFP Industries, replacing the retiring Dick Gauthier

Landon Tarvin named President of UFP Retail Solutions

UFP Industries Announces Third Quarter Results

UFP Industries to Participate in Baird's Global Industrial Conference

ProWood Partners with Dixieply to Expand Availability of Fire-Retardant Treated Wood Across the Southeast

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