UFP Industries (UFPI) Expected to Announce Quarterly Earnings on Monday

UFP Industries (NASDAQ:UFPI – Get Free Report) is set to release its quarterly earnings results after the close of the market on Monday, February 17th. Analysts are predicting earnings of $1.24 per share, along with an expected revenue of $1.43 billion for this quarter. Individuals interested in joining the company’s earnings conference call can register through the provided link.

UFP Industries Stock Performance

The stock for UFP Industries opened at $116.35 on Friday. The company has a market capitalization of $7.06 billion, a PE ratio of 16.00, and a beta of 1.45. Currently, its fifty-day simple moving average stands at $116.51, while the two-hundred-day simple moving average is at $123.43. UFP Industries maintains a current ratio of 4.31, a quick ratio of 3.25, and a debt-to-equity ratio of 0.07. Over the past twelve months, the stock has reached a low of $107.25 and a high of $141.33.

Analyst Upgrades and Downgrades

UFP Industries has seen attention from various analysts. Recently, StockNews.com upgraded UFP Industries from a “hold” rating to a “buy” rating as of December 3rd. Additionally, Wedbush reaffirmed an “outperform” rating on the stock with a target price of $155.00 in a report dated November 4th. Currently, one analyst rates the stock as a hold, while four analysts have given it a buy rating. According to MarketBeat, UFP Industries has a consensus rating of “Moderate Buy” and a average price target of $148.00.

Insider Transactions at UFP Industries

In related news, UFP Industries' Director William G. Currie sold 5,700 shares on December 13th at an average price of $126.59, totaling $721,563.00. Following this sale, Currie now possesses 61,140 shares valued at approximately $7,739,712.60, representing an 8.53% drop in ownership. CEO Matthew J. Missad also sold 15,000 shares on November 22nd for $1,965,450.00, decreasing his ownership by 4.55%. Currently, corporate insiders own 2.58% of UFP Industries' stock.

UFP Industries Company Profile

UFP Industries, Inc. operates across North America, Europe, Asia, and Australia and is involved in the design, manufacture, and marketing of wood and non-wood composite products. It operates in segments including Retail, Packaging, and Construction. The Retail segment provides treated lumber products such as decking, fencing, and other outdoor-related goods.

UFP, Earnings, Stock