Alert: New Earnings Report (10/28/24)-UFP Industries Inc (NASDAQ: UFPI).

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UFP Industries Inc (NASDAQ: UFPI) has reported E.P.S. of $1.64 for its third fiscal quarter (ending September 30) versus $2.14 for the same period a year ago — a decline of -23%. E.P.S. were $7.31 for the latest four quarters through September 30 versus $8.67 for the same period a year ago — a decline of -16%.

Recent Price Action

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On 10/28/24, UFP Industries Inc (NASDAQ: UFPI) stock increased 1.1%, closing at $131.57. Moreover, this advance was accompanied by above average trading volume at 123% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.8% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, UFPI is expected to continue to be a Value Builder.

UFP Industries has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. UFP Industries has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 68, with the High Neutral Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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