UFP Industries Inc (NASDAQ: UFPI) has reported earnings for its second fiscal quarter (ending June 30) of $2.05 versus $2.40 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $7.80 compared to $9.21 a year ago.
Recent Price Action
UFP Industries Inc (NASDAQ: UFPI) stock closed at $135.34 on 7/30/24 after a very large increase of 6.5%. Moreover, this advance was accompanied by unusually high trading volume at 158% of normal. The stock has performed in line with the market over the last nine months and has risen 9.8% 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 (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. UFP Industries has a slightly positive Appreciation Score of 68 but a slightly negative Power Rating of 34, and the Neutral Value Trend Rating results.
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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