BMO Capital analyst Ketan Mamtora maintained a Hold rating on UFP Industries (UFPI – Research Report) yesterday and set a price target of $100.00. The company’s shares closed yesterday at $82.90.
According to TipRanks, Mamtora is a 4-star analyst with an average return of 11.7% and a 62.32% success rate. Mamtora covers the Basic Materials sector, focusing on stocks such as Louisiana-Pacific, Trex Company, and UFP Industries.
Currently, the analyst consensus on UFP Industries is a Strong Buy with an average price target of $103.50.
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Based on UFP Industries’ latest earnings release for the quarter ending April 1, the company reported a quarterly revenue of $1.82 billion and a net profit of $126.07 million. In comparison, last year the company had a net profit of $189.7 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2023, Patrick Benton, the Pres, UFP Construction, LLC of UFPI bought 642.00 shares for a total of $54,948.78.
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Universal Forest Products, Inc. operates as a holding company whose subsidiaries supply three robust markets: Retail, Construction and Industrial. It operates through the following segments: North, South, West, All Other, and Corporate. The All Other segment consists of alternative materials, international, idX, and corporate business units. The Corporate segment represents allocated administrative costs, and certain incentive compensation expense. The company was founded in 1955 and is headquartered in Grand Rapids, MI.
Read More on UFPI:
- UFP Industries price target lowered to $100 from $102 at Stifel
- UFP Industries price target raised to $112 from $102 at DA Davidson
- UFP Industries reports Q1 EPS $1.98, consensus $1.75
- UFPI Upcoming Earnings Report: What to Expect?
- Lumber prices fall amid pending home sales slump, Business Insider says
