In a report released today, Kurt Yinger from D.A. Davidson maintained a Buy rating on UFP Industries (UFPI – Research Report). The company’s shares closed yesterday at $95.17.
According to TipRanks, Yinger is a 5-star analyst with an average return of 25.1% and a 79.55% success rate. Yinger covers the Industrials sector, focusing on stocks such as Boise Cascade, Bluelinx Holdings, and UFP Industries.
Currently, the analyst consensus on UFP Industries is a Moderate Buy with an average price target of $98.75.
See the top stocks recommended by analysts >>
UFPI market cap is currently $5.91B and has a P/E ratio of 9.58.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UFPI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
