UFP Industries Q4 Earnings Miss, Sales Surpass Estimates
UFPI's fourth-quarter 2024 results are hurt by softer demand and broad-based pricing pressures.
UFP Industries: A Downgrade After An Excellent Run
UFP Industries has seen significant stock growth but recent performance has fallen a bit short of expectations. The company's revenue and profitability have declined due to falling lumber prices and reduced demand, impacting financial performance. Despite a strong net cash position and relative valuation advantages, the stock is no longer as cheap, warranting a cautious approach.
UFP Industries Gears Up for Q4 Earnings: Things to Keep in Mind
UFPI's fourth-quarter 2024 results are likely to reflect softer demand and lumber market swings.
Meet the Little-Known Growth Stock I'm Buying Hand Over Fist in 2025 After a Recent Dip in Price
UFP Technologies (UFPT -0.47%) has seen its share price grow by 12,040% over the last 25 years, making it a 121-bagger. Had investors held their shares throughout that time, they would have turned a $10,000 investment into more than $1.2 million.
UFP Industries Q3 Earnings & Sales Miss Estimates, Decline Y/Y
UFPI's third-quarter 2024 results reflect weak demand trends and pressures from the ongoing macroeconomic challenges.
1 Unstoppable Multibagger Up 10,200% Since 2000 to Buy and Hold Forever After a Recent Dip
Here's why I'm planning to add to UFP Technologies in October even though it has already soared.
Amalgamated Bank Reduces Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)
Amalgamated Bank lowered its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT – Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,966 shares of the industrial products company’s stock after selling 227 shares during the quarter. Amalgamated Bank’s holdings in UFP Technologies were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors also recently bought and sold shares of the company. Mountain Pacific Investment Advisers Inc. ID increased its stake in shares of UFP Technologies by 46.0% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 70,360 shares of the industrial products company’s stock valued at $12,105,000 after purchasing an additional 22,163 shares in the last quarter. Peterson Wealth Services purchased a new position in UFP Technologies during the fourth quarter valued at $204,000. Charles Schwab Investment Management Inc. grew its stake in shares of UFP Technologies by 193.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company’s stock worth $9,214,000 after acquiring an additional 37,590 shares during the last quarter. EFG Asset Management North America Corp. bought a new position in shares of UFP Technologies during the third quarter valued at $1,196,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in UFP Technologies by 112.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,340 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 1,240 shares in the last quarter. 87.28% of the stock is owned by institutional investors. UFP Technologies Stock Performance UFPT stock opened at $259.75 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 1.28. UFP Technologies, Inc. has a 1 year low of $127.29 and a 1 year high of $268.34. The company has a market cap of $1.99 billion, a P/E ratio of 41.76 and a beta of 0.90. The stock’s fifty day moving average price is $234.08 and its 200-day moving average price is $195.22. UFP Technologies (NASDAQ:UFPT – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. The business had revenue of $101.50 million during the quarter, compared to the consensus estimate of $94.80 million. UFP Technologies had a return on equity of 17.40% and a net margin of 11.75%. On average, equities analysts forecast that UFP Technologies, Inc. will post 6.19 earnings per share for the current year. Insiders Place Their Bets In related news, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the transaction, the vice president now directly owns 5,643 shares of the company’s stock, valued at approximately $1,108,849.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO R Jeffrey Bailly sold 27,090 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $209.48, for a total value of $5,674,813.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Steve Cardin sold 311 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the transaction, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,125 shares of company stock worth $6,511,420. Company insiders own 7.80% of the company’s stock. Analyst Upgrades and Downgrades Several research analysts have issued reports on UFPT shares. StockNews.com raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. CJS Securities assumed coverage on UFP Technologies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price target for the company. Finally, KeyCorp began coverage on UFP Technologies in a research report on Tuesday, February 6th. They issued a “sector weight” rating for the company. Check Out Our Latest Research Report on UFPT About UFP Technologies (Free Report) UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.
