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UFP Industries

UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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UFP Industries Inc (NASDAQ: UFPI) said its subsidiary, UFP Global Holdings Ltd, has acquired 80% of the equity in a newly formed company, 

UFP Global Acquires 80% Stake In Spain-Based Palets Suller Group For $52M

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The cost of two-by-fours has returned to what it was prior to the Covid-19 pandemic construction boom as lumber prices drop to their lowest position in more than two years, signaling a significant slowdown in development.

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UFP Industries Acquires Ultra Aluminum Manufacturing For $25M

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UFP Industries Inc

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ROCK

Shares of construction and building product companies are trading higher after store sales of building material and garden supplies rose 1.4% in June.

<p><strong>UFP Industries's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NYSE">UFPI</a>) short percent of float has fallen 18.18% since its last report. The company recently reported that it has <strong>646 thousand shares sold short</strong>, which is 1.44% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.95 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>UFP Industries Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719001820_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for UFP Industries has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing UFP Industries's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UFP Industries's peer group average for short interest as a percentage of float is 3.67%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Looking Into UFP Industries's Recent Short Interest

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Shares of several industrial companies are trading higher amid overall market strength following positive inflation data.

<p>During the last three months, 4 analysts shared their evaluations of UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated UFP Industries and provided 12-month price targets. The average target is $124.25, accompanied by a high estimate of $137.00 and a low estimate of $102.00. Surpassing the previous average price target of $124.00, the current average has increased by 0.2%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714568500_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>A clear picture of UFP Industries's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$133.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$102.00</td>
<td>-</td>
</tr>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$137.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Stanley Elliott</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to UFP Industries. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of UFP Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for UFP Industries's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Capture valuable insights into UFP Industries's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/UFPI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on UFP Industries analyst ratings.</strong></a></p>
<h2>Get to Know UFP Industries Better</h2>
<p>UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.</p>
<h3>Unraveling the Financial Story of UFP Industries</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Revenue Challenges:</strong> UFP Industries's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately <strong>-20.35%</strong>. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.</p>
<p><strong>Net Margin:</strong> UFP Industries's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>6.44%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> UFP Industries's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>3.32%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> UFP Industries's ROA stands out, surpassing industry averages. With an impressive ROA of <strong>2.45%</strong>, the company demonstrates effective utilization of assets and strong financial performance.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.13</strong>, UFP Industries adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Evaluating UFP Industries: Insights From 4 Financial Analysts

<p>Benchmark  analyst Reuben Garner   maintains UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) with a Buy and lowers the price target from $137 to $133.</p>


Benchmark Maintains Buy on UFP Industries, Lowers Price Target to $133

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.66 by 18.07 percent.  The company reported quarterly sales of $1.639 billion which missed the analyst consensus estimate of $1.707 billion by 3.99 percent.  This is a 10.04 percent decrease over sales of $1.822 billion the same period last year.</p>


Earnings Beats

Earnings Misses

UFP Industries Q1 2024 GAAP EPS $1.96 Beats $1.66 Estimate, Sales $1.639B Miss $1.707B Estimate

<p><strong>UFP Industries's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NYSE">UFPI</a>) short percent of float has fallen 12.96% since its last report. The company recently reported that it has <strong>837 thousand shares sold short</strong>, which is 1.88% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.21 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>UFP Industries Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713815118_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for UFP Industries has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing UFP Industries's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UFP Industries's peer group average for short interest as a percentage of float is 3.90%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) has outperformed the market over the past 15 years by 4.5% on an annualized basis producing an average annual return of 17.03%. Currently, UFP Industries has a market capitalization of $6.94 billion. </p>
<p><strong>Buying $1000 In UFPI:</strong> If an investor had bought $1000 of UFPI stock 15 years ago, it would be worth <strong>$10,235.93</strong> today based on a price of $112.80 for UFPI at the time of writing.</p>
<h3>UFP Industries's Performance Over Last 15 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713369634_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$1000 Invested In This Stock 15 Years Ago Would Be Worth $10,000 Today

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) has outperformed the market over the past 10 years by 10.05% on an annualized basis producing an average annual return of 20.79%. Currently, UFP Industries has a market capitalization of $7.57 billion. </p>
<p><strong>Buying $100 In UFPI:</strong> If an investor had bought $100 of UFPI stock 10 years ago, it would be worth <strong>$646.17</strong> today based on a price of $123.01 for UFPI at the time of writing.</p>
<h3>UFP Industries's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711737011_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$100 Invested In UFP Industries 10 Years Ago Would Be Worth This Much Today

<p><strong>UFP Industries's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NYSE">UFPI</a>) short percent of float has risen 25.27% since its last report. The company recently reported that it has <strong>949 thousand shares sold short</strong>, which is 2.28% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.88 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>UFP Industries Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710792013_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for UFP Industries has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing UFP Industries's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UFP Industries's peer group average for short interest as a percentage of float is 3.65%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Peering Into UFP Industries's Recent Short Interest

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) has outperformed the market over the past 5 years by 16.95% on an annualized basis producing an average annual return of 29.71%. Currently, UFP Industries has a market capitalization of $7.02 billion. </p>
<p><strong>Buying $1000 In UFPI:</strong> If an investor had bought $1000 of UFPI stock 5 years ago, it would be worth <strong>$3,646.51</strong> today based on a price of $113.99 for UFPI at the time of writing.</p>
<h3>UFP Industries's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710451825_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much $1000 Invested In UFP Industries 5 Years Ago Would Be Worth Today

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) has outperformed the market over the past 20 years by 5.2% on an annualized basis producing an average annual return of 12.88%. Currently, UFP Industries has a market capitalization of $6.88 billion. </p>
<p><strong>Buying $100 In UFPI:</strong> If an investor had bought $100 of UFPI stock 20 years ago, it would be worth <strong>$1,037.54</strong> today based on a price of $111.35 for UFPI at the time of writing.</p>
<h3>UFP Industries's Performance Over Last 20 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708716611_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$100 Invested In This Stock 20 Years Ago Would Be Worth $1,000 Today

<p>During the last three months, 4 analysts shared their evaluations of UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated UFP Industries and provided 12-month price targets. The average target is $119.75, accompanied by a high estimate of $137.00 and a low estimate of $102.00. Marking an increase of 3.53%, the current average surpasses the previous average price target of $115.67. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708610419_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>The analysis of recent analyst actions sheds light on the perception of UFP Industries by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$102.00</td>
<td>-</td>
</tr>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$137.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Stanley Elliott</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Stanley Elliott</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$112.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to UFP Industries. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of UFP Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of UFP Industries's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of UFP Industries's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/UFPI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on UFP Industries analyst ratings.</strong></a></p>
<h2>Delving into UFP Industries's Background</h2>
<p>UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.</p>
<h3>UFP Industries: A Financial Overview</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> UFP Industries's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately <strong>-16.59%</strong>. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.</p>
<p><strong>Net Margin:</strong> UFP Industries's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>6.79%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> UFP Industries's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>3.48%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> UFP Industries's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>2.58%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> UFP Industries's debt-to-equity ratio is below the industry average at <strong>0.09</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Landscape: 4 Takes On UFP Industries

<p>Wedbush  analyst Jay McCanless   reiterates UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) with a Neutral and maintains $102 price target.</p>


Reiteration

Wedbush Reiterates Neutral on UFP Industries, Maintains $102 Price Target

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.</p>
<ul>
<li>Telsey Advisory Group raised the price target for <strong> Walmart Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) from $185 to $205. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Walmart shares fell 1.1% to trade&nbsp;at $173.88 on Wednesday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Benchmark boosted <strong> UFP Industries, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufpi#NASDAQ">UFPI</a>) price target from $120 to $137. Benchmark analyst Reuben Garner maintained a Buy rating. UFP Industries shares fell 0.2% to trade at $109.83 on Wednesday. <a href="https://www.benzinga.com/quote/UFPI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Scotiabank cut the price target for <strong> SolarEdge Technologies, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) from $93 to $90. Scotiabank analyst Tristan Richardson maintained a Sector Perform rating. SolarEdge shares fell 11.8% to trade at $74.44 on Wednesday. <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised <strong> Skyward Specialty Insurance Group, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skwd#NASDAQ">SKWD</a>) price target from $38 to $40. JMP Securities analyst Matthew Carletti maintained a Market Outperform rating. Skyward Specialty Insurance shares fell 3.6% to trade at $33.44 on Wednesday. <a href="https://www.benzinga.com/quote/SKWD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham increased the price target for <strong> LivaNova PLC </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/livn#NASDAQ">LIVN</a>) from $62 to $72. Needham analyst Mike Matson maintained a Buy rating. LivaNova shares gained 6.8% to trade at $56.15 on Wednesday. <a href="https://www.benzinga.com/quote/LIVN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital cut the price target for <strong> Teladoc Health, Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdoc#NYSE">TDOC</a>) from $30 to $25. RBC Capital analyst Sean Dodge maintained an Outperform rating. Teladoc Health shares fell 25% to trade at $15.37 on Wednesday. <a href="https://www.benzinga.com/quote/TDOC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Cantor Fitzgerald cut <strong> Palo Alto Networks, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>) price target from $400 to $350. Cantor Fitzgerald analyst Yi Fu Lee maintained an Overweight rating. Palo Alto Networks shares dipped 27% to trade at $267.06 on Wednesday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Canaccord Genuity increased <strong> The Middleby Corporation </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/midd#NASDAQ">MIDD</a>) price target from $164 to $166. Canaccord Genuity analyst Brian McNamara maintained a Buy rating. Middleby shares gained 1.2% to trade at $150.01 on Wednesday. <a href="https://www.benzinga.com/quote/MIDD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush boosted <strong> Tri Pointe Homes, Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tph#NYSE">TPH</a>) price target from $32 to $35. Wedbush analyst Jay McCanless maintained a Neutral rating. Tri Pointe Homes shares gained 1.7% to trade at $35.36 on Wednesday. <a href="https://www.benzinga.com/quote/TPH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. cut <strong> Bicycle Therapeutics plc </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcyc#NASDAQ">BCYC</a>) price target from $57 to $55. HC Wainwright &amp; Co. analyst Swayampakula Ramakanth maintained a Buy rating. Bicycle Therapeutics shares rose 4.9% to trade at $23.80 on Wednesday. <a href="https://www.benzinga.com/quote/BCYC/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
<p>&nbsp;</p>
<p>Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/37237145/nvidia-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call"><em> NVIDIA Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </em></a></p>


<p>Benchmark  analyst Reuben Garner   maintains UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) with a Buy and raises the price target from $120 to $137.</p>


Benchmark Maintains Buy on UFP Industries, Raises Price Target to $137

UFP Industries shares are trading lower after the company reported worse-than-expected Q4 financial results.

<p><strong>Short-Term Outlook</strong></p>
<p>Lumber Market: We anticipate lumber prices, which returned to more normalized levels in 2023 after pandemic-inflated highs, will remain at lower levels based on current supply and demand and follow more typical seasonal trends.</p>
<p>End Market Demand: Based on key packaging indicators and forecasts for homebuilding and repair and remodeling, we anticipate demand for our packaging segment will be slightly down and demand for our construction and retail segments to be slightly up to slightly down in 2024. We expect softer demand and a more competitive price environment in the first half of 2024, with improvement during the second half of the year.</p>
<p><strong>Long-Term Goals</strong></p>
<p>The company's five-year financial goals include:</p>
<p>- Achieving compounded annual unit sales growth of 7-10 percent. Smaller tuck-in acquisitions are intended to contribute to this goal.</p>
<p>- Realizing and sustaining a 12.5 percent adjusted EBITDA margin by continuing to enhance our capabilities and grow our portfolio of sales of value-added products, and by achieving operating improvements.</p>
<p>- Earning an incremental return on investment over our cost of capital.</p>
<p>- Maintaining a conservative capital structure.</p>


Guidance

UFP Industries Says 5-Year Financial Goals Includes Achieving Compounded Annual Unit Sales Growth Of 7%-10%. Smaller Tuck-In Acquisitions Are Intended To Contribute To This Goal

<p>UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) reported quarterly earnings of $1.62 per share which missed the analyst consensus estimate of $1.65 by 1.82 percent. This is a 22.86 percent decrease over earnings of $2.10 per share from the same period last year.  The company reported quarterly sales of $1.52 billion which missed the analyst consensus estimate of $1.64 billion by 7.07 percent.  This is a 20.36 percent decrease over sales of $1.91 billion the same period last year.</p>


UFP Industries Q4 EPS $1.62 Misses $1.65 Estimate, Sales $1.52B Miss $1.64B Estimate

<p><strong>UFP Industries</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) reported its Q4 earnings results on Tuesday, February 20, 2024 at 08:00 AM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>UFP Industries missed estimated earnings by 1.82%, reporting an EPS of $1.62 versus an estimate of $1.65.</p>
<p>Revenue was down $389.70 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.03 which was followed by a 0.64% increase in the share price the next day.</p>
<p>Here's a look at UFP Industries's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.13</td>
<td>2.42</td>
<td>1.75</td>
<td>1.83</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.10</td>
<td>2.36</td>
<td>1.98</td>
<td>2.10</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>2.02B</td>
<td>2.30B</td>
<td>1.86B</td>
<td>1.90B</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>1.83B</td>
<td>2.04B</td>
<td>1.82B</td>
<td>1.91B</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for UFP Industries <a href="https://www.benzinga.com/quote/UFPI/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Recap: UFP Industries Q4 Earnings

Analysts fell to the sidelines weighing in on Westlake Chemical (WLK – Research Report), Warrior Met Coal (HCC – Research Report) and UFP Industrie...

Wall Street Analysts Are Neutral on Top Materials Picks

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It&rsquo;s been three weeks since <strong>Reddit </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/rddt-stock-quote/"><strong>RDDT</strong></a></span>) priced its shares at <a href="https://www.renaissancecapital.com/Profile/RDDT/Reddit/IPO">$34</a> for its initial public offering. Reddit stock gained 48.4% in its first-day return. By Mar. 26, it traded as high as $74.90, more than double its IPO price.&nbsp;</p>



<p>One reason RDDT stock did so well early in its run as a public company was the launch of options for the community platform company. Approximately <a href="https://www.reuters.com/technology/reddit-options-launch-draws-bulls-shares-extend-gains-2024-03-25/">90,000 options</a> traded on Mar. 25, the first day they were available.&nbsp;</p>



<p>&ldquo;The action is on the call side and collected around the upside,&rdquo; <em>Reuters </em>reported comments from Ophir Gottlieb, chief executive of Los Angeles-based Capital Market Laboratories. &ldquo;With the stock trading higher on Day One, this feels like speculation for higher moves.&rdquo;</p>



<p>So far in April, the daily options volume for Reddit stock has really fallen off, from <a href="https://www.barchart.com/stocks/quotes/RDDT/options-history">82,357</a> on Apr. 1 to 32,154 on Apr. 8.</p>



<p>It&rsquo;s clear that easy money has been made on RDDT stock. If you&rsquo;re thinking about options as a way to get in on the Reddit action, you might consider options plays from these three stocks, which have similar market capitalizations but better profit potential.</p>



<h2>Bellring Brands (BRBR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/powerbar-brbr-1600-300x169.jpg" alt="A picture of the Clean Whey Protein Bar flavoured vanilla coconut crunch."><div>Source: JJava Designs / Shutterstock.com</div></div><p><strong>Bellring Brands </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/brbr-stock-quote/"><strong>BRBR</strong></a></span>) is behind nutrition food and beverage brands Premier Protein, Dymatize, PowerBar, etc.&nbsp;</p>



<p>In the past five years, it&rsquo;s grown sales from <a href="https://cdn.bellring.com/assets/pdf/BRBR-2023-Annual-Report.pdf">$854 million</a> in 2019 (September year-end) to $1.67 billion in 2023, a compound annual growth rate of 18.3%. In terms of profits, it has grown its operating income by 15.3% annually over the same period.&nbsp;&nbsp;&nbsp;</p>



<p>Bellring&rsquo;s stock isn&rsquo;t cheap. It trades at 46x its trailing 12-month adjusted earnings per share and 30x the 2024 estimate of <a href="https://www.marketwatch.com/investing/stock/brbr/analystestimates">$1.60</a>. Bellring expects revenues to grow by 12% at the midpoint of its guidance, to $1.87 billion in 2024.&nbsp;</p>



<p>While it&rsquo;s slower than in previous years, double-digit growth of mature brands is never bad.&nbsp;</p>



<p>If you&rsquo;re looking for an option play, I like the Dec. 20 $52.50 call that expires in 255 days. The down payment is less than 20%. If its shares increase by 10.1%, you can exercise your right to buy 100 shares of BRBR stock.&nbsp;</p>



<h2>Applied Industrial Technologies (AIT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/industrials1600a-300x169.jpg" alt="Industrial stocks to buy: a person wearing a hard hat and holding a tablet while standing in front of a machine"><div>Source: Shutterstock</div></div><p><strong>Applied Industrial Technologies </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/ait-stock-quote/"><strong>AIT</strong></a></span>) dates back to <a href="https://www.applied.com/history">1923</a> when it was known as the Ohio Ball Bearing Company. Based in Cleveland, it changed its name to Bearings Inc. in 1953 and, more recently, in 1997, to its current name.&nbsp;</p>



<p>Today, the industrial products distributor has more than 570 locations in several countries and offers its customers more than 8.8 million SKUs (stock-keeping units).&nbsp;&nbsp;</p>



<p>The company became a public company in <a href="https://ir.applied.com/resources/investor-faqs/default.aspx">1953</a> and traded on the <strong>American Stock Exchange</strong> until switching to the <strong>NYSE</strong> in January 1965 under the symbol BER. It switched the symbol to APZ in 1997, after changing its name, and again in July 2000, to AIT.&nbsp;</p>



<p>Since switching to the AIT symbol, its shares have appreciated by 14.9% annually, more than double the <strong>S&amp;P 500</strong>.&nbsp;</p>



<p>As I write this, the May 17 $195 call has an ask price of $7.90, a down payment of 4.1%, which is reasonable. Trading in the money, its share price needs to increase by 3.2% over the next 38 days for you to consider exercising your right to buy 100 AIT shares.&nbsp;&nbsp;&nbsp;</p>



<p>I like its chances of going up more than 15% in 2024.&nbsp;&nbsp;</p>



<h2><strong>UFP Industries (UFPI)&nbsp;&nbsp;&nbsp;&nbsp;</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/lumber-300x169.jpg" alt="A stack of lumber with a blue sky in the background."><div>Source: Shutterstock</div></div><p><strong>UFP Industries </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ufpi-stock-quote/"><strong>UFPI</strong></a></span>) is a Michigan-based supplier of lumber for three markets: retail (<a href="https://www.ufpinvestor.com/static-files/7cf7e556-acdc-4c13-a83f-54d0f6376130">42%</a> of 2023 revenue), packaging (26%) and construction (32%). Founded in 1955, it went public in 1993. Its shares have appreciated by 13.7% annually over these 30 years.</p>



<p>I first recommended UFPI stock in <a href="https://investorplace.com/2020/10/10-small-cap-stocks-to-buy-from-some-of-americas-best-etfs/">October 2020</a>, when it traded at around $58. It&rsquo;s up 106% since, 147% better than the <strong>S&amp;P SmallCap 600 </strong>index. My rationale was simple: the growth in home improvement jobs by do-it-yourselfers drove higher revenues.&nbsp;</p>



<p>In September 2022, I did so again, suggesting that its plan to grow the percentage of annual sales from <a href="https://investorplace.com/2022/09/7-small-company-stocks-you-should-own-now/">new products</a> beyond 10% would do wonders for its business.&nbsp;</p>



<p>Due to the slowdown in new housing construction and slower home improvement demand from consumers due to higher interest rates, the company&rsquo;s sales and earnings took a step back in 2023.&nbsp;</p>



<p>However, it believes it&rsquo;s positioned to benefit when interest rates fall later this year and into 2025.&nbsp;</p>



<p>Over the next five years, it expects to grow annual sales by 7% to 10% while generating an average adjusted EBITDA margin of 12.5%.&nbsp;</p>



<p><em>On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.</em></p>
<div><p>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/3-options-plays-to-maximize-your-reddit-stock-gains/">3 Options Plays to Maximize Your Reddit Stock Gains</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p>The rest of 2024 could be a breakout period for cheap <strong>Russell 2000</strong> stocks. Thus far, the index posted a 3.6% gain since January, though it lags the <strong>S&amp;P 500&rsquo;s</strong> 10% bump. However, incoming tides might favor small-caps, setting the stage for a record run among cheap Russell 2000 stocks.</p>



<p>Investors are increasingly wary that investing in a large-cap index like the S&amp;P 500 overexposes them to a few high-performing stocks that skew total returns. This concern is valid, as the &ldquo;Magnificent 7&rdquo; stocks make up nearly 30% of the overall index and, until recently, accounted for most of its gains compared to the relatively flat performance of the other 493 stocks. While the rest of the index catches up, investors still face company and sector-specific risks by holding concentrated tech positions in <strong>Nvidia</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>), <strong>Apple</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/"><strong>AAPL</strong></a>), <strong>Meta</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a>), and the other top S&amp;P 500 stocks.</p>



<p>Meanwhile, potential rate cuts or at least a prolonged pause could benefit small-caps needing growth capital. High debt costs have hindered small-cap borrowing, and investor cash not allocated to mega-caps has largely remained in money market funds. Although investors are gradually returning to stocks, nearly <a href="https://www.ici.org/research/stats/mmf">$6 trillion</a> still sits in these funds. This dynamic created a vicious cycle for small-caps, struggling to attract investor interest compared to an attractive 5% (or more) fixed-income yield through money market accounts, high-yield savings, and <a href="https://writeonfinance.com/2023/04/10/bond-etf-benefits-fixed-income-alternatives-for-retail-traders/">bond ETFs</a>.</p>



<p>However, this situation is changing, and these seven cheap Russell 2000 stocks stand to benefit the most.</p>



<h2><strong>Valley National Bancorp</strong> (VLY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/banking1011600-300x169.jpg" alt="A pink piggy bank sitting on three stacked textbooks with a green chalkboard in the background."><div>Source: Shutterstock</div></div><p>As Fed rate cuts slowly take effect, banking stocks will move in one of two directions. Companies with limited debt or sufficient size to manage it, such as legacy mega-banks, will likely see their shares decline as net interest income dries up. Conversely, smaller regional banks with higher relative leverage and local real estate lending operations will benefit from lower borrowing rates and increasing consumer loan interest. Among these regional banks, <strong>Valley National Bancorp</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/vly-stock-quote/"><strong>VLY</strong></a>) stands out as a particularly cheap Russell 2000 stock.</p>



<p>Valley National&rsquo;s <a href="https://www.morningstar.com/stocks/xnas/vly/quote">stock trades</a> at a low 0.6x book value and 8x earnings, making it undervalued and inarguably cheap. Its strong balance sheet and low debt load, reflected in a debt-to-equity ratio of just 0.56 compared to the industry average of 1.2, demonstrate the bank&rsquo;s lower leverage relative to competitors. The bank&rsquo;s recent stock <a href="https://finance.yahoo.com/news/valley-national-vly-announces-share-161100413.html">buyback initiative</a> and a <a href="https://www.morningstar.com/stocks/xnas/vly/dividends">5.7% trailing dividend</a> yield further underscore its financial health.</p>



<p><a href="https://equityset.com/stocks/nasdaq-vly?tag=stock-analysis&amp;tab=sentiment">Analysts widely agree</a> that Valley National is undervalued. Consensus estimates assign an average price target of $9.44, about 20% above its current share price. In addition to this bullish outlook, sentiment around the bank&rsquo;s stock is improving, with around half of analysts now recommending a &ldquo;hold,&rdquo; a significant increase from the 50% who advised selling in the previous evaluation period.</p>



<h2>Cheap Russell 2000 Stocks: <strong>Duolingo (DUOL)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/shutterstock_1668567226-300x169.jpg" alt="DUOL stock: A phone displaying the duolingo logo in front of a computer screen displaying the duolingo site"><div>Source: dennizn / Shutterstock</div></div><p><strong>Duolingo</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/duol-stock-quote/"><strong>DUOL</strong></a>) is a hidden gem in the education tech sector. Despite its shares more than doubling last year, it&rsquo;s dipped 16% since January and 27% in the past week. However, given its strengths, the current dip presents a buying opportunity. Initially, there were doubts about the commercial viability of its mobile language learning apps. Still, Duolingo is proving its viability as an EdTech stock and a (relatively) cheap Russell 2000 stock contender.</p>



<p>The key to its success lies in its popularity among customers. Several factors contribute to its widespread appeal, including the increasing reliance on smartphones, the effectiveness of self-directed learning, engaging gamification elements, and lingering post-pandemic habits.</p>



<p>Duolingo&rsquo;s <a href="https://investors.duolingo.com/static-files/3fd01aca-f917-4e6d-b310-30922e2e4e83">latest earnings</a> report showed a 5447 year-over-year surge in subscription rates, generating $161 million for the quarter. The number of paid subscribers rose to 7.4 million, marking a 54% year-over-year increase. Building on this success, Duolingo recently announced plans to expand its educational offerings to include music and math lessons.</p>



<p>Although some argue that Duolingo&rsquo;s market valuation is too high, similar criticisms were once directed at Nvidia. With virtually no rivals matching its position, Duolingo is well-positioned to maintain its dominance into 2024 &mdash; this cheap Russell 2000 stock won&rsquo;t remain so for long.</p>



<h2>UFP Industries (UFPI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/lumber-stocks-1-300x169.jpg" alt="Wooden planks stacked in a warehouse"><div>Source: Shutterstock</div></div><p><strong>UFP Industries</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ufpi-stock-quote/"><strong>UFPI</strong></a>) is a lumber supply company that supports housing manufacturers. This cheap Russell 2000 stock stands to benefit from real estate trends rapidly changing as markets reach a &ldquo;new normal&rdquo; paradigm of higher-for-longer.</p>



<p>After a significant slump throughout 2022 and most of 2023, <a href="https://fred.stlouisfed.org/series/HOUST">new housing starts</a> are stabilizing. This continued expansion indicates renewed enthusiasm for new builds in a still-hot real estate market. Although existing home prices stagnated and fell, developers seized the opportunity to attract middle-market homebuyers by offering new homes priced below market estimates and providing attractive financing deals to counter high mortgage rates.</p>



<p>This strategic move boosts UFP&rsquo;s lumber supply operation. Additionally, the company&rsquo;s solid fundamentals distinguish it from competitors. With a <a href="https://www.morningstar.com/stocks/xnas/ufpi/quote">price-to-sales</a> ratio of 1, investor enthusiasm is well-aligned with practical revenue targets. UFP&rsquo;s cash flow is strong, with <a href="https://www.morningstar.com/stocks/xnas/ufpi/financials">$788 million in free cash flow</a> over the past 12 months. The company is also virtually debt-free, maintaining a healthy cash and net asset balance. These robust fundamentals position UFP to capitalize on evolving trends while providing a cushion against economic downturns or industry supply chain shocks, even as rate cut prospects remain uncertain.</p>



<h2>Cheap Russell 2000 Stocks: Fabrinet (FN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/bank-lending-capital-1600-300x169.jpg" alt="hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills. Bank stocks"><div>Source: shutterstock.com/CC7</div></div><p>Though often overlooked, <strong>Fabrinet</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/fn-stock-quote/"><strong>FN</strong></a>) is becoming a key player among cheap Russell 2000 stocks, riding the artificial intelligence wave but sufficiently differentiated to avoid major competitive action. As a major upstream supplier for leading firms like Nvidia, it provides essential components for modern technology. Fabrinet&rsquo;s product range is broad, but its fiber optic cable segment is the cheap Russell 2000 stock&rsquo;s shining star.</p>



<p>The company produces cutting-edge, ultra-high-speed fiber optic cables that enable rapid communication between computers and hardware systems at speeds exceeding 800 GB per second. These cables facilitate swift, large-scale data transfers for AI-focused firms like Nvidia but also serve cloud computing and generalized data storage and management purposes. This segment of Fabrinet&rsquo;s business currently generates about $500 million in revenue, with projections indicating a potential doubling of operational income in the coming years.</p>



<p>Shares surged recently, hitting a 22% gain since January and 150% over the past year. That momentum seems to be continuing, making it one of the best Russell 2000 stocks poised to capture steady-state AI sector growth.</p>



<h2><strong>Lattice Semiconductor Corp</strong> (LSCC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600e-300x169.jpg" alt="semiconductor stocks Close-up electronic circuit board. technology style concept. representing semiconductor stocks. top semiconductor stocks to buy now. semiconductor stocks"><div>Source: Shutterstock</div></div><p><strong>Lattice Semiconductor</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/lscc-stock-quote/"><strong>LSCC</strong></a>) is a prominent semiconductor company focusing on various &ldquo;big data&rdquo; computing solutions, including edge and cloud computing. Its core products also span across consumer electronics like televisions and laptops, ensuring its market penetration and staying power. Recent financials indicate strength for this often-overlooked semiconductor company and cheap Russell 2000 stock.</p>



<p>In April&rsquo;s <a href="https://ir.latticesemi.com/static-files/02d79053-4b33-46ac-b47c-b16b9d5121f2">earnings report</a>, Lattice boosted its financial standing slightly, which &ldquo;Came in as expected [reflecting] the near-term impact of cyclic industry headwinds,&rdquo; according to CEO Jim Anderson. Revenue dropped by 20% year-over-year, and the company adapted to cost-cutting initiatives while roughly maintaining its gross margin. Net income dropped, too, though the company still posted an 11-cent EPS. Despite the ambivalent news, shares dipped by about 4%, which seems reasonable considering the headwinds Anderson referenced.</p>



<p>One reason is a slight slowdown in demand. Enthusiasm for general-purpose artificial intelligence seems to have peaked, and consumers are cutting spending. This indicates that firms with an AI advantage have enough computing power to sustain them for the foreseeable future.</p>



<p>Simultaneously, slowing consumer sentiment means Lattice&rsquo;s peripheral products, like televisions, are not selling as expected. However, apparent shifts in consumer sentiment could reverse this trend. Lattice&rsquo;s strong financial position allows it to withstand periods of flat sales growth, while its expansive portfolio ensures longevity in a competitive industry.</p>



<h2>Cheap Russell 2000 Stocks: <strong>Healthpeak Properties</strong> (PEAK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/healthcare1600a-300x169.jpg" alt="stethoscope on a stock chart representing healthcare stocks to buy. Healthcare Stocks"><div>Source: Shutterstock</div></div><p>Unlike many of today&rsquo;s cheat Russell 2000 stocks, <strong>Healthpeak Properties</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/peak-stock-quote/"><strong>PEAK</strong></a>) thrives in any interest rate environment. Furthermore, the company&rsquo;s management is at the forefront of emerging healthcare trends, making it an excellent choice for investors seeking flexibility and responsiveness alongside the wider real estate sector&rsquo;s upside potential.</p>



<p>In response to senior living facilities&rsquo; challenges during the pandemic, management decisively sold most of its senior housing assets for <a href="https://www.mcknightsseniorliving.com/home/news/healthpeak-substantially-exits-rental-senior-housing-with-final-149-million-in-sales/">about $4 billion</a> in 2020 and 2021. The company then strategically reinvested the proceeds into life science and medical office portfolios, sectors with high-quality assets in leading markets and top-tier tenants, both marking today&rsquo;s top emerging healthcare segments.</p>



<p>Healthpeak&rsquo;s strategic repositioning allows it to capitalize on potential regulatory changes in healthcare, especially cost-management initiatives targeting aging populations on fixed incomes. With its high-quality facilities in niche markets, Healthpeak is well-positioned to meet the rising demand from premier healthcare systems, anticipating that those who can afford it will demand a more concierge experience.</p>



<h2>FirstCash Holdings (FCFS)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/03/laptop-money.jpg"><img width="300" height="180" src="https://investorplace.com/wp-content/uploads/2024/03/laptop-money-300x180.jpg" alt="An image of a laptop with money flying out of the screen"></a><p><strong>FirstCash Holdings</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fcfs-stock-quote/"><strong>FCFS</strong></a>) thrives in a shrinking economy by offering pawn services nationally and globally. To that end, the company&rsquo;s stock posted a decent 9% gain year-to-date, widely in line with wider markets. Anticipate another increase as we enter the summer season and consumers sell unwanted spring cleaning items for quick cash. FirstCash stands out among typical pawn shops by also providing a range of fintech-style financing and payment options, positioning itself as a pioneer in a world increasingly moving away from cash transactions.</p>



<p>Despite high investment outflows, FirstCash consistently generates substantial free cash flow, totaling $355 million over the past 12 months. Its <a href="https://www.morningstar.com/stocks/xnas/fcfs/financials">growth trajectory</a> is stable, averaging 25% annual revenue growth and 27% annual net income expansion over the past three years. Between 2021 and 2022, net income more than doubled, and that momentum hasn&rsquo;t yet abated. While initial gains could be partly due to reduced pawn interactions during the pandemic, economic tightening likely contributed to the increase. If this trend continues, the cheap Russell 2000 stock is set for similar gains as we enter 2024&rsquo;s second half.</p>



<p><em>On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the <a href="http://InvestorPlace.com">InvestorPlace.com</a> <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/7-cheap-russell-2000-stocks-to-buy-now-may-2024/">7 Cheap Russell 2000 Stocks to Buy Now: May 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Cheap Russell 2000 Stocks to Buy Now: May 2024

Dividend Champion, Contender, And Challenger Highlights: Week Of May 26

UFP Industries: Overvalued, Even If It Can Continue To Grow With Acquisitions

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investing in dividend <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> is a slow and steady way to build wealth. Stocks characterized by this investing style will raise their dividends annually but also typically experience a rising share price. This makes for a powerful combination that adds to wealth annually.</p>



<p>We highlight three companies with high dividend growth rates over five- and 10-year periods. Two of the three equities are Dividend Kings, while one is a Dividend Contender. The firms clearly prioritize investors, making them all-around solid buys for those looking to build their wealth. </p>



<h2>Lowe&rsquo;s (LOW) </h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/L1600-300x169.jpg" alt="the front of a Lowe's store"><div>Source: Helen89 / Shutterstock.com</div></div><p><strong>Lowe&rsquo;s </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/low-stock-quote/"><strong>LOW</strong></a></span>) is one of the leading high dividend growth stocks. Some people find this fact surprising because the firm is also a 2024 Dividend King, a company that has increased its dividend for 50-plus years and is over 100 years old. A mature company usually does not have high dividend growth.</p>



<p>Lowe&rsquo;s has been successful because it locates stores conveniently where demand is presumably high. Older homes need upkeep, remodeling, and renovation. New homes need paint, landscaping, and personal touches. Revenue and earnings per share typically increase annually by selling more items, raising prices, and opening more stores. Lowe&rsquo;s <a href="https://corporate.lowes.com/who-we-are/our-business">operates over 1,700 stores</a> in the United States, leaving room for expansion.</p>



<p>The home retailer is a favorite with investors when it comes to dividend growth combined with price appreciation. It is a <a href="https://www.dividendpower.org/list-dividend-kings-2024/">Dividend King with a 62-year streak</a> of yearly increases, one of the few companies reaching the six-decade threshold. It last raised the dividend at the end of May 2023. Investors should expect another increase soon. The dividend growth rate has been roughly 20% over the past decade. We expect a lower increase this year because EPS may decline, but we anticipate higher growth rates when revenue and earnings per share rebound.</p>



<p>Consensus calls for earnings to fall in 2024 and possibly 2025, but the firm should return to growth as inflation and interest rates fall. We view Lowe&rsquo;s as a long-term buy. It currently boasts a dividend yield of nearly 2%, more than the 5-year average of 1.8%. This yield is backed by a modest payout ratio of approximately 33%. An A+ <a href="https://blog.portfolio-insight.com/entries/24dd1e53-6351-41ee-93d1-642ebfe44715">dividend quality grade</a>&nbsp;and BBB+/Baa1 investment-grade credit rating boost dividend safety.</p>



<h2>UFP Industries (UFPI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/timber-wood-1600-300x169.jpg" alt="photo of walking space between two very tall stacks of processed timber"><div>Source: shutterstock.com/Free Belarus</div></div><p><strong>UFP Industries</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ufpi-stock-quote/"><strong>UFPI</strong></a></span>) is a much smaller company, but its dividend growth rate is even more impressive than Lowe&rsquo;s. Most people probably have not heard about the business. It has a nearly 70-year history selling wood and other products to the housing industry. It was previously known as Universal Forest Products. Today, the business operates in eight countries through three segments: UFP Retail Solutions, UFP Construction, and UFP Packaging.&nbsp;Total revenue reached $7.2 billion in 2023.</p>



<p>UFPI is on the&nbsp;<a href="https://www.dividendpower.org/list-dividend-contenders-2024/">list of Dividend Contenders</a>&nbsp;with a 12-year streak of increases. The share price has declined this year because of lower sales. Revenue peaked in 2022 at over $9.6 billion. The dividend yield is only 1.1%, slightly greater than the 5-year average. The dividend growth rate is outstanding at over 25% for the trailing five years. The meager payout ratio of 13.6% indicates more increases to come. However, because revenue and earnings are expected to decline in 2024 and 2025, the increases may be subdued until the trend reverses.</p>



<p>The payout ratio suggests that the dividend safety is simply outstanding. Free cash flow of $780 million covers the dividend requirement of $68 million in 2023. UFPI also has a BBB+/Baa1 investment credit rating. </p>



<p>UFPI&rsquo;s struggling share price makes it attractive because it trades only at 15.6 times forward earnings. This is a reasonable value within the five- and 10-year ranges. As a result, we view this equity as a buy.</p>



<h2>Nordson (NDSN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/ndsn1600-nordson1600-300x169.jpg" alt="A smartphone displaying the Nordson (NDSN) logo in front of a trading screen."><div>Source: Piotr Swat / Shutterstock.com</div></div><p><strong>Nordson</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ndsn-stock-quote/"><strong>NDSN</strong></a></span>) is another Dividend King. However, it is not well-known even though its market capitalization exceeds $13 billion. Besides being a member of the Dividend Kings, the equity is known for its higher dividend growth rate.</p>



<p>The company designs, manufactures, and sells systems and products to dispense fluids, like adhesives, coatings, polymers and sealants. It has three operating segments: Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions. Total revenue was $2.65 billion in the last 12 months.</p>



<p>Nordson has a <a href="https://www.dividendpower.org/list-dividend-kings-2024/">61-year streak of increasing its dividend</a>, and has a 10-year dividend growth rate near 15%. Moreover, the low payout ratio of 29.5% suggests many more future increases. Earnings are predicted to rise in the next three years, and we expect another solid dividend increase in August 2024.</p>



<p>One negative about Nordson is the low yield of 1.1%, which likely keeps this stock off an income investor&rsquo;s radar. However, Nordson earns an A+ dividend quality grade, meaning it&rsquo;s in the 95th&nbsp;percentile of dividend-paying stocks. It also has a BBB/Baa2 investment-grade credit rating, giving investors greater confidence about its safety.</p>



<p>We view Nordson as a buy because of its dividend growth, safety, streak, and acceptable valuation.</p>



<p><em>On the date of publication, Prakash Kolli held a LONG position in LOW. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Prakash Kolli is the founder of the <a href="https://www.dividendpower.org/">Dividend Power</a> site. He is a self-taught investor and blogger on dividend growth stocks and financial independence. Some of his writings can be found on Seeking Alpha, InvestorPlace, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, FXMag, and leading financial blogs. He also works as a part-time freelance equity analyst with a leading newsletter on dividend stocks. He was recently in the top 1.0% and 100 (81 out of over 9,459) of financial bloggers as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha.</p></div><h3>More From InvestorPlace</h3>
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3 High-Dividend Growth Stocks to Buy to Build Future Wealth

Here are three companies with high dividend growth rates over five and ten years.

3 High Dividend Growth Stocks To Build Future Wealth

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Barron&rsquo;s recently pointed out that the <strong>S&amp;P SmallCap 600</strong> generated an annual return of 8.2% over the past decade, considerably less than the nearly 13% return for the <strong>S&amp;P 500</strong>. Part of the problem is there aren&rsquo;t as many profitable small-cap stocks available as there once were.</p>




<p>&ldquo;Today, only about 60% of small-cap stocks in the Russell 2000 are profitable, down from 70% before the pandemic. It is one of the lowest levels since the 2008-2009 financial crisis,&rdquo; Barron&rsquo;s contributor Ian Salisbury <a href="https://www.barrons.com/articles/small-cap-stocks-investing-underperform-25ee0c42">wrote</a>.</p>




<p>Between artificially low interest rates keeping suspect companies afloat to the attraction of staying private for longer, it&rsquo;s harder to get enough quality cash-cow stocks.&nbsp;</p>



<p>However, a possible solution, says Salisbury, is to look through the holdings of quality-focused ETFs that look for companies with consistent profits and fortress-like balance sheets.&nbsp;</p>



<p>Here are three names from the <strong>Dimensional U.S. Small Cap ETF </strong>(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/dfas-stock-quote/"><strong>DFAS</strong></a></span>). Each of the names has five years of consecutive profits and possesses little or no net debt.&nbsp;</p>



<h2>Fabrinet (FN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/manufacturingstocks1600-300x169.png" alt="The fiber laser cutting machine cutting the sheet metal plate with the sparking light.Hi-technology manufacturing concept."><div>Source: Pixel B / Shutterstock.com</div></div><p><strong>Fabrinet </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/fn-stock-quote/"><strong>FN</strong></a></span>) <a href="https://investor.fabrinet.com/static-files/5dabe593-918e-4584-9d54-6ec59458e5ce">provides</a> advanced precision optical and electronic/mechanical manufacturing services for OEM (original equipment manufacturer) companies making complex and technical products for their customers.&nbsp;</p>



<p>The company finished Q3 2024 with almost <a href="https://www.morningstar.com/stocks/xnys/fn/financials">$788 million</a> in net cash on its balance sheet and three-year annualized growth rate for operating income of <a href="https://www.morningstar.com/stocks/xnys/fn/valuation">30.0%</a>. Its revenues grew by 17.2% annually over the past three years.&nbsp;&nbsp;</p>



<p>Fabrinet stock is up 32% year-to-date and 86% over the past year. Since the company&rsquo;s IPO in June 2010 &mdash; it sold <a href="https://investor.fabrinet.com/news-releases/news-release-details/fabrinet-prices-initial-public-offering">8.5 million shares</a> at $10 &mdash; its shares have appreciated by 2,400%.&nbsp;</p>



<p>Of the <a href="https://www.marketwatch.com/investing/stock/fn/analystestimates">nine analysts</a> who cover its stock, five rated it a buy, with a target price of $231.25, below where it&rsquo;s currently trading.</p>



<p>In terms of revenues and operating profits in the latest quarter, Fabrinet&rsquo;s revenues rose 10% to <a href="https://investor.fabrinet.com/node/12581/pdf">$731.5 million</a> from a year earlier. Meanwhile, its operating income was $71.3 million, 15% higher than in 2023.&nbsp;</p>



<p>The company&rsquo;s revenue in the quarter was $15 million higher than the analysts&rsquo; estimate for the quarter. On the bottom line, its GAAP earnings per share was $2.21, 10 cents higher than the consensus for the quarter.&nbsp;&nbsp;&nbsp;</p>



<p>With forecasted EPS of $2.05 at the midpoint of its guidance for the fourth quarter, it should earn $7.93 a share. Based on that estimate, it trades at 31x those earnings, which although high, is warranted for a company of its caliber.</p>



<h2>UFP Industries (UFPI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/construction-1-300x169.jpg" alt="two construction workers on a worksite"><div>Source: Shutterstock</div></div><p><strong>UFP Industries </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ufpi-stock-quote/"><strong>UFPI</strong></a></span>) is a Michigan-based company that provides products made from wood, wood and non-wood composites and other materials to three markets: retail (<a href="https://www.ufpinvestor.com/static-files/9d4cea3e-4c56-4fa0-9dc7-05c1d37945a7">40%</a> of sales), packaging (27%) and construction (33%).&nbsp;</p>



<p>Its retail business, which accounts for the greatest amount of sales, experienced a <a href="https://www.ufpinvestor.com/news-releases/news-release-details/ufp-industries-announces-first-quarter-results-0">17%</a> decline in revenue in the first quarter of 2024 due to a combination of lower selling prices and unit sales. Orders from big-box customers fell by 9% while those from independent retailers fell 7%. The decline in orders was due to lower demand from their customers combined with conservative inventory levels.&nbsp;&nbsp;&nbsp;</p>



<p>The company finished Q1 2024 with <a href="https://www.morningstar.com/stocks/xnas/ufpi/financials">$607 million</a> in net cash on its balance sheet and three-year annualized growth rate for operating income of <a href="https://www.morningstar.com/stocks/xnas/ufpi/valuation">22.0%</a>. Its revenues grew by 11.9% annually over the past three years.&nbsp;&nbsp;</p>



<p>The company&rsquo;s packaging and construction businesses had trailing 12-month adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margins of <a href="https://www.ufpinvestor.com/static-files/9f12a1a4-4656-4d10-bbf0-ab1edc3f87ad">12.5%</a> and 12.2%, respectively, through March 31. By comparison, its retail business, which is the largest by revenue, has an EBITDA margin of 7.6%, considerably lower.&nbsp;&nbsp;</p>



<p>Together, however, the three segments work together to ensure profits don&rsquo;t disappear when prices fall and demand slows.&nbsp;</p>



<h2>Comfort Systems USA (FIX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/fix1600-300x169.jpg" alt="The logo for Comfort Systems USA (FIX) displayed on a smartphone screen with a technical chart in the background."><div>Source: Piotr Swat / Shutterstock.com</div></div><p><strong>Comfort Systems USA </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/fix-stock-quote/"><strong>FIX</strong></a></span>) was one of three small-cap stocks I recently suggested could <a href="https://investorplace.com/2024/07/3-small-cap-stocks-to-juice-your-portfolios-long-term-returns/">double in price</a> over the next year. The company provides MEP (mechanical, electrical and plumbing) contracting services for new commercial buildings (55% of revenue) and those that are existing and in need of repairs and renovations (45%).&nbsp;</p>



<p>In addition to growing its sales through organic efforts, it also is an industry consolidator, using acquisitions to cost effectively buy revenue growth and talent. An acquisition is an effective way to fill gaps in your offerings.&nbsp;</p>




<p>&ldquo;We believe that we can further increase our cash flow and operating income by continuing to opportunistically enter new markets or service lines through acquisition,&rdquo; states pg. 5 of its <a href="https://investors.comfortsystemsusa.com/static-files/9165c046-bda8-48df-b54a-0587f316c247">2023 10-K</a>.&nbsp;&nbsp;</p>



<p>&ldquo;We have dedicated a significant portion of our cash flow on an ongoing basis to seeking opportunities to acquire businesses that have strong assembled workforces, excellent historical safety performance, leading design and energy efficiency capabilities, attractive market positions, a record of consistent positive cash flow, and desirable market locations.&rdquo;</p>




<p>While that&rsquo;s quite the laundry list of requirements, if done effectively, this can accelerate a company&rsquo;s growth trajectory.&nbsp;</p>



<p>As of March 31, the company had <a href="https://www.morningstar.com/stocks/xnys/fix/financials">$199 million</a> in net debt on its balance sheet and three-year annualized growth rate for operating income of <a href="https://www.morningstar.com/stocks/xnys/fix/valuation">30.04%</a>. Its revenues grew by 22.2% annually over the past three years.&nbsp;&nbsp;</p>



<p>Of the three, I like FIX the most.</p>



<p><em>On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</p></div><h3>More From InvestorPlace</h3>
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