NorthCrest Asset Management LLC Decreases Position in UFP Industries by 3.1% in Q1

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UFP ($NASDAQ:UFPI) Industries, Inc. is a leading manufacturer and distributor of building and packaging materials, a provider of engineered wood products and value-added services, and a manufacturer of pre-fabricated wood and concrete components. UFP Industries is no exception, as it has seen its share price drop steadily over the past year. Despite this, UFP Industries still maintains a strong position in the building and packaging materials market, and analysts expect the company to rebound when the virus eases and the economy stabilizes.

Analysis

GoodWhale has conducted an analysis of UFP INDUSTRIES‘s wellbeing, and according to Star Chart, the company has a high health score of 10/10 in terms of cashflows and debt. This means that UFP INDUSTRIES is capable of paying off debt and funding future operations. We have classified UFP INDUSTRIES as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. Given its strong score in asset, dividend, growth, and profitability, UFP INDUSTRIES may be an attractive investment option for a variety of investors, such as those who seek a balance between capital growth and income growth. More conservative investors might find the company a good option for generating a steady source of income through dividends, while those looking for more aggressive returns might view UFP INDUSTRIES as an opportunity for capital appreciation. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ufp Industries. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ufp Industries. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ufp Industries. More…

Key Ratios Snapshot

Some of the financial key ratios for Ufp Industries are shown below. More…

Peers

UFP Industries Inc is one of the largest producers of wood products in North America. The company’s competitors include Blue Star Opportunities Corp, Interfor Corp, and West Fraser Timber Co. Ltd.

– Blue Star Opportunities Corp ($OTCPK:BSTO)

Interfor Corp is a Canadian forestry company with operations in British Columbia, Washington state, and Oregon. The company has a market cap of 1.23 billion Canadian dollars as of 2022. The company’s return on equity is 34.77%. Interfor Corp is engaged in the business of growing and harvesting trees, and manufacturing and selling lumber and wood products. The company’s products are used in the construction, industrial, and retail markets.

– Interfor Corp ($TSX:IFP)

As of 2022, West Fraser Timber Co. Ltd. had a market capitalization of $8.54 billion. The company had a return on equity of 26.74%. West Fraser Timber Co. Ltd. is a forest products company that produces lumber, wood chips, and other forest products. The company was founded in 1955 and is headquartered in Vancouver, Canada.

Summary

Investors have been cautiously analyzing UFP Industries, Inc. over the past quarter, with NorthCrest Asset Management LLC reducing their position by 3.1%. It is clear that investors are taking a wait-and-see approach with the stock as they look for signs of stability and potential upside. Analysts are closely reviewing quarterly earnings reports and other financial data to determine if the stock is a good investment for the long-term.

They are also evaluating the company’s performance in comparison to its competitors in the industry. Investors are wary of taking on too much risk in the near future, but remain hopeful that UFP Industries, Inc. will continue to show growth and potential returns in the long run.