UFP Industries (NASDAQ:UFPI) Rating Reiterated by Wedbush

UFP Industries (NASDAQ: UFPI) is a leading manufacturer of engineered wood products in North America. The company operates through two segments: Engineered Wood Products and Real Estate Development.

On July 15, 2021, Wedbush Securities reiterated its rating of "Outperform" on UFP Industries' stock with a price target of $340 per share. The firm cited the company's strong financial performance, including consistent revenue growth and solid profit margins, as well as its strategic initiatives to expand its product offerings and geographic reach.

Wedbush also noted that UFP Industries has a strong balance sheet with low leverage and a healthy cash flow position, which provides the company with flexibility to invest in growth opportunities and pay dividends to shareholders. Additionally, the firm highlighted the company's experienced management team and its commitment to innovation and sustainability, which are key drivers of long-term value creation.

Overall, Wedbush believes that UFP Industries is well positioned to continue delivering strong financial performance and growth opportunities for investors.