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GRAND RAPIDS, Mich. - UFP Factory Built, a division of UFP Industries (NASDAQ:UFPI), a $5.7 billion market cap company with strong financial health according to InvestingPro, announced Tuesday it has acquired Robert Weed Corporation’s Twin Falls, Idaho facility, expanding its western footprint in the recreational vehicle, cargo trailer and manufactured housing markets.
The acquisition aims to add regional service capabilities and increase capacity for UFP’s operations in these sectors, according to a company press release.
"We’re excited about the long-term growth opportunities this transaction provides us as well the operating synergies that exist with our existing locations in region," said Patrick Benton, President of UFP Construction.
Chad Eastin, Executive Vice President of UFP Factory Built, noted that the company plans to "expand and improve our custom structural and innovative solutions to customers in the region."
UFP Industries, headquartered in Grand Rapids, Michigan, operates through three subsidiaries: UFP Packaging, UFP Construction, and UFP Retail Solutions. The company manufactures and distributes products used in residential and commercial construction, packaging, and other industrial applications.
The company was founded in 1955 and has been listed on the Fortune 500. Financial terms of the acquisition were not disclosed in the announcement.
In other recent news, Universal Forest Products reported its first-quarter earnings for 2025, surpassing earnings per share (EPS) expectations with a reported EPS of $1.60, slightly above the forecast of $1.57. However, the company’s revenue fell short, coming in at $1.6 billion compared to the anticipated $1.61 billion. Benchmark analysts responded by adjusting the company’s stock target to $125 from $135 while maintaining a Buy rating, citing the company’s recent financial performance as a factor. BMO Capital Markets also revised its outlook, reducing the stock’s price target to $110 from $125, maintaining a Market Perform rating due to ongoing challenges such as soft demand and competitive pricing. DA Davidson maintained a Neutral rating with a price target of $117, highlighting the company’s effective expense management and share repurchase activities. The analyst notes reflect a cautious outlook, with expectations of continued pressure on EBITDA margins due to economic uncertainties and competitive dynamics. Despite these challenges, Universal Forest Products’ strong balance sheet and strategic expansions, such as new product launches, are seen as positive aspects that could help the company navigate the current market environment.
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