UFP Industries (NASDAQ:UFPI) Sets New 1-Year Low – Here’s Why

UFP Industries, Inc. (NASDAQ:UFPI)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $107.25 and last traded at $108.75, with a volume of 88981 shares trading hands. The stock had previously closed at $109.93.

Analysts Set New Price Targets

A number of research firms recently weighed in on UFPI. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

UFP Industries Stock Down 0.8 %

The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average is $124.69 and its two-hundred day moving average is $123.59. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 15.00 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts anticipate that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

Insider Transactions at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the transaction, the director now owns 61,140 shares in the company, valued at $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the completion of the sale, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On UFP Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in UFP Industries by 300.0% in the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after acquiring an additional 144 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of UFP Industries in the 2nd quarter valued at $29,000. Signaturefd LLC lifted its position in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after purchasing an additional 76 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of UFP Industries during the third quarter worth $70,000. Finally, GAMMA Investing LLC increased its holdings in UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after buying an additional 132 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Company Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.