UFP Industries (NASDAQ:UFPI) Hits New 52-Week Low – Should You Sell?

UFP Industries, Inc. (NASDAQ:UFPI)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $97.59 and last traded at $100.27, with a volume of 897627 shares changing hands. The stock had previously closed at $106.58.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Benchmark reiterated a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Stock Down 5.9 %

The firm has a 50-day moving average of $106.55 and a two-hundred day moving average of $117.21. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.81 and a beta of 1.45. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.27). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. UFP Industries’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 EPS. As a group, sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries’s dividend payout ratio (DPR) is currently 20.68%.

Hedge Funds Weigh In On UFP Industries

A number of hedge funds have recently modified their holdings of UFPI. Envestnet Asset Management Inc. boosted its position in UFP Industries by 6.7% during the first quarter. Envestnet Asset Management Inc. now owns 138,915 shares of the construction company’s stock valued at $14,869,000 after purchasing an additional 8,738 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of UFP Industries by 13.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,054 shares of the construction company’s stock worth $755,000 after purchasing an additional 810 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of UFP Industries by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 162,478 shares of the construction company’s stock worth $17,392,000 after purchasing an additional 1,815 shares in the last quarter. Meritage Portfolio Management lifted its holdings in shares of UFP Industries by 5.7% during the 1st quarter. Meritage Portfolio Management now owns 4,686 shares of the construction company’s stock valued at $502,000 after buying an additional 251 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of UFP Industries by 15.8% in the 1st quarter. KBC Group NV now owns 2,836 shares of the construction company’s stock valued at $304,000 after buying an additional 386 shares in 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.