UFP Industries (NASDAQ:UFPI) Hits New 12-Month Low – What’s Next?

UFP Industries, Inc. (NASDAQ:UFPI) shares hit a new 52-week low on Friday . The stock 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.

Analyst Ratings Changes

UFPI has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Stock Down 1.2 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The business’s fifty day moving average price is $124.97 and its two-hundred day moving average price is $123.55. The stock has a market capitalization of $6.60 billion, a PE ratio of 14.94 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company posted $2.10 earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities research analysts forecast that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is currently 18.16%.

Insider Buying and Selling

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

Hedge Funds Weigh In On UFP Industries

Several institutional investors and hedge funds have recently modified their holdings of UFPI. FMR LLC lifted its stake in UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after buying an additional 193,891 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of UFP Industries by 18.2% in the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after acquiring an additional 188,969 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of UFP Industries by 216.3% during the third quarter. Assenagon Asset Management S.A. now owns 202,124 shares of the construction company’s stock worth $26,521,000 after purchasing an additional 138,215 shares in the last quarter. AQR Capital Management LLC raised its stake in UFP Industries by 22.7% in the 2nd quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock valued at $67,594,000 after purchasing an additional 112,518 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in UFP Industries by 16.1% in the 3rd quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock valued at $77,507,000 after purchasing an additional 81,950 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

About UFP Industries

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.