UFP Industries, Inc. (NASDAQ:UFPI) Director William G. Currie Sells 5,700 Shares

UFP Industries, Inc. (NASDAQ:UFPI) Director William G. Currie sold 5,700 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

UFP Industries Stock Down 1.1 %

UFPI stock traded down $1.35 during midday trading on Monday, reaching $125.51. The company had a trading volume of 84,167 shares, compared to its average volume of 275,192. UFP Industries, Inc. has a 1 year low of $107.49 and a 1 year high of $141.33. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $7.62 billion, a P/E ratio of 17.45 and a beta of 1.41. The company has a 50 day moving average of $131.93 and a two-hundred day moving average of $123.96.

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

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 1.05%. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UFPI. UMB Bank n.a. increased its stake in shares of UFP Industries by 300.0% during the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after purchasing an additional 144 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of UFP Industries during the 2nd quarter worth $29,000. Signaturefd LLC increased its stake 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 UFP Industries in the 3rd quarter valued at $70,000. Finally, GAMMA Investing LLC grew its stake in UFP Industries by 25.8% in the 3rd 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. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.