UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) Director William G. Currie sold 5,700 shares of the company's stock in a transaction dated Friday, December 13th. The stock was 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 directly owns 61,140 shares of the company's stock, valued at $7,739,712.60. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
UFP Industries Stock Performance
NASDAQ:UFPI opened at $124.64 on Tuesday. 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 50-day moving average of $131.83 and a 200-day moving average of $124.00. UFP Industries, Inc. has a twelve month low of $107.49 and a twelve month high of $141.33. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 17.14 and a beta of 1.41.
UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the firm posted $2.10 EPS. The company's quarterly revenue was down 9.8% compared to the same quarter last year. Analysts forecast that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.
UFP Industries Announces Dividend
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The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is presently 18.16%.
Hedge Funds Weigh In On UFP Industries
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. raised its holdings in 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 buying an additional 144 shares during the period. Headlands Technologies LLC purchased a new position in shares of UFP Industries in the second quarter worth approximately $29,000. Signaturefd LLC raised its holdings in shares of UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company's stock valued at $41,000 after acquiring an additional 76 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of UFP Industries in the 3rd quarter valued at approximately $70,000. Finally, GAMMA Investing LLC boosted 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 worth $84,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 81.81% of the company's stock.
Analyst Upgrades and Downgrades
UFPI has been the subject of several recent analyst reports. StockNews.com upgraded shares of 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 price target on shares of UFP Industries in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $148.00.
Check Out Our Latest Analysis on UFPI
UFP Industries Company Profile
(
Get Free Report)
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.
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