UFP Industries (NASDAQ:UFPI) Director Michael Wooldridge Sells 1,192 Shares

UFP Industries, Inc. (NASDAQ:UFPI) Director Michael Wooldridge sold 1,192 shares of UFP Industries stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $93.43, for a total transaction of $111,368.56. Following the sale, the director directly owned 14,697 shares of the company’s stock, valued at $1,373,140.71. This represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

UFP Industries Price Performance

UFPI traded down $0.52 during trading on Monday, reaching $92.47. The stock had a trading volume of 355,891 shares, compared to its average volume of 422,987. The business has a 50-day moving average of $91.63 and a 200-day moving average of $97.44. UFP Industries, Inc. has a one year low of $87.11 and a one year high of $136.16. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. The stock has a market cap of $5.39 billion, a PE ratio of 17.11 and a beta of 1.43.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a return on equity of 10.16% and a net margin of 5.00%.UFP Industries’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. As a group, equities research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. UFP Industries’s dividend payout ratio (DPR) is 25.88%.

Institutional Trading of UFP Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of UFP Industries by 1.6% in the first quarter. LPL Financial LLC now owns 16,678 shares of the construction company’s stock worth $1,785,000 after acquiring an additional 268 shares during the period. Mackenzie Financial Corp increased its holdings in shares of UFP Industries by 15.3% in the 1st quarter. Mackenzie Financial Corp now owns 9,412 shares of the construction company’s stock worth $1,007,000 after buying an additional 1,250 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of UFP Industries during the 1st quarter valued at about $603,000. Natixis Advisors LLC lifted its holdings in shares of UFP Industries by 28.3% in the 1st quarter. Natixis Advisors LLC now owns 20,650 shares of the construction company’s stock valued at $2,210,000 after acquiring an additional 4,561 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in UFP Industries in the first quarter worth about $1,051,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UFPI shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of UFP Industries in a report on Thursday, October 30th. DA Davidson raised shares of UFP Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $112.00 in a research note on Friday, October 31st. Stifel Nicolaus set a $95.00 price target on UFP Industries and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $113.50.

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.