UFP Industries (NASDAQ:UFPI) Hits New 1-Year Low – Time to Sell?

Shares of UFP Industries, Inc. (NASDAQ:UFPI) hit a new 52-week low on Thursday. The stock traded as low as $74.55 and last traded at $75.8020, with a volume of 18419 shares traded. The stock had previously closed at $76.44.

Analyst Ratings Changes

A number of research firms recently issued reports on UFPI. Oppenheimer started coverage on shares of UFP Industries in a research note on Wednesday, September 30th. They issued a “market perform” rating on the stock. Stifel Nicolaus set a $90.00 price objective on shares of UFP Industries and gave the stock a “hold” rating in a research report on Monday, August 24th. Weiss Ratings raised shares of UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.50.

UFP Industries Trading Down 1.9%

The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 17.22 and a beta of 1.22. The company has a fifty day moving average price of $84.59 and a two-hundred day moving average price of $86.34. The company has a current ratio of 3.98, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%.The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.79 billion. As a group, research analysts forecast that UFP Industries, Inc. will post 4.47 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. UFP Industries’s dividend payout ratio (DPR) is 33.03%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in UFP Industries in the second quarter valued at $688,063,000. Wasatch Advisors LP lifted its stake in shares of UFP Industries by 32.9% in the 1st quarter. Wasatch Advisors LP now owns 2,037,908 shares of the construction company’s stock valued at $187,732,000 after purchasing an additional 504,609 shares during the last quarter. River Road Asset Management LLC grew its holdings in shares of UFP Industries by 64.1% during the 4th quarter. River Road Asset Management LLC now owns 879,935 shares of the construction company’s stock worth $80,118,000 after purchasing an additional 343,830 shares during the period. Deprince Race & Zollo Inc. grew its holdings in shares of UFP Industries by 27.1% during the 1st quarter. Deprince Race & Zollo Inc. now owns 579,797 shares of the construction company’s stock worth $53,411,000 after purchasing an additional 123,500 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of UFP Industries during the 2nd quarter worth about $34,067,000. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Company Profile

UFP Industries, Inc is a manufacturer and supplier of wood, composite and other products serving the retail, industrial and construction markets. The company’s offerings include outdoor living products such as decking, fencing, landscaping and garden products, as well as structural and component products used in residential and commercial construction.

UFP Industries also provides pallets, crates, specialty wood packaging and other custom products for industrial customers. Its construction-related operations supply components for manufactured housing, residential construction, commercial building and recreational vehicles.