UFP Industries (NASDAQ:UFPI) Sets New 12-Month Low – Should You Sell?

UFP Industries, Inc. (NASDAQ:UFPI)’s stock price 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. The stock had previously closed at $109.93.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Stock Performance

The company has a market capitalization of $6.60 billion, a P/E ratio of 14.94 and a beta of 1.45. The business has a 50 day moving average of $124.97 and a 200 day moving average of $123.55. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data 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 firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the company earned $2.10 earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis. On average, sell-side analysts predict that UFP Industries, Inc. will post 6.88 earnings per share for the current year.

UFP Industries Dividend Announcement

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

Insider Activity

In related news, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the sale, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On UFP Industries

A number of large investors have recently bought and sold shares of UFPI. UMB Bank n.a. increased its position in shares of UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after acquiring an additional 144 shares during the period. Headlands Technologies LLC purchased a new position in UFP Industries during the 2nd quarter worth $29,000. Signaturefd LLC increased its holdings in 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 period. Whittier Trust Co. of Nevada Inc. bought a new stake in UFP Industries during the 3rd quarter valued at $70,000. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 132 shares during the period. 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.