UFP Industries (NASDAQ:UFPI) Reaches New 52-Week Low – Time to Sell?

UFP Industries, Inc. (NASDAQ:UFPI)’s share price hit a new 52-week low during mid-day trading 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UFPI shares. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. 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.com, UFP Industries has an average rating of “Moderate Buy” and a consensus target price of $148.00.

UFP Industries Price Performance

The firm has a market capitalization of $6.62 billion, a P/E ratio of 15.00 and a beta of 1.45. The stock’s fifty day simple moving average is $124.69 and its 200 day simple moving average is $123.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25.

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

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.21%. UFP Industries’s payout ratio is 18.16%.

Insider Activity at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 directly owns 314,450 shares of the company’s stock, valued at $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the transaction, the director now owns 61,140 shares of the company’s stock, valued at $7,739,712.60. This trade represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by corporate insiders.

Institutional Trading of UFP Industries

Large investors have recently made changes to their positions in the business. Signaturefd LLC lifted its position in 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 purchasing an additional 76 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of UFP Industries by 1.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company’s stock valued at $822,000 after buying an additional 113 shares during the last quarter. 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 valued at $84,000 after buying an additional 132 shares during the period. UMB Bank n.a. boosted its stake in shares of UFP Industries by 300.0% in the third 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 last quarter. Finally, Argent Trust Co grew its holdings in UFP Industries by 3.5% during the second quarter. Argent Trust Co now owns 4,362 shares of the construction company’s stock worth $489,000 after acquiring an additional 148 shares during the period. 81.81% of the stock is owned by hedge funds and other institutional investors.

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.