UFP Industries (NASDAQ:UFPI) Chairman Matthew Missad Sells 11,000 Shares

UFP Industries, Inc. (NASDAQ:UFPI) Chairman Matthew Missad sold 11,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $92.26, for a total value of $1,014,860.00. Following the completion of the transaction, the chairman directly owned 310,533 shares of the company’s stock, valued at approximately $28,649,774.58. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $92.31 on Friday. The stock has a market cap of $5.38 billion, a P/E ratio of 17.06 and a beta of 1.49. The firm’s 50-day simple moving average is $91.26 and its 200 day simple moving average is $96.90. UFP Industries, Inc. has a fifty-two week low of $87.11 and a fifty-two week high of $127.76. The company has a quick ratio of 3.23, a current ratio of 4.49 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.08). UFP Industries had a net margin of 5.00% and a return on equity of 10.18%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the business posted $1.64 EPS. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. Equities analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued 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 yield of 1.5%. UFP Industries’s payout ratio is presently 25.88%.

Hedge Funds Weigh In On UFP Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of UFP Industries by 17.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company’s stock worth $401,550,000 after buying an additional 568,741 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of UFP Industries by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company’s stock valued at $205,237,000 after acquiring an additional 25,903 shares in the last quarter. Boston Partners lifted its position in shares of UFP Industries by 2.2% in the 3rd quarter. Boston Partners now owns 1,887,460 shares of the construction company’s stock valued at $176,449,000 after acquiring an additional 39,957 shares in the last quarter. Geode Capital Management LLC boosted its stake in UFP Industries by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,594,161 shares of the construction company’s stock worth $158,413,000 after purchasing an additional 37,534 shares during the period. Finally, Wasatch Advisors LP grew its position in UFP Industries by 5.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,408,538 shares of the construction company’s stock worth $139,952,000 after purchasing an additional 67,849 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on UFPI. DA Davidson upgraded UFP Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $112.00 in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of UFP Industries in a report on Thursday, October 30th. Stifel Nicolaus set a $98.00 target price on UFP Industries in a research note on Tuesday, December 2nd. Finally, Zacks Research lowered UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $114.25.

UFP Industries Company Profile

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.