UFP Industries, Inc. (NASDAQ:UFPI) Director William G. Currie Sells 5,700 Shares of Stock

UFP Industries, Inc. (NASDAQ:UFPI) 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 completion of the sale, the director now owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

UFP Industries Trading Down 1.7 %

UFP Industries stock opened at $124.64 on Tuesday. UFP Industries, Inc. has a 1 year low of $107.49 and a 1 year high of $141.33. The firm’s 50-day moving average is $131.83 and its 200-day moving average is $124.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The company has a market cap of $7.57 billion, a P/E ratio of 17.14 and a beta of 1.41.

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

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.33 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. UFP Industries’s dividend payout ratio is currently 18.16%.

Wall Street Analysts Forecast Growth

UFPI has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a report on Monday, November 4th. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Institutional Investors Weigh In On UFP Industries

Several large investors have recently added to or reduced their stakes in UFPI. Signaturefd LLC grew its position in shares of UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in UFP Industries by 0.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company’s stock valued at $1,630,000 after purchasing an additional 105 shares during the period. Kingsview Wealth Management LLC grew its position in UFP Industries by 1.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company’s stock worth $822,000 after purchasing an additional 113 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of UFP Industries by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company’s stock valued at $866,000 after purchasing an additional 130 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of UFP Industries by 25.8% during the third 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 last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

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.