Key Points
- Director Michael Wooldridge sold 1,192 shares on Nov. 26 at an average price of $93.43 for about $111,369, trimming his stake by 7.5% to 14,697 shares valued at roughly $1.37M.
- UFP missed quarterly estimates, reporting $1.29 EPS vs. $1.37 expected and revenue of $1.56B (down 5.4% year-over-year), signaling softer recent performance.
- The company declared a quarterly dividend of $0.35 per share (1.5% yield), with an ex-dividend date of Dec. 1 and payment on Dec. 15.
UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) Director Michael Wooldridge sold 1,192 shares of the business's stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $93.43, for a total transaction of $111,368.56. Following the transaction, the director directly owned 14,697 shares in the company, valued at $1,373,140.71. This trade represents a 7.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
UFP Industries Stock Performance
NASDAQ UFPI opened at $92.46 on Tuesday. The company's fifty day moving average is $91.57 and its two-hundred day moving average is $97.38. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 17.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. UFP Industries, Inc. has a 52-week low of $87.11 and a 52-week high of $136.16.
UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly 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 10.16%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $1.64 EPS. The company's revenue was down 5.4% on a year-over-year basis. Equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.
UFP Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, December 1st. UFP Industries's payout ratio is 25.88%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its stake in shares of UFP Industries by 54.8% during the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company's stock worth $32,000 after buying an additional 114 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in UFP Industries by 39.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock valued at $45,000 after buying an additional 119 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of UFP Industries by 648.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company's stock worth $41,000 after buying an additional 376 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of UFP Industries by 90.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company's stock worth $54,000 after buying an additional 259 shares during the period. Finally, Winnow Wealth LLC acquired a new stake in shares of UFP Industries in the 3rd quarter valued at approximately $51,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on UFPI. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of UFP Industries in a report on Thursday, October 30th. Zacks Research downgraded shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday, November 18th. Stifel Nicolaus set a $95.00 price target on shares of UFP Industries and gave the company a "hold" rating in a report on Wednesday, October 8th. Finally, DA Davidson raised shares of UFP Industries from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $110.00 to $112.00 in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, UFP Industries currently has a consensus rating of "Hold" and an average target price of $113.50.
Read Our Latest Report on UFP Industries
About UFP Industries
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
