Key Points
- Chairman Matthew Missad sold 11,000 shares on Dec. 11 at an average price of $92.26 (≈$1.015M), trimming his stake by 3.42% to 310,533 shares valued around $28.65M.
- UFP reported quarterly EPS of $1.29, missing the $1.37 consensus, and revenue of $1.56B (vs. $1.61B expected), with revenue down 5.4% year‑over‑year.
- The company declared a quarterly dividend of $0.35 per share (ex‑dividend Dec. 1, payable Dec. 15), equal to $1.40 annually and a yield of about 1.5%.
UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) Chairman Matthew Missad sold 11,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $28,649,774.58. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
UFP Industries Stock Down 0.2%
Shares of UFP Industries stock opened at $92.31 on Friday. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 17.06 and a beta of 1.49. The stock has a 50-day simple moving average of $91.26 and a 200-day simple moving average of $96.90. UFP Industries, Inc. has a 52-week low of $87.11 and a 52-week high of $127.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 3.23.
UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.08). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a net margin of 5.00% and a return on equity of 10.18%. UFP Industries's revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS. On average, equities research analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.
UFP Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, December 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. UFP Industries's dividend payout ratio (DPR) is currently 25.88%.
Institutional Trading of UFP Industries
A number of hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its holdings in shares of UFP Industries by 54.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company's stock worth $32,000 after purchasing an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in UFP Industries by 648.3% during the third 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 in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in UFP Industries by 39.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock valued at $45,000 after acquiring an additional 119 shares during the period. Winnow Wealth LLC acquired a new position in UFP Industries in the 3rd quarter valued at approximately $51,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of UFP Industries by 90.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company's stock worth $54,000 after acquiring an additional 259 shares during the period. 81.81% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of UFP Industries in a report on Thursday, October 30th. Stifel Nicolaus set a $98.00 price target on UFP Industries in a research note on Tuesday, December 2nd. DA Davidson raised UFP Industries from a "neutral" rating to a "buy" rating and raised their price objective for the company from $110.00 to $112.00 in a research note on Friday, October 31st. Finally, Zacks Research cut UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $114.25.
Check Out Our Latest Analysis on UFP Industries
UFP Industries Company Profile
(
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.
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