Insider Selling: UFP Industries, Inc. (NASDAQ:UFPI) Director Sells 5,700 Shares of Stock

UFP Industries, Inc. (NASDAQ:UFPI) Director William G. Currie sold 5,700 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were 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 directly owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

UFP Industries Stock Down 5.3 %

UFPI stock opened at $115.61 on Thursday. The company has a market cap of $7.02 billion, a PE ratio of 15.90 and a beta of 1.41. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $141.33. The business has a 50-day simple moving average of $131.14 and a 200 day simple moving average of $123.96.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The firm had revenue of $1.65 billion for 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 last year, the company posted $2.10 EPS. Sell-side analysts anticipate that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Monday, December 2nd. UFP Industries’s dividend payout ratio is presently 18.16%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On UFP Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its position in shares of UFP Industries by 13.4% during the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after buying an additional 193,891 shares during the last quarter. Franklin Resources Inc. raised its stake in UFP Industries by 18.2% during the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after acquiring an additional 188,969 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of UFP Industries by 216.3% in the third quarter. Assenagon Asset Management S.A. now owns 202,124 shares of the construction company’s stock worth $26,521,000 after acquiring an additional 138,215 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of UFP Industries by 22.7% in the 2nd quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock valued at $67,594,000 after purchasing an additional 112,518 shares in the last quarter. Finally, Wasatch Advisors LP grew its holdings in shares of UFP Industries by 16.1% during the 3rd quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock valued at $77,507,000 after purchasing an additional 81,950 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

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.