UFP Industries (NASDAQ:UFPI) Hits New 52-Week Low – Time to Sell?

UFP Industries, Inc. (NASDAQ:UFPI)’s stock price reached a new 52-week low on Monday . The stock traded as low as $105.57 and last traded at $106.65, with a volume of 55281 shares trading hands. The stock had previously closed at $108.55.

Analysts Set New Price Targets

A number of analysts recently issued reports on UFPI shares. Wedbush reissued an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and set a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

UFP Industries Stock Performance

The stock’s 50-day moving average price is $114.12 and its 200 day moving average price is $122.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The firm has a market cap of $6.67 billion, a P/E ratio of 16.22 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.04). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. As a group, equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.27%. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio (DPR) is presently 20.68%.

Insiders Place Their Bets

In other UFP Industries news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction on 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 transaction, the director now directly owns 61,140 shares of the company’s stock, valued at $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in shares of UFP Industries by 7.1% in the fourth quarter. FMR LLC now owns 1,751,264 shares of the construction company’s stock valued at $197,280,000 after purchasing an additional 115,687 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in UFP Industries by 39.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company’s stock valued at $174,241,000 after purchasing an additional 435,155 shares during the period. Geode Capital Management LLC increased its position in UFP Industries by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company’s stock worth $200,553,000 after buying an additional 14,857 shares during the period. Franklin Resources Inc. increased its position in UFP Industries by 5.0% during the 4th quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company’s stock worth $145,074,000 after buying an additional 61,861 shares during the period. Finally, Northern Trust Corp boosted its position in shares of UFP Industries by 9.7% in the fourth quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company’s stock valued at $125,171,000 after acquiring an additional 98,533 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

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.