UFP Industries (NASDAQ:UFPI) Sets New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

UFPI has been the subject of a number of research reports. Benchmark restated a “buy” rating and issued a $135.00 target price on shares of UFP Industries in a research note on Wednesday, February 19th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. Finally, StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

UFP Industries Stock Performance

The firm has a market cap of $6.46 billion, a P/E ratio of 15.74 and a beta of 1.45. The stock’s 50-day moving average is $114.73 and its 200 day moving average is $123.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88.

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

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.35 per share. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Monday, March 3rd. UFP Industries’s dividend payout ratio is 20.68%.

Insider Activity

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the firm’s 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 $7,739,712.60. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.58% of the company’s stock.

Institutional Trading of UFP Industries

A number of hedge funds have recently modified their holdings of UFPI. Signaturefd LLC lifted its position in 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. CIBC Asset Management Inc lifted its holdings in UFP Industries by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock worth $213,000 after purchasing an additional 97 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in UFP Industries by 5.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock valued at $216,000 after purchasing an additional 104 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in UFP Industries by 2.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company’s stock valued at $494,000 after buying an additional 104 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in UFP Industries by 6.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company’s stock worth $202,000 after buying an additional 105 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.