Matthew J. Missad Sells 15,000 Shares of UFP Industries, Inc. (NASDAQ:UFPI) Stock

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) CEO Matthew J. Missad sold 15,000 shares of UFP Industries stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $131.03, for a total value of $1,965,450.00. Following the completion of the transaction, the chief executive officer now directly owns 314,450 shares of the company's stock, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

UFP Industries Price Performance

UFP Industries stock traded up $5.95 during mid-day trading on Monday, hitting $139.02. The stock had a trading volume of 368,182 shares, compared to its average volume of 279,416. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $141.33. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $8.44 billion, a P/E ratio of 19.12 and a beta of 1.39. The firm's 50 day moving average is $131.16 and its 200 day moving average is $122.63.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.65 billion during 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 earned $2.10 EPS. On average, sell-side analysts forecast that UFP Industries, Inc. will post 6.89 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is currently 18.16%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UFPI shares. Benchmark increased their price objective on shares of UFP Industries from $133.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price target on UFP Industries from $115.00 to $125.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. Wedbush reiterated an "outperform" rating and issued a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. Finally, Stifel Nicolaus raised their price objective on shares of UFP Industries from $125.00 to $157.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $148.00.

Hedge Funds Weigh In On UFP Industries

Several hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company's stock valued at $214,604,000 after acquiring an additional 193,891 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of UFP Industries by 216.3% during the third quarter. Assenagon Asset Management S.A. now owns 202,124 shares of the construction company's stock valued at $26,521,000 after purchasing an additional 138,215 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of UFP Industries by 22.7% in the second quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company's stock worth $67,594,000 after purchasing an additional 112,518 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of UFP Industries by 16.1% in the third quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company's stock worth $77,507,000 after buying an additional 81,950 shares in the last quarter. Finally, Barclays PLC boosted its stake in UFP Industries by 109.0% during the third quarter. Barclays PLC now owns 135,996 shares of the construction company's stock valued at $17,844,000 after buying an additional 70,927 shares during the last quarter. Hedge funds and other institutional investors 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.