UFP Industries, Inc. (NASDAQ:UFPI) Director William G. Currie Sells 5,700 Shares

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the transaction, the director now directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

UFP Industries Price Performance

Shares of UFPI traded down $2.22 during mid-day trading on Monday, reaching $124.64. The company had a trading volume of 254,899 shares, compared to its average volume of 275,933. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The company has a market capitalization of $7.57 billion, a P/E ratio of 17.29 and a beta of 1.41. UFP Industries, Inc. has a twelve month low of $107.49 and a twelve month high of $141.33. The company's 50-day moving average is $131.93 and its 200-day moving average is $123.96.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the business posted $2.10 earnings per share. The firm's revenue was down 9.8% compared to the same quarter last year. On average, equities analysts anticipate that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. UFP Industries's dividend payout ratio is 18.16%.

Institutional Trading of UFP Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in UFP Industries by 72.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,997 shares of the construction company's stock worth $2,128,000 after buying an additional 7,998 shares in the last quarter. Blue Trust Inc. raised its holdings in UFP Industries by 131.4% during the 2nd quarter. Blue Trust Inc. now owns 870 shares of the construction company's stock worth $107,000 after purchasing an additional 494 shares during the last quarter. Raymond James & Associates lifted its position in UFP Industries by 16.2% during the 2nd quarter. Raymond James & Associates now owns 209,085 shares of the construction company's stock valued at $23,417,000 after purchasing an additional 29,221 shares during the period. Summit Global Investments boosted its stake in shares of UFP Industries by 30.5% in the 2nd quarter. Summit Global Investments now owns 25,428 shares of the construction company's stock valued at $2,848,000 after purchasing an additional 5,937 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of UFP Industries by 6.1% during the second quarter. Fifth Third Bancorp now owns 7,440 shares of the construction company's stock worth $833,000 after buying an additional 427 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UFPI. StockNews.com upgraded UFP Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. Wedbush restated an "outperform" rating and issued a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $148.00.

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.