UFP Industries (NASDAQ:UFPI) Posts Earnings Results, Misses Expectations By $0.04 EPS

UFP Industries (NASDAQ:UFPI - Get Free Report) posted its quarterly earnings data on Monday. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.04), Zacks reports. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion.

UFP Industries Stock Down 1.2 %

Shares of NASDAQ:UFPI traded down $1.29 during trading on Friday, hitting $108.55. 409,269 shares of the company were exchanged, compared to its average volume of 288,099. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 16.03 and a beta of 1.45. UFP Industries has a fifty-two week low of $107.25 and a fifty-two week high of $141.33. The firm has a fifty day moving average price of $115.09 and a two-hundred day moving average price of $123.09. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07.

UFP Industries Increases Dividend

The business 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. The ex-dividend date is Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. UFP Industries's payout ratio is 19.50%.

Insider Buying and Selling

In other news, 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 transaction, the director now directly owns 61,140 shares in the company, valued at $7,739,712.60. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wedbush reissued an "outperform" rating and issued a $155.00 target price on shares of UFP Industries in a research report on Monday, November 4th. Benchmark reiterated a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a report on Wednesday. Finally, StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

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.