UFP Industries (NASDAQ:UFPI) Hits New 12-Month Low - Here's Why

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $107.25 and last traded at $108.75, with a volume of 88981 shares traded. The stock had previously closed at $109.93.

Wall Street Analyst Weigh In

UFPI has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com upgraded UFP Industries from a "hold" rating to a "buy" rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.00.

UFP Industries Trading Down 0.8 %

The firm has a market capitalization of $6.62 billion, a PE ratio of 15.00 and a beta of 1.45. The firm has a 50 day simple moving average of $124.97 and a 200 day simple moving average of $123.55. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results 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 analysts' expectations of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. UFP Industries's quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the firm posted $2.10 EPS. Equities analysts expect that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is presently 18.16%.

Insider Buying and Selling at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the sale, the chief executive officer now owns 314,450 shares of the company's stock, valued at $41,202,383.50. This represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William G. Currie sold 5,700 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 61,140 shares of the company's stock, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.58% of the company's stock.

Institutional Trading of UFP Industries

Several institutional investors and hedge funds have recently modified their holdings of UFPI. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of UFP Industries by 0.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company's stock valued at $361,155,000 after acquiring an additional 28,601 shares in the last quarter. FMR LLC lifted 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 worth $214,604,000 after purchasing an additional 193,891 shares in the last quarter. Geode Capital Management LLC boosted its stake in UFP Industries by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company's stock worth $200,553,000 after purchasing an additional 14,857 shares during the period. Franklin Resources Inc. grew its holdings in UFP Industries by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock valued at $169,675,000 after buying an additional 188,969 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of UFP Industries by 3.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company's stock valued at $116,467,000 after buying an additional 32,555 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

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.