UFP Industries (NASDAQ:UFPI) Reaches New 12-Month Low - Should You Sell?

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $104.93 and last traded at $105.16, with a volume of 552993 shares traded. The stock had previously closed at $106.65.

Analyst Upgrades and Downgrades

UFPI has been the subject of several analyst reports. Benchmark reaffirmed a "buy" rating and set a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $143.00.

UFP Industries Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The stock's 50 day moving average price is $113.08 and its 200 day moving average price is $122.31. The company has a market capitalization of $6.62 billion, a P/E ratio of 16.12 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. As a group, equities analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

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UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.28%. This is a boost from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's dividend payout ratio (DPR) is currently 20.68%.

Insiders Place Their Bets

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 shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. This trade represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UFP Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Putney Financial Group LLC acquired a new position in UFP Industries during the 4th quarter worth approximately $30,000. Mackenzie Financial Corp increased its holdings in shares of UFP Industries by 109.4% during the fourth quarter. Mackenzie Financial Corp now owns 8,162 shares of the construction company's stock valued at $919,000 after acquiring an additional 4,265 shares in the last quarter. Forum Financial Management LP raised its position in shares of UFP Industries by 19.5% during the fourth quarter. Forum Financial Management LP now owns 2,857 shares of the construction company's stock worth $322,000 after purchasing an additional 467 shares during the period. GTS Securities LLC bought a new position in shares of UFP Industries in the 4th quarter worth $303,000. Finally, Palisades Investment Partners LLC lifted its holdings in shares of UFP Industries by 9.3% in the 4th quarter. Palisades Investment Partners LLC now owns 22,827 shares of the construction company's stock worth $2,571,000 after purchasing an additional 1,948 shares in the last quarter. Institutional investors own 81.81% of the company's stock.

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.