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

Shares of UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $101.02 and last traded at $101.55, with a volume of 536 shares changing hands. The stock had previously closed at $104.34.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UFPI shares. Benchmark reissued a "buy" rating and issued a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, UFP Industries has an average rating of "Moderate Buy" and a consensus target price of $143.00.

UFP Industries Stock Performance

The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The firm's fifty day moving average price is $109.60 and its 200-day moving average price is $120.03. The company has a market cap of $6.55 billion, a P/E ratio of 16.10 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.43 billion. As a group, research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

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UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.35 dividend. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, March 3rd. UFP Industries's dividend payout ratio is currently 20.68%.

Hedge Funds Weigh In On UFP Industries

Several institutional investors have recently added to or reduced their stakes in UFPI. Norges Bank acquired a new stake in shares of UFP Industries during the fourth quarter worth approximately $83,149,000. Thrivent Financial for Lutherans increased its holdings in UFP Industries by 3,820.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company's stock valued at $63,212,000 after purchasing an additional 546,830 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in UFP Industries by 39.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock valued at $174,241,000 after purchasing an additional 435,155 shares during the last quarter. Boston Partners boosted its stake in UFP Industries by 100.8% in the fourth quarter. Boston Partners now owns 672,231 shares of the construction company's stock worth $75,736,000 after purchasing an additional 337,463 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of UFP Industries during the fourth quarter worth $30,457,000. 81.81% of the stock is 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.