UFP Industries, Inc. (NASDAQ:UFPI) Director Sells $1,941,719.36 in Stock

UFP Industries, Inc. (NASDAQ:UFPI) Director Bruce A. Merino sold 16,472 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $117.88, for a total value of $1,941,719.36. Following the transaction, the director now owns 7,107 shares of the company’s stock, valued at approximately $837,773.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

UFP Industries Trading Up 0.2 %

UFPI traded up $0.23 during trading on Thursday, reaching $119.01. 315,602 shares of the company’s stock were exchanged, compared to its average volume of 285,473. The company’s fifty day moving average price is $116.20 and its 200-day moving average price is $114.34. The firm has a market capitalization of $7.32 billion, a PE ratio of 14.77 and a beta of 1.47. UFP Industries, Inc. has a fifty-two week low of $77.47 and a fifty-two week high of $128.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.37 and a current ratio of 4.79.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.98 earnings per share. As a group, equities analysts forecast that UFP Industries, Inc. will post 7.37 EPS for the current year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.32 annualized dividend and a yield of 1.11%. UFP Industries’s dividend payout ratio is presently 16.42%.

Wall Street Analyst Weigh In

Several analysts have weighed in on UFPI shares. StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Benchmark cut their price target on UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Stifel Nicolaus raised their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Wedbush reaffirmed a “neutral” rating and set a $102.00 price target on shares of UFP Industries in a research note on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and an average price target of $113.20.

Institutional Investors Weigh In On UFP Industries

Several large investors have recently modified their holdings of UFPI. Commonwealth Equity Services LLC raised its holdings in shares of UFP Industries by 14.8% in the third quarter. Commonwealth Equity Services LLC now owns 12,042 shares of the construction company’s stock valued at $1,233,000 after purchasing an additional 1,554 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of UFP Industries by 1.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,251 shares of the construction company’s stock worth $1,664,000 after purchasing an additional 234 shares during the last quarter. Raymond James & Associates raised its stake in UFP Industries by 59.6% in the third quarter. Raymond James & Associates now owns 80,677 shares of the construction company’s stock valued at $8,261,000 after buying an additional 30,142 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in UFP Industries by 48.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,814 shares of the construction company’s stock valued at $595,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of UFP Industries by 13.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,520 shares of the construction company’s stock worth $1,282,000 after buying an additional 1,511 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

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.