UFP Industries, Inc. (UFPI) To Go Ex-Dividend on December 2nd

UFP Industries, Inc. (NASDAQ:UFPI) announced a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.33 per share by the construction company on Monday, December 16th. This represents a $1.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Monday, December 2nd.

UFP Industries has raised its dividend payment by an average of 30.1% per year over the last three years. UFP Industries has a payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Analysts expect UFP Industries to earn $7.42 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 17.8%.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $135.90 on Friday. UFP Industries has a 52-week low of $107.49 and a 52-week high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The firm has a market capitalization of $8.25 billion, a PE ratio of 18.69 and a beta of 1.39. The stock has a 50-day simple moving average of $131.57 and a two-hundred day simple moving average of $122.94.

UFP Industries (NASDAQ:UFPI) last posted its quarterly 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). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the company earned $2.10 earnings per share. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. Analysts forecast that UFP Industries will post 6.88 EPS for the current year.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the sale, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UFPI. StockNews.com lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and an average price target of $148.00.

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.