William G. Currie Sells 5,700 Shares of UFP Industries, Inc. (NASDAQ:UFPI) Stock

UFP Industries, Inc. (NASDAQ:UFPI) Director William G. Currie sold 5,700 shares of the 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 of the company’s stock, valued at $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

UFP Industries Stock Down 2.1 %

UFPI opened at $122.04 on Wednesday. UFP Industries, Inc. has a twelve month low of $107.49 and a twelve month high of $141.33. The company’s 50-day moving average price is $131.83 and its two-hundred day moving average price is $124.00. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 16.79 and a beta of 1.41. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the company posted $2.10 EPS. UFP Industries’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, equities analysts expect that UFP Industries, Inc. will post 6.88 earnings per share for the current year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.08%. The ex-dividend date was Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is currently 18.16%.

Institutional Investors Weigh In On UFP Industries

Several institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its stake in shares of UFP Industries by 233.2% in the second quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company’s stock worth $729,000 after purchasing an additional 4,595 shares in the last quarter. Raymond James & Associates boosted its holdings in UFP Industries by 16.2% in the 2nd quarter. Raymond James & Associates now owns 209,085 shares of the construction company’s stock worth $23,417,000 after buying an additional 29,221 shares during the period. Citigroup Inc. grew its stake in UFP Industries by 50.7% in the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock valued at $15,670,000 after buying an additional 40,162 shares in the last quarter. Blue Trust Inc. raised its holdings in UFP Industries by 131.4% during the 2nd quarter. Blue Trust Inc. now owns 870 shares of the construction company’s stock valued at $107,000 after acquiring an additional 494 shares during the period. Finally, Harfst & Associates Inc. lifted its position in shares of UFP Industries by 2.8% during the second quarter. Harfst & Associates Inc. now owns 22,848 shares of the construction company’s stock worth $2,559,000 after acquiring an additional 627 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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