Matthew J. Missad Sells 15,000 Shares of UFP Industries, Inc. (NASDAQ:UFPI) Stock

UFP Industries, Inc. (NASDAQ:UFPI) CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the transaction, the chief executive officer now directly owns 314,450 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $137.53 on Wednesday. The stock has a market capitalization of $8.35 billion, a P/E ratio of 18.92 and a beta of 1.39. The business has a 50-day moving average of $131.16 and a two-hundred day moving average of $122.63. UFP Industries, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $141.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) 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 company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the company earned $2.10 EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, equities research analysts predict that UFP Industries, Inc. will post 6.89 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 0.96%. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of UFP Industries by 300.0% in the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after purchasing an additional 144 shares during the period. Headlands Technologies LLC bought a new position in UFP Industries in the 2nd quarter worth approximately $29,000. Signaturefd LLC increased its position in UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after buying an additional 76 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of UFP Industries during the second quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its stake in shares of UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Benchmark lifted their price objective on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research report on Monday. Wedbush reiterated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. Finally, Stifel Nicolaus increased their price objective on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, UFP Industries currently has a consensus 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.