UFP Industries (NASDAQ:UFPI) Given New $133.00 Price Target at Benchmark

UFP Industries (NASDAQ:UFPI) had its price target cut by Benchmark from $137.00 to $133.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

UFPI has been the topic of a number of other research reports. Wedbush restated a neutral rating and issued a $102.00 target price on shares of UFP Industries in a research note on Thursday, February 22nd. Stifel Nicolaus upped their price objective on UFP Industries from $115.00 to $125.00 and gave the company a buy rating in a research note on Wednesday, February 21st. Finally, StockNews.com lowered UFP Industries from a strong-buy rating to a buy rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $113.20.

UFP Industries Trading Up 1.0 %

NASDAQ:UFPI opened at $116.65 on Wednesday. UFP Industries has a 12 month low of $77.47 and a 12 month high of $128.65. The business’s 50-day moving average is $115.80 and its two-hundred day moving average is $113.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.79 and a quick ratio of 3.12. The firm has a market capitalization of $7.18 billion, a PE ratio of 14.51 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.34. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.71 billion. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 EPS. Research analysts predict that UFP Industries will post 7.4 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, May 31st. UFP Industries’s dividend payout ratio is presently 16.42%.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total transaction of $572,302.90. Following the transaction, the chief executive officer now owns 363,328 shares of the company’s stock, valued at approximately $41,437,558.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in UFP Industries during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC bought a new stake in shares of UFP Industries during the 4th quarter worth $30,000. Rise Advisors LLC bought a new stake in shares of UFP Industries during the 1st quarter worth $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of UFP Industries during the first quarter worth $33,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of UFP Industries by 218.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock valued at $36,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

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.