UFP Industries (NASDAQ:UFPI) Posts Earnings Results, Misses Expectations By $0.04 EPS

UFP Industries (NASDAQ:UFPI) issued its earnings results on Monday. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.04), Zacks reports. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion.

UFP Industries Stock Performance

NASDAQ UFPI traded down $1.88 during trading hours on Wednesday, hitting $112.58. The company had a trading volume of 70,833 shares, compared to its average volume of 278,058. The company has a market cap of $6.84 billion, a PE ratio of 15.49 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. UFP Industries has a 1-year low of $107.25 and a 1-year high of $141.33. The business has a 50 day moving average of $115.84 and a 200-day moving average of $123.25.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.24%. UFP Industries’s payout ratio is 18.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a report on Wednesday. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, UFP Industries has an average rating of “Moderate Buy” and a consensus price target of $143.00.

Insider Buying and Selling

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the transaction, the director now owns 61,140 shares in the company, valued at approximately $7,739,712.60. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by company insiders.

About UFP Industries

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.