UFP Industries, Inc. (NASDAQ:UFPI) CEO Sells $1,965,450.00 in 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 value of $1,965,450.00. Following the completion of the sale, the chief executive officer now owns 314,450 shares of the company’s stock, valued at $41,202,383.50. The trade was a 4.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

UFP Industries Price Performance

UFPI opened at $135.26 on Thursday. The stock has a fifty day simple moving average of $131.39 and a two-hundred day simple moving average of $122.77. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 18.61 and a beta of 1.39. UFP Industries, Inc. has a 12-month low of $107.49 and a 12-month high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data 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). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. UFP Industries’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.10 EPS. Research analysts predict that UFP Industries, Inc. will post 6.89 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, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.98%. UFP Industries’s dividend payout ratio is currently 18.16%.

Institutional Investors Weigh In On UFP Industries

Institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its stake in shares of UFP Industries by 299.5% in the second quarter. Harbor Capital Advisors Inc. now owns 6,132 shares of the construction company’s stock worth $687,000 after acquiring an additional 4,597 shares during the last quarter. Hsbc Holdings PLC grew 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 acquiring an additional 4,595 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of UFP Industries by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company’s stock worth $90,857,000 after acquiring an additional 5,784 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of UFP Industries by 0.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company’s stock worth $4,762,000 after acquiring an additional 137 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of UFP Industries by 16.2% in the second quarter. Raymond James & Associates now owns 209,085 shares of the construction company’s stock worth $23,417,000 after acquiring an additional 29,221 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a report on Monday. Benchmark upped their target price on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their target price on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. Finally, Stifel Nicolaus upped their target price on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently 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.