UFP Industries (NASDAQ:UFPI) Issues Quarterly Earnings Results

UFP Industries (NASDAQ:UFPI - Get Free Report) issued its earnings results on Tuesday. The construction company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.34, Briefing.com reports. UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm posted $1.98 earnings per share. The company's revenue was down 10.1% compared to the same quarter last year.

UFP Industries Stock Performance

UFPI stock traded up $0.30 on Wednesday, hitting $113.00. The company's stock had a trading volume of 277,634 shares, compared to its average volume of 284,001. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 13.80 and a beta of 1.49. The firm has a 50 day moving average of $115.66 and a two-hundred day moving average of $113.67. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. UFP Industries has a 1 year low of $76.89 and a 1 year high of $128.65.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.33 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.17%. UFP Industries's dividend payout ratio (DPR) is presently 16.38%.

Insider Buying and Selling

In related news, CEO Matthew J. Missad sold 5,018 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was 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 $41,437,558.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UFPI. StockNews.com cut UFP Industries from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 4th. Wedbush restated a "neutral" rating and set a $102.00 price objective on shares of UFP Industries in a research report on Thursday, February 22nd. Stifel Nicolaus increased their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Finally, Benchmark cut their price target on shares of UFP Industries from $137.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $113.20.

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.