UFP Industries (NASDAQ:UFPI) Hits New 1-Year Low - Time to Sell?

Key Points

• UFP Industries shares fell to a new 52-week low of $74.55, trading below both their 50-day and 200-day moving averages. The stock has a market capitalization of approximately $4.14 billion and a P/E ratio of 17.22.
• Analyst sentiment is broadly cautious: three analysts rate UFPI a Buy and four rate it Hold, producing an overall “Hold” rating and an average price target of $104.50.
• The company’s latest quarterly results exceeded expectations, with EPS of $1.48 versus the $1.37 consensus and revenue of $1.88 billion. UFP also pays a quarterly dividend of $0.36 per share, equivalent to a 1.9% yield.

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) shares reached a new 52-week low on Thursday. The stock traded as low as $74.55 and last traded at $75.8020, with a volume of 18419 shares traded. The stock had previously closed at $76.44.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UFPI shares. Weiss Ratings upgraded shares of UFP Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Oppenheimer initiated coverage on UFP Industries in a report on Wednesday, September 30th. They issued a "market perform" rating on the stock. Zacks Research upgraded UFP Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, July 31st. Finally, Stifel Nicolaus set a $90.00 price target on UFP Industries and gave the company a "hold" rating in a report on Monday, August 24th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, UFP Industries presently has an average rating of "Hold" and an average target price of $104.50.

UFP Industries Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 2.64. The firm has a 50-day moving average of $84.59 and a 200-day moving average of $86.34. The stock has a market cap of $4.14 billion, a PE ratio of 17.22 and a beta of 1.22.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%.The company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.79 billion. Research analysts predict that UFP Industries, Inc. will post 4.47 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. UFP Industries's dividend payout ratio (DPR) is presently 33.03%.

Hedge Funds Weigh In On UFP Industries

A number of hedge funds and other institutional investors have recently modified their holdings of UFPI. Root Financial Partners LLC grew its stake in shares of UFP Industries by 86.0% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the construction company's stock worth $29,000 after purchasing an additional 148 shares during the period. World Investment Advisors raised its position in shares of UFP Industries by 5.8% in the first quarter. World Investment Advisors now owns 3,171 shares of the construction company's stock worth $292,000 after acquiring an additional 175 shares during the period. Cetera Investment Advisers boosted its stake in shares of UFP Industries by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 5,593 shares of the construction company's stock worth $515,000 after acquiring an additional 194 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of UFP Industries by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 14,000 shares of the construction company's stock valued at $1,290,000 after purchasing an additional 200 shares in the last quarter. Finally, IAG Wealth Partners LLC purchased a new position in UFP Industries during the first quarter worth approximately $28,000. Institutional investors own 81.81% of the company's stock.

About UFP Industries

UFP Industries, Inc is a manufacturer and supplier of wood, composite and other products serving the retail, industrial and construction markets. The company's offerings include outdoor living products such as decking, fencing, landscaping and garden products, as well as structural and component products used in residential and commercial construction.

UFP Industries also provides pallets, crates, specialty wood packaging and other custom products for industrial customers. Its construction-related operations supply components for manufactured housing, residential construction, commercial building and recreational vehicles.

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