UFP Industries, Inc. (NASDAQ:UFPI) Short Interest Update

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 1,070,000 shares, a decline of 25.7% from the April 30th total of 1,440,000 shares. Based on an average daily volume of 521,200 shares, the short-interest ratio is presently 2.1 days. Approximately 1.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On UFP Industries

Institutional investors have recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new position in shares of UFP Industries during the fourth quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in UFP Industries during the 1st quarter valued at about $36,000. Caitong International Asset Management Co. Ltd raised its position in UFP Industries by 39.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock valued at $45,000 after purchasing an additional 119 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after buying an additional 505 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock worth $60,000 after buying an additional 415 shares during the period. Hedge funds and other institutional investors own 81.81% of the company's stock.

Analyst Upgrades and Downgrades

UFPI has been the topic of several recent research reports. Benchmark reiterated a "buy" rating and set a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. Wall Street Zen cut shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

UFP Industries Trading Up 0.4%

Shares of NASDAQ UFPI traded up $0.35 during midday trading on Thursday, reaching $97.41. The company had a trading volume of 377,651 shares, compared to its average volume of 352,046. The stock has a market cap of $5.88 billion, a PE ratio of 14.39 and a beta of 1.54. UFP Industries has a one year low of $94.68 and a one year high of $141.33. The firm's fifty day moving average price is $102.18 and its 200-day moving average price is $111.61. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.27). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.96 EPS. On average, equities research analysts anticipate that UFP Industries will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.44%. UFP Industries's dividend payout ratio is currently 22.91%.

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.