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

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $97.59 and last traded at $100.27, with a volume of 897627 shares. The stock had previously closed at $106.58.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UFPI. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark reissued a "buy" rating and set a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $143.00.

UFP Industries Trading Up 2.0 %

The stock has a market capitalization of $6.20 billion, a P/E ratio of 15.06 and a beta of 1.54. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $106.06 and a two-hundred day moving average price of $116.59.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The company's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.96 earnings per share. On average, analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's dividend payout ratio is presently 22.91%.

Institutional Trading of UFP Industries

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its position in UFP Industries by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock valued at $213,000 after purchasing an additional 97 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its position in UFP Industries by 5.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company's stock worth $216,000 after buying an additional 104 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in UFP Industries by 2.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company's stock worth $494,000 after acquiring an additional 104 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in UFP Industries by 6.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company's stock valued at $202,000 after acquiring an additional 105 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of UFP Industries by 6.5% during the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock valued at $238,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

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.