UFP Industries (NASDAQ:UFPI) Hits New 52-Week Low - What's Next?

Key Points

• UFP Industries shares hit a new 52-week low, falling to $90.82, with analysts providing mixed ratings ranging from "strong sell" to "buy."
• The company reported a quarterly earnings miss with EPS of $1.70, falling short of the $1.95 consensus estimate, and year-over-year revenue decreased by 3.5%.
• UFP Industries is currently offering a dividend yield of 1.5% with a quarterly payout of $0.35 per share, reflecting a dividend payout ratio of 24.31%.

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $90.82 and last traded at $91.26, with a volume of 50617 shares changing hands. The stock had previously closed at $92.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on UFPI shares. Loop Capital started coverage on UFP Industries in a report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 target price for the company. Zacks Research downgraded shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of UFP Industries in a research report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, UFP Industries currently has a consensus rating of "Hold" and an average target price of $134.00.

UFP Industries Stock Performance

The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 15.87 and a beta of 1.45. The company has a 50 day moving average price of $99.29 and a 200 day moving average price of $101.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.25). The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The firm's revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 EPS. Equities research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a dividend of $0.35 per share. The ex-dividend date was Friday, August 29th. This represents a $1.40 annualized dividend and a yield of 1.5%. UFP Industries's dividend payout ratio is presently 24.31%.

Institutional Investors Weigh In On UFP Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in UFP Industries by 54.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company's stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of UFP Industries in the first quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd boosted its position in shares of UFP Industries by 39.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock valued at $45,000 after buying an additional 119 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of UFP Industries by 90.9% during the second quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company's stock valued at $54,000 after buying an additional 259 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in UFP Industries by 182.1% during the first quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after buying an additional 366 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

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.

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