UFP Industries (NASDAQ:UFPI) Reaches New 12-Month Low - Here's What Happened

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $95.03 and last traded at $95.68, with a volume of 96576 shares changing hands. The stock had previously closed at $97.21.

Analyst Ratings Changes

A number of research firms have issued reports on UFPI. Benchmark reissued a "buy" rating and set a $135.00 target price on shares of UFP Industries in a research note on Wednesday, February 19th. Wall Street Zen downgraded 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

UFP Industries Stock Down 0.8%

The firm's fifty day moving average is $101.98 and its two-hundred day moving average is $111.39. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 14.27 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25.

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

UFP Industries Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 1.45%. UFP Industries's dividend payout ratio (DPR) is 22.91%.

Institutional Investors Weigh In On UFP Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc raised its position in shares of UFP Industries by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock worth $213,000 after purchasing an additional 97 shares during the period. State of Wyoming increased its stake in UFP Industries by 8.4% in the 1st quarter. State of Wyoming now owns 1,294 shares of the construction company's stock worth $139,000 after purchasing an additional 100 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings 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. raised 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 buying an additional 104 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in UFP Industries by 6.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company's stock valued at $202,000 after buying an additional 105 shares in 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.