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

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen lowered UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and set a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $143.00.

UFP Industries Stock Down 0.6%

The stock has a market cap of $5.86 billion, a PE ratio of 14.34 and a beta of 1.54. The firm has a fifty day moving average of $102.18 and a 200 day moving average of $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 posted its earnings results on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.27). The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.61 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. On average, equities research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's dividend payout ratio (DPR) is presently 22.91%.

Hedge Funds Weigh In On UFP Industries

Several large investors have recently bought and sold shares of UFPI. Blue Trust Inc. increased its holdings in UFP Industries by 62.1% in the fourth quarter. Blue Trust Inc. now owns 1,796 shares of the construction company's stock valued at $202,000 after buying an additional 688 shares during the last quarter. Greenleaf Trust acquired a new position in UFP Industries in the fourth quarter valued at $424,000. Meritage Portfolio Management boosted its stake in UFP Industries by 12.4% in the fourth quarter. Meritage Portfolio Management now owns 4,435 shares of the construction company's stock valued at $500,000 after acquiring an additional 489 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in UFP Industries by 5.7% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company's stock valued at $216,000 after acquiring an additional 104 shares in the last quarter. Finally, Vest Financial LLC boosted its stake in UFP Industries by 89.7% in the fourth quarter. Vest Financial LLC now owns 21,588 shares of the construction company's stock valued at $2,432,000 after acquiring an additional 10,206 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

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.