UFP Industries (NASDAQ:UFPI) Sets New 1-Year Low - Here's Why

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $93.00 and last traded at $99.08, with a volume of 15373 shares traded. The stock had previously closed at $99.24.

UFP Industries Stock Performance

The firm's 50-day moving average price is $99.71 and its two-hundred day moving average price is $107.90. The company has a quick ratio of 3.44, a current ratio of 4.96 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $6.01 billion, a PE ratio of 16.26 and a beta of 1.49.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted 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 firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.61 billion. UFP Industries had a return on equity of 11.78% and a net margin of 5.64%. The company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 earnings per share. As a group, research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.41%. The ex-dividend date was Monday, June 2nd. UFP Industries's payout ratio is 22.91%.

Institutional Investors Weigh In On UFP Industries

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of UFP Industries by 22,107.5% in the 1st quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock valued at $17,186,000 after purchasing an additional 159,837 shares during the period. Park Avenue Securities LLC grew its position in 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 purchasing an additional 136 shares in the last quarter. CIBC Asset Management Inc increased its stake in UFP Industries by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock valued at $213,000 after buying an additional 97 shares during the period. Gotham Asset Management LLC lifted its position in UFP Industries by 28.1% in the 4th quarter. Gotham Asset Management LLC now owns 2,664 shares of the construction company's stock worth $300,000 after buying an additional 584 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of UFP Industries during the 1st quarter valued at $538,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

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.

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