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

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report)'s share price reached a new 52-week low during mid-day 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 Down 0.1%

The company has a debt-to-equity ratio of 0.07, a current ratio of 4.96 and a quick ratio of 3.44. The company has a market capitalization of $6.03 billion, a PE ratio of 16.33 and a beta of 1.49. The business's 50 day simple moving average is $99.51 and its 200 day simple moving average is $107.28.

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

UFP Industries Dividend Announcement

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

Institutional Investors Weigh In On UFP Industries

A number of institutional investors have recently made changes to their positions in UFPI. Putney Financial Group LLC purchased a new position in shares of UFP Industries during the 4th quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of UFP Industries during the first quarter worth $36,000. Caitong International Asset Management Co. Ltd grew its stake in shares of UFP Industries by 39.9% in 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 in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after buying an additional 415 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after acquiring an additional 505 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

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.