UFP Industries (NASDAQ:UFPI) Sets New 1-Year Low - Time to Sell?

Key Points

• UFP Industries' shares reached a new **52-week low** of **$92.92**, indicating a potential sell-off interest among investors.
• The company's **quarterly earnings** report showed an EPS of **$1.70**, missing estimates by **$0.25**, and revenue declined by **3.5%** year-over-year.
• Despite recent challenges, UFP Industries announced a **quarterly dividend** of **$0.35 per share**, reflecting a **1.5% dividend yield** and a low payout ratio of **24.31%**.

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $92.92 and last traded at $93.14, with a volume of 89249 shares trading hands. The stock had previously closed at $94.44.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Loop Capital assumed coverage on shares of UFP Industries in a research note on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price target on the stock. Zacks Research lowered UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $134.00.

UFP Industries Stock Performance

The stock has a 50 day moving average of $100.95 and a two-hundred day moving average of $102.03. The stock has a market capitalization of $5.46 billion, a PE ratio of 16.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16.

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

UFP Industries Announces Dividend

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

Institutional Investors Weigh In On UFP Industries

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in shares of 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 buying an additional 114 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of UFP Industries in the 1st quarter worth about $36,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of UFP Industries by 39.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock valued at $45,000 after purchasing an additional 119 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of UFP Industries by 90.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company's stock worth $54,000 after purchasing an additional 259 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in UFP Industries during the 2nd quarter worth approximately $59,000. 81.81% of the stock is owned by institutional investors and hedge funds.

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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