UFP Industries (NASDAQ:UFPI) Reaches New 52-Week Low - Should You Sell?

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $94.60 and last traded at $95.49, with a volume of 11098 shares. The stock had previously closed at $94.93.

UFP Industries Stock Up 1.3%

The firm has a 50-day moving average of $100.04 and a 200 day moving average of $108.57. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 15.77 and a beta of 1.49. The company has a current ratio of 4.96, a quick ratio of 3.44 and a debt-to-equity ratio of 0.07.

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 (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.27). UFP Industries had a return on equity of 11.78% and a net margin of 5.64%. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. UFP Industries's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.35 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 1.45%. UFP Industries's dividend payout ratio is presently 22.91%.

Institutional Investors Weigh In On UFP Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in UFP Industries by 22,107.5% during the 1st quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock worth $17,186,000 after purchasing an additional 159,837 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of UFP Industries by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock worth $213,000 after acquiring 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 valued at $300,000 after purchasing an additional 584 shares during the last quarter. Park Avenue Securities LLC boosted its stake in UFP Industries by 6.5% during the 1st 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 during the period. Finally, Charles Schwab Investment Management Inc. grew its position in UFP Industries by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company's stock worth $86,966,000 after purchasing an additional 2,160 shares during the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

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.