UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) COO Allen T. Peters sold 5,605 shares of the company in a trade on Monday, April 25. The stock was sold at an average price of $80.00, for a total value of $448,400.00. Following the completion of the transaction, the COO now directly owns 164,524 shares of the company, valued at $13,161,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

UFP Industries stock was down $0.59 in Wednesday’s session, hitting $78.31. The company’s shares had a trading volume of 4,027 shares, compared to an average volume of 332,986. The stock has a market capitalization of $4.86 billion, a price-earnings ratio of 7.95 and a beta of 1.50. The stock’s fifty-day moving average is $81.36 and its 200-day moving average is $83.57. UFP Industries, Inc. has a 1-year low of $67.50 and a 1-year high of $94.80. The company has a debt ratio of 0.14, a quick ratio of 1.43 and a current ratio of 2.67.

UFP Industries (NASDAQ:UFPI – Get Rating) last released its results on Thursday, April 21. The construction company reported EPS of $3.00 for the quarter, beating Thomson Reuters consensus estimate of $1.91 from $1.09. The company posted revenue of $2.49 billion in the quarter, versus analyst estimates of $2.06 billion. UFP Industries posted a return on equity of 32.38% and a net margin of 6.69%. The company’s quarterly revenue increased by 36.4% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $1.67. On average, research analysts expect UFP Industries, Inc. to post an EPS of 8.27 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Investors of record on Wednesday, June 1 will receive a dividend of $0.25. This is a positive change from UFP Industries’ previous quarterly dividend of $0.20. This represents an annualized dividend of $1.00 and a yield of 1.28%. The ex-dividend date is Tuesday, May 31. UFP Industries’ payout ratio is currently 8.06%.

Major investors have recently changed their positions in the company. Quadrant Capital Group LLC increased its stake in UFP Industries by 143.4% during the fourth quarter. Quadrant Capital Group LLC now owns 477 shares of the construction company worth $44,000 after acquiring 281 additional shares in the last quarter. Captrust Financial Advisors increased its stake in UFP Industries by 9.3% during the third quarter. Captrust Financial Advisors now owns 3,409 shares of the construction company worth $232,000 after acquiring 289 additional shares in the last quarter. Van ECK Associates Corp increased its position in UFP Industries shares by 15.6% in the fourth quarter. Van ECK Associates Corp now owns 1,501 shares of the construction company worth $138,000 after buying 203 additional shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in UFP Industries stock in the fourth quarter for approximately $21,102,000. Finally, Arizona State Retirement System increased its position in UFP Industries shares by 1.3% in the third quarter. Arizona State Retirement System now owns 16,844 shares of the construction company worth $1,145,000 after purchasing 212 additional shares during the period. Institutional investors hold 81.66% of the company’s shares.

A number of stock analysts have weighed in on UFPI shares recently. DA Davidson raised its price target on UFP Industries from $93.00 to $105.00 in a report on Monday. BMO Capital Markets raised its price target on UFP Industries from $82.00 to $88.00 and gave the stock a “market performance” rating in a report on Tuesday. Wedbush raised its price target on UFP Industries from $85.00 to $92.00 in a Thursday, February 17 report. Finally, StockNews.com upgraded UFP Industries from a “buy” rating to a “hold” rating in a Tuesday report. Two investment analysts gave the stock a hold rating, two gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $92.83.

About UFP Industries (Get a rating)

UFP Industries, Inc, through its subsidiaries, designs, manufactures and markets wood and wood-based products in North America, Europe, Asia and Australia. It operates through the retail, industrial and construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and composite wood decking and related accessories, decorative lawn, garden, craft and hobby products.

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