David A. Tutas Sells 3,038 Shares of UFP Industries, Inc. (NASDAQ:UFPI) Stock

UFP Industries, Inc. (NASDAQ:UFPIGet Free Report) insider David A. Tutas sold 3,038 shares of UFP Industries stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $120.21, for a total value of $365,197.98. Following the completion of the sale, the insider now owns 21,374 shares in the company, valued at $2,569,368.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

UFP Industries Trading Up 2.2 %

UFPI opened at $124.00 on Thursday. UFP Industries, Inc. has a one year low of $77.47 and a one year high of $128.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.37 and a current ratio of 4.79. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 15.42 and a beta of 1.47. The stock’s 50 day moving average price is $116.75 and its 200-day moving average price is $115.24.

UFP Industries (NASDAQ:UFPIGet Free Report) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.71 billion. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 EPS. On average, equities analysts forecast that UFP Industries, Inc. will post 7.47 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. UFP Industries’s dividend payout ratio is currently 16.42%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UFPI. StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Wedbush reiterated a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a research note on Thursday, February 22nd. Benchmark cut their target price on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus increased their price target on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.20.

Get Our Latest Stock Analysis on UFPI

Institutional Investors Weigh In On UFP Industries

Institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new stake in shares of UFP Industries in the 4th quarter worth $27,000. GAMMA Investing LLC acquired a new stake in UFP Industries in the fourth quarter worth about $30,000. Rise Advisors LLC purchased a new stake in shares of UFP Industries during the first quarter worth about $33,000. Opal Wealth Advisors LLC acquired a new position in shares of UFP Industries during the first quarter valued at about $33,000. Finally, SRS Capital Advisors Inc. raised its position in shares of UFP Industries by 218.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock valued at $36,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

About UFP Industries

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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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Insider Buying and Selling by Quarter for UFP Industries (NASDAQ:UFPI)

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