UFP Industries (NASDAQ:UFPI) Hits New 52-Week Low – Time to Sell?

UFP Industries, Inc. (NASDAQ:UFPI) shares reached a new 52-week low on Friday . The stock traded as low as $101.02 and last traded at $101.55, with a volume of 536 shares changing hands. The stock had previously closed at $104.34.

Analysts Set New Price Targets

UFPI has been the topic of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The business’s fifty day moving average price is $110.50 and its 200-day moving average price is $120.64. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.72 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. On average, research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.35 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.32%. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio is 20.68%.

Hedge Funds Weigh In On UFP Industries

Large investors have recently bought and sold shares of the stock. Putney Financial Group LLC bought a new stake in shares of UFP Industries in the 4th quarter worth $30,000. Smartleaf Asset Management LLC boosted its holdings in UFP Industries by 1,683.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after purchasing an additional 505 shares during the last quarter. Jones Financial Companies Lllp grew its position in UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after purchasing an additional 415 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in UFP Industries in the 4th quarter valued at about $61,000. Finally, Principal Securities Inc. lifted its position in shares of UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after buying an additional 175 shares in the last quarter. 81.81% of the stock is currently owned by 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.