UFP Industries, Inc. (NASDAQ:UFPI) CEO Sells $790,300.00 in Stock

UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) CEO Matthew J. Missad sold 10,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $79.03, for a total value of $790,300.00. Following the completion of the transaction, the chief executive officer now owns 370,545 shares of the company’s stock, valued at approximately $29,284,171.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

UFP Industries Stock Performance

Shares of UFPI opened at $77.34 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.70 and a quick ratio of 2.11. UFP Industries, Inc. has a one year low of $64.13 and a one year high of $99.40. The firm has a market capitalization of $4.77 billion, a P/E ratio of 7.04 and a beta of 1.50. The business has a fifty day moving average of $87.57 and a 200 day moving average of $80.14.

UFP Industries (NASDAQ:UFPI – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The construction company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.73 by $0.37. UFP Industries had a return on equity of 28.83% and a net margin of 7.20%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the company posted $2.19 earnings per share. UFP Industries’s revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that UFP Industries, Inc. will post 7.61 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.29%. The ex-dividend date was Tuesday, February 28th. UFP Industries’s dividend payout ratio is presently 9.10%.

Analysts Set New Price Targets

Several research firms have recently weighed in on UFPI. StockNews.com began coverage on UFP Industries in a research note on Thursday. They issued a “buy” rating for the company. Benchmark boosted their price target on UFP Industries from $85.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd.

Institutional Trading of UFP Industries

Several hedge funds have recently bought and sold shares of UFPI. American Century Companies Inc. grew its holdings in UFP Industries by 13.3% during the first quarter. American Century Companies Inc. now owns 12,877 shares of the construction company’s stock valued at $994,000 after purchasing an additional 1,513 shares during the period. Citigroup Inc. grew its holdings in UFP Industries by 4.7% during the first quarter. Citigroup Inc. now owns 64,448 shares of the construction company’s stock valued at $4,972,000 after purchasing an additional 2,886 shares during the period. PNC Financial Services Group Inc. grew its holdings in UFP Industries by 9.2% during the first quarter. PNC Financial Services Group Inc. now owns 9,374 shares of the construction company’s stock valued at $722,000 after purchasing an additional 792 shares during the period. Bank of Montreal Can boosted its stake in shares of UFP Industries by 2.1% in the first quarter. Bank of Montreal Can now owns 17,664 shares of the construction company’s stock worth $1,445,000 after acquiring an additional 366 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of UFP Industries by 54.6% in the first quarter. MetLife Investment Management LLC now owns 32,217 shares of the construction company’s stock worth $2,486,000 after acquiring an additional 11,377 shares during the period. Institutional investors own 81.69% of the company’s stock.

UFP Industries Company Profile

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UFP Industries, Inc manufactures and distributes wood and wood alternative products. It operates through the following segments: Retail, Industrial and Construction. The Retail segment comprises national home center retailers, retail-oriented regional lumberyards and contractor-oriented lumberyards. The Industrial segment manufacturers pallets, specialty crates, wooden boxes, and other containers used for packaging, shipping and material handling purposes.