Insider Selling: UFP Industries, Inc. (NASDAQ:UFPI) CEO Sells $418,000.00 in Stock

UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) CEO Matthew J. Missad sold 5,000 shares of UFP Industries stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $83.60, for a total value of $418,000.00. Following the sale, the chief executive officer now directly owns 365,545 shares of the company’s stock, valued at approximately $30,559,562. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $82.66 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.46 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $79.35 and a 200-day simple moving average of $82.10. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 8.29 and a beta of 1.48. UFP Industries, Inc. has a 1-year low of $64.13 and a 1-year high of $99.40.

UFP Industries (NASDAQ:UFPI – Get Rating) last released its earnings results on Tuesday, May 2nd. The construction company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.33. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. UFP Industries had a net margin of 7.02% and a return on equity of 24.92%. The business’s revenue was down 26.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.00 EPS. On average, sell-side analysts expect that UFP Industries, Inc. will post 8.25 earnings per share for the current year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 31st. This represents a $1.00 annualized dividend and a yield of 1.21%. UFP Industries’s payout ratio is 10.03%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on UFP Industries from $95.00 to $100.00 in a report on Tuesday, May 16th. Stifel Nicolaus dropped their price target on shares of UFP Industries from $102.00 to $100.00 in a research note on Wednesday, May 3rd. DA Davidson lifted their price objective on shares of UFP Industries from $102.00 to $112.00 in a research note on Wednesday, May 3rd. Benchmark increased their target price on shares of UFP Industries from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Finally, StockNews.com started coverage on UFP Industries in a research report on Thursday. They issued a “buy” rating for the company.

Institutional Trading of UFP Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its position in shares of UFP Industries by 683.3% in the first quarter. Global Retirement Partners LLC now owns 329 shares of the construction company’s stock valued at $27,000 after acquiring an additional 287 shares during the period. TCI Wealth Advisors Inc. raised its stake in UFP Industries by 87.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 497 shares of the construction company’s stock valued at $36,000 after purchasing an additional 232 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in UFP Industries in the 4th quarter valued at $59,000. Ronald Blue Trust Inc. grew its position in UFP Industries by 100.5% in the 4th quarter. Ronald Blue Trust Inc. now owns 848 shares of the construction company’s stock worth $61,000 after purchasing an additional 425 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of UFP Industries during the 1st quarter worth about $62,000. Institutional investors and hedge funds own 81.69% of the company’s stock.

UFP Industries Company Profile

(Get Rating)

UFP Industries, Inc engages in the supply of products primarily manufactured from wood, wood and non-wood composites, and other materials to retail, packaging, and construction markets. It operates through the following segments: Retail Solutions, Packaging, and Construction. The Retail Solutions segment sells treated lumber products, wood plastic composite, mineral based composite decking and related decking accessories, exterior sliding, pattern, trim, and facia products.