UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) – DA Davidson upped their Q1 2022 earnings estimates for UFP Industries in a research note issued to investors on Thursday, April 14th. DA Davidson analyst K. Yinger now anticipates that the construction company will earn $2.00 per share for the quarter, up from their previous forecast of $1.85.
UFP Industries (NASDAQ:UFPI – Get Rating) last released its earnings results on Wednesday, February 16th. The construction company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.94. UFP Industries had a net margin of 6.20% and a return on equity of 28.94%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business earned $1.02 EPS. UFP Industries’s revenue for the quarter was up 44.7% on a year-over-year basis.
UFPI opened at $73.24 on Friday. UFP Industries has a 12-month low of $67.50 and a 12-month high of $94.80. The company has a current ratio of 2.67, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $4.55 billion, a PE ratio of 8.53 and a beta of 1.50. The firm has a 50 day moving average of $81.53 and a two-hundred day moving average of $83.10.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.09%. This is a positive change from UFP Industries’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, February 28th. UFP Industries’s payout ratio is 9.31%.
In related news, CEO Matthew J. Missad sold 300 shares of UFP Industries stock in a transaction on Friday, March 4th. The shares were sold at an average price of $85.01, for a total value of $25,503.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Patrick M. Webster sold 15,815 shares of UFP Industries stock in a transaction on Friday, March 11th. The stock was sold at an average price of $85.36, for a total transaction of $1,349,968.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,535 shares of company stock valued at $2,839,871. Insiders own 3.74% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. boosted its stake in UFP Industries by 90.1% during the 4th quarter. First Horizon Advisors Inc. now owns 308 shares of the construction company’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Baystate Wealth Management LLC acquired a new stake in UFP Industries during the 4th quarter worth $32,000. Ellevest Inc. acquired a new stake in UFP Industries during the 4th quarter worth $32,000. Quadrant Capital Group LLC boosted its stake in UFP Industries by 143.4% during the 4th quarter. Quadrant Capital Group LLC now owns 477 shares of the construction company’s stock worth $44,000 after purchasing an additional 281 shares during the last quarter. Finally, Clearstead Advisors LLC acquired a new stake in UFP Industries during the 3rd quarter worth $43,000. 81.66% of the stock is currently owned by institutional investors.
UFP Industries Company Profile (Get Rating)
UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.
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