UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) – Equities researchers at DA Davidson issued their Q2 2022 earnings estimates for UFP Industries in a research report issued to clients and investors on Tuesday, April 26th. DA Davidson analyst K. Yinger expects that the construction company will post earnings per share of $2.36 for the quarter.
UFP Industries (NASDAQ:UFPI – Get Rating) last posted its quarterly earnings results on Thursday, April 21st. The construction company reported $3.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.91 by $1.09. UFP Industries had a net margin of 6.69% and a return on equity of 32.38%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $1.67 EPS. The firm’s revenue was up 36.4% compared to the same quarter last year.
NASDAQ:UFPI opened at $78.90 on Wednesday. The company has a fifty day moving average of $81.36 and a 200 day moving average of $83.57. UFP Industries has a 52 week low of $67.50 and a 52 week high of $94.80. The company has a quick ratio of 1.43, a current ratio of 2.67 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $4.90 billion, a P/E ratio of 7.95 and a beta of 1.50.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This is an increase from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. UFP Industries’s dividend payout ratio is currently 8.06%.
In related news, CEO Matthew J. Missad sold 10,000 shares of the stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $84.37, for a total transaction of $843,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Patrick M. Webster sold 15,815 shares of the firm’s stock in a transaction dated Friday, March 11th. The shares were 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. Insiders sold a total of 33,535 shares of company stock worth $2,839,871 over the last ninety days. Insiders own 3.74% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of UFP Industries by 2.8% in the fourth quarter. BlackRock Inc. now owns 9,600,272 shares of the construction company’s stock valued at $883,322,000 after purchasing an additional 263,179 shares in the last quarter. Franklin Resources Inc. boosted its stake in UFP Industries by 16.6% during the third quarter. Franklin Resources Inc. now owns 1,940,079 shares of the construction company’s stock worth $131,886,000 after buying an additional 275,618 shares during the period. Victory Capital Management Inc. boosted its stake in UFP Industries by 7.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,795,784 shares of the construction company’s stock worth $165,231,000 after buying an additional 127,311 shares during the period. Northern Trust Corp boosted its stake in UFP Industries by 1.3% during the fourth quarter. Northern Trust Corp now owns 986,884 shares of the construction company’s stock worth $90,803,000 after buying an additional 12,947 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in UFP Industries by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 727,548 shares of the construction company’s stock worth $49,459,000 after buying an additional 13,643 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on UFP Industries (UFPI)
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