Matthew J. Missad Sells 10,000 Shares of UFP Industries, Inc. (NASDAQ:UFPI) Stock

UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) CEO Matthew J. Missad sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $83.90, for a total transaction of $839,000.00. Following the transaction, the chief executive officer now owns 380,845 shares in the company, valued at approximately $31,952,895.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

UFP Industries Stock Down 4.7 %

NASDAQ:UFPI opened at $79.15 on Friday. UFP Industries, Inc. has a twelve month low of $64.13 and a twelve month high of $99.40. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 7.20 and a beta of 1.50. The stock has a fifty day simple moving average of $87.78 and a 200-day simple moving average of $80.35. The company has a current ratio of 3.70, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11.

UFP Industries (NASDAQ:UFPI – Get Rating) last posted its earnings results on Tuesday, February 21st. The construction company reported $2.10 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm earned $2.19 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Analysts anticipate that UFP Industries, Inc. will post 7.61 EPS for the current year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, February 28th. UFP Industries’s dividend payout ratio (DPR) is 9.10%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UFPI. Rockefeller Capital Management L.P. raised its stake in shares of UFP Industries by 3.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 24,241 shares of the construction company’s stock worth $1,921,000 after buying an additional 699 shares during the period. Voya Investment Management LLC increased its position in shares of UFP Industries by 12.9% during the fourth quarter. Voya Investment Management LLC now owns 28,683 shares of the construction company’s stock worth $2,273,000 after purchasing an additional 3,288 shares in the last quarter. Truist Financial Corp increased its position in shares of UFP Industries by 85.9% during the fourth quarter. Truist Financial Corp now owns 8,490 shares of the construction company’s stock worth $673,000 after purchasing an additional 3,922 shares in the last quarter. State of Wyoming increased its position in shares of UFP Industries by 331.6% during the fourth quarter. State of Wyoming now owns 3,828 shares of the construction company’s stock worth $303,000 after purchasing an additional 2,941 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of UFP Industries by 29.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 33,681 shares of the construction company’s stock worth $2,669,000 after purchasing an additional 7,623 shares in the last quarter. 81.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UFPI shares. Benchmark increased their price objective on shares of UFP Industries from $85.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 22nd.

About UFP Industries

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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.