Insider Selling: UFP Industries, Inc. (NASDAQ:UFPI) CEO Sells 15,000 Shares of Stock

UFP Industries, Inc. (NASDAQ:UFPI) CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the transaction, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UFP Industries Stock Performance

Shares of UFP Industries stock opened at $139.02 on Tuesday. The business has a 50-day simple moving average of $131.16 and a 200-day simple moving average of $122.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $141.33. The company has a market cap of $8.44 billion, a PE ratio of 19.12 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the firm earned $2.10 EPS. The company’s revenue was down 9.8% on a year-over-year basis. On average, equities research analysts forecast that UFP Industries, Inc. will post 6.89 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

Wall Street Analysts Forecast Growth

UFPI has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. BMO Capital Markets increased their target price on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Benchmark lifted their target price on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their price target on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UFP Industries currently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UFPI. UMB Bank n.a. lifted its stake in UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after purchasing an additional 144 shares during the last quarter. Headlands Technologies LLC acquired a new stake in UFP Industries during the second quarter worth approximately $29,000. Signaturefd LLC raised its holdings in UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after purchasing an additional 76 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of UFP Industries during the 2nd quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its position in shares of UFP Industries by 84.2% in the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after buying an additional 234 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

About UFP Industries

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.