UFP Industries, Inc. (NASDAQ:UFPI) Short Interest Update

UFP Industries, Inc. (NASDAQ:UFPI) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 646,400 shares, a decline of 18.1% from the May 15th total of 789,700 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 274,900 shares, the short-interest ratio is currently 2.4 days.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, Director Bruce A. Merino sold 16,472 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $117.88, for a total value of $1,941,719.36. Following the completion of the sale, the director now directly owns 7,107 shares of the company’s stock, valued at approximately $837,773.16. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Bruce A. Merino sold 16,472 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $117.88, for a total value of $1,941,719.36. Following the completion of the sale, the director now owns 7,107 shares of the company’s stock, valued at approximately $837,773.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael R. Cole sold 1,452 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $119.28, for a total transaction of $173,194.56. Following the completion of the sale, the chief financial officer now directly owns 165,155 shares of the company’s stock, valued at approximately $19,699,688.40. The disclosure for this sale can be found here. Insiders sold a total of 32,687 shares of company stock valued at $3,831,653 in the last three months. Company insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. NewEdge Wealth LLC acquired a new position in UFP Industries during the 4th quarter valued at approximately $3,046,000. AdvisorShares Investments LLC acquired a new position in UFP Industries during the 4th quarter valued at approximately $509,000. American Century Companies Inc. increased its stake in UFP Industries by 42.2% during the 3rd quarter. American Century Companies Inc. now owns 252,270 shares of the construction company’s stock valued at $25,832,000 after purchasing an additional 74,852 shares in the last quarter. Van ECK Associates Corp increased its stake in UFP Industries by 42.8% during the 3rd quarter. Van ECK Associates Corp now owns 14,167 shares of the construction company’s stock valued at $1,451,000 after purchasing an additional 4,246 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in UFP Industries by 257.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 17,438 shares of the construction company’s stock valued at $1,786,000 after purchasing an additional 12,553 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Trading Down 1.7 %

NASDAQ UFPI opened at $114.47 on Monday. The company has a quick ratio of 3.37, a current ratio of 4.79 and a debt-to-equity ratio of 0.07. The firm has a market cap of $7.07 billion, a PE ratio of 14.24 and a beta of 1.45. The company has a 50 day moving average price of $116.52 and a 200 day moving average price of $117.13. UFP Industries has a 52 week low of $87.13 and a 52 week high of $128.65.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.62 by $0.34. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business posted $1.98 EPS. UFP Industries’s revenue was down 10.1% on a year-over-year basis. As a group, sell-side analysts forecast that UFP Industries will post 7.53 EPS for the current fiscal year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 1.15%. UFP Industries’s payout ratio is 16.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UFPI shares. Benchmark lowered their price target on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Wedbush reiterated a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a research note on Thursday, February 22nd. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.50.

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.