UFP Industries, Inc. (UFPI) to Issue Quarterly Dividend of $0.36 on March 16th

UFP Industries, Inc. (NASDAQ:UFPI) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.36 per share by the construction company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 2.9% increase from UFP Industries’s previous quarterly dividend of $0.35.

UFP Industries has raised its dividend by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 5 years. UFP Industries has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect UFP Industries to earn $7.87 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 18.3%.

UFP Industries Price Performance

Shares of UFP Industries stock traded down $2.13 on Friday, reaching $102.91. 389,481 shares of the stock were exchanged, compared to its average volume of 359,233. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.23 and a current ratio of 4.59. The firm has a market cap of $5.82 billion, a PE ratio of 20.62 and a beta of 1.49. The firm’s 50 day moving average is $103.81 and its 200-day moving average is $97.85. UFP Industries has a one year low of $87.11 and a one year high of $118.00.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.33). UFP Industries had a net margin of 4.66% and a return on equity of 9.27%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the business earned $1.12 earnings per share. The business’s revenue was down 9.0% compared to the same quarter last year. As a group, analysts anticipate that UFP Industries will post 7.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on UFPI shares. Stifel Nicolaus set a $98.00 price target on UFP Industries in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of UFP Industries in a research report on Tuesday, January 27th. DA Davidson reissued a “buy” rating and set a $112.00 target price on shares of UFP Industries in a research note on Tuesday. Finally, Zacks Research upgraded shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.33.

UFP Industries Company Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.