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Monday, June 5, 2023

Are Things Looking Up For UFP Industries Inc. (NASDAQ: UFPI)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for UFP Industries Inc. (UFPI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.37, or -0.47%, to $79.10. The UFP Industries Inc. has recorded 12,156 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted UFP Industries Announces First Quarter Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Lumber & Wood Production industry segment. At the end of the last regular session, the stock closed at $79.47 and fluctuated between $82.11 as its day high and $78.95 as its day low. The current market capitalization of UFP Industries Inc. is $4.89B. A total of 0.51 million shares were traded on the day, compared to an average of 676.61K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, UFPI has seen 18 BUY and 6 SELL insider trades, representing the acquisition of 197,103 and the disposition of 84,891 shares. Over the last 12 months, there were 48 BUYs and 14 SELLs from insiders. Insiders purchased 205,171 shares during that period but sold 159,707.

In the most recent transaction, MISSAD MATTHEW J sold 10,000 shares of UFPI for 79.03 per share on Mar 16. After the transaction, the Chief Executive Officer now owns 370,545 company shares. In a previous transaction on Mar 09, MISSAD MATTHEW J sold 300 shares at 84.02 per share. UFPI shares that Chief Executive Officer owns now total 380,545.

Among the insiders who sold shares, MISSAD MATTHEW J disposed of 10,000 shares on Mar 08 at a per-share price of $83.90. This resulted in the Chief Executive Officer holding 380,845 shares of UFPI after the transaction. In another insider transaction, Benton Patrick M. sold 13,161 shares at $83.55 per share on Mar 07. Company shares held by the Pres, UFP Construction, LLC now total 123,046.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. UFP Industries Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 1.26%, and it has a price to earnings (P/E) ratio of 7.22. UFPI’s most recent ex-dividend date was 5/31/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 2/28/2023. The UFPI stock dividend was $0.25 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for UFPI in the last 3 months, the mean price target is $103.83 with high estimates of $112.00 and low estimates of $95.00. In terms of 52-week highs and lows, UFPI has a high of $99.40 and a low of $64.12.

As of this writing, UFPI has an earnings estimate of $2.34 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $2.87 per share and a lower estimate of $1.94. The company reported an EPS of $2.1 in the last quarter, which was 14.80% higher than expectations of $1.83.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. UFPI’s latest balance sheet shows that the firm has $323.16M in Cash & Short Term Investments as of fiscal 2021. There were $337.28M in debt and $776.04M in liabilities at the time. Its Book Value Per Share was $42.82, while its Total Shareholder’s Equity was $2.02B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UFPI is Buy with a score of 4.33.

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