UFP Industries (NASDAQ:UFPI – Get Free Report) announced its quarterly earnings data on Tuesday. The construction company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02, Briefing.com reports. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $2.36 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis.
UFP Industries Price Performance
UFPI stock traded down $2.08 during trading on Wednesday, reaching $133.26. 46,252 shares of the company were exchanged, compared to its average volume of 287,174. The company has a 50-day moving average of $116.72 and a two-hundred day moving average of $116.40. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 16.44 and a beta of 1.40. UFP Industries has a twelve month low of $90.62 and a twelve month high of $136.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.79 and a quick ratio of 3.37.
Insider Buying and Selling
In related news, insider David A. Tutas sold 3,038 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $120.21, for a total transaction of $365,197.98. Following the completion of the transaction, the insider now directly owns 21,374 shares in the company, valued at approximately $2,569,368.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Patrick M. Benton sold 11,725 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $115.27, for a total value of $1,351,540.75. Following the sale, the insider now directly owns 97,729 shares of the company’s stock, valued at approximately $11,265,221.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David A. Tutas sold 3,038 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $120.21, for a total transaction of $365,197.98. Following the completion of the sale, the insider now directly owns 21,374 shares in the company, valued at $2,569,368.54. The disclosure for this sale can be found here. Insiders sold a total of 32,687 shares of company stock worth $3,831,653 in the last three months. 2.58% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Research Report on UFPI
UFP Industries Company Profile
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.
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