<div id="readability-page-1"><p><strong>UFP Industries, Inc.</strong> (NASDAQ:UFPI - Get Free Report) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, March 2nd will be given 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 is Monday, March 2nd. This is a 2.9% increase from UFP Industries's previous quarterly dividend of $0.35.</p><ul><li>These 3 Wood Stocks are about to go on Discount</li></ul><p>UFP Industries has raised its dividend by an average of 0.3%annually over the last three years and has increased 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. Research 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%. </p><div><p><span></span><span>Get <strong>UFP Industries</strong> alerts:</span></p></div><h2>UFP Industries Stock Down 2.0%</h2><p>Shares of UFPI stock traded down $2.13 during trading hours on Friday, hitting $102.91. 389,481 shares of the company were exchanged, compared to its average volume of 359,233. UFP Industries has a 52 week low of $87.11 and a 52 week high of $118.00. The company has a current ratio of 4.59, a quick ratio of 3.23 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $103.81 and a two-hundred day moving average of $97.85. The company has a market capitalization of $5.82 billion, a PE ratio of 20.62 and a beta of 1.49. </p><p>UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its earnings results on Monday, February 23rd. The construction company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company posted $1.12 earnings per share. UFP Industries's revenue for the quarter was down 9.0% on a year-over-year basis.  Analysts anticipate that  UFP Industries will post 7.08 earnings per share for the current fiscal year. </p><h2>Insider Activity</h2><p>In other news, Chairman Matthew J. Missad sold 11,000 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $92.26, for a total transaction of $1,014,860.00. Following the transaction, the chairman directly owned 310,533 shares of the company's stock, valued at approximately $28,649,774.58. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. 2.56% of the stock is currently owned by insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of  UFP Industries by 3.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,197 shares of the construction company's stock valued at $291,000 after acquiring an additional 92 shares during the period.  Arkadios Wealth Advisors increased its holdings in  UFP Industries by 2.1% during the 4th quarter. Arkadios Wealth Advisors now owns 4,648 shares of the construction company's stock valued at $423,000 after purchasing an additional 97 shares during the period.  F m Investments LLC raised its position in  UFP Industries by 0.5% during the 2nd quarter. F m Investments LLC now owns 22,459 shares of the construction company's stock valued at $2,232,000 after purchasing an additional 112 shares during the last quarter.  Geneos Wealth Management Inc. lifted its holdings in  UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company's stock worth $32,000 after buying an additional 114 shares during the period.  Finally, SkyView Investment Advisors LLC grew its position in shares of  UFP Industries by 1.3% in the 4th quarter. SkyView Investment Advisors LLC now owns 9,133 shares of the construction company's stock worth $832,000 after buying an additional 114 shares during the last quarter. 81.81% of the stock is owned by institutional investors. </p><h2>About UFP Industries</h2> (Get Free Report)<p>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.  </p><p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than UFP Industries</li><li>3 Signs You May Want to Switch Financial Advisors</li><li>1,500 Banks Just Handed the Fed Your Bank Account</li><li>Unlocked: Elon Musk’s Next Big IPO</li><li>Your name isn't on our protected list yet</li><li>The Man Who Predicted the iPhone Says Buy These 3 Companies</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VUZQSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VUZQSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in UFP Industries Right Now?</h2><p>Before you consider UFP Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UFP Industries wasn't on the list.</p><p>While UFP Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

UFPI

<p>UFP Industries, Inc. (NASDAQ:UFPI) has announced a quarterly dividend increase to $0.36 per share, up 2.9% from the previous $0.35. Stockholders of record on March 2nd will receive the dividend on March 16th, representing an annualized yield of 1.4%. The company has consistently raised its dividend over the past five years, with a payout ratio of 21.1%. Despite a recent earnings miss, analysts expect UFP to maintain its dividend coverage with projected earnings of $7.87 per share next year.</p>

UFP Industries, Inc. (NASDAQ:UFPI) Raises Dividend to $0.36 Per Share