UFP Industries Shares Plunge 3.08% to November 2023 Low

UFP Industries (UFPI) shares fell 3.08% today, marking the second consecutive day of decline, with a total drop of 5.14% over the past two days. The stock price hit its lowest level since November 2023, experiencing an intraday decline of 4.42%.

UFP Industries has demonstrated strong earnings per share (EPS) growth over the past five years, with a compound annual growth rate of 18%. This growth rate is closely aligned with the company's average annual share price increase of 22%, indicating that the stock price has been tracking the company's EPS growth effectively.

In addition to EPS growth, UFP Industries has achieved a total shareholder return (TSR) of 185% over the last five years. This TSR exceeds the share price return, largely due to the company's dividend payments. This suggests that dividends have played a significant role in enhancing shareholder returns, making UFP Industries an attractive option for income-focused investors.

Despite the company's strong long-term performance, UFP Industries' shareholders have experienced a 9.6% decline in share price for the year, which is worse than the broader market decline of 2.0%. This recent decline could be attributed to broader market jitters and might present an opportunity for investors, given the company's longer-term positive performance. Investors may view this as a buying opportunity, considering the company's robust EPS growth and dividend payments.