ICA Group Wealth Management LLC Takes $94,000 Position in UFP Industries, Inc. (NASDAQ:UFPI)

ICA Group Wealth Management LLC bought a new position in UFP Industries, Inc. (NASDAQ:UFPI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 750 shares of the construction company’s stock, valued at approximately $94,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Advisors Network LLC purchased a new position in shares of UFP Industries in the fourth quarter worth about $444,000. Cim LLC purchased a new position in UFP Industries during the 4th quarter worth approximately $241,000. Argent Capital Management LLC lifted its stake in UFP Industries by 12.5% during the 4th quarter. Argent Capital Management LLC now owns 4,508 shares of the construction company’s stock valued at $566,000 after acquiring an additional 500 shares during the period. Wasatch Advisors LP boosted its holdings in shares of UFP Industries by 5.2% in the 4th quarter. Wasatch Advisors LP now owns 334,351 shares of the construction company’s stock valued at $41,978,000 after acquiring an additional 16,486 shares during the last quarter. Finally, Kolinsky Wealth Management LLC purchased a new stake in shares of UFP Industries in the 4th quarter valued at $369,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UFPI. Benchmark decreased their target price on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wedbush restated a “neutral” rating and issued a $102.00 target price on shares of UFP Industries in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their price target on UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.50.

Insider Buying and Selling at UFP Industries

In other news, insider David A. Tutas sold 3,038 shares of the business’s stock in a transaction dated 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 owns 21,374 shares of the company’s stock, valued at $2,569,368.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other UFP Industries news, Director Bruce A. Merino sold 16,472 shares of UFP Industries stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $117.88, for a total transaction of $1,941,719.36. Following the sale, the director now owns 7,107 shares of the company’s stock, valued at approximately $837,773.16. The sale was disclosed in a 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 stock was sold at an average price of $120.21, for a total transaction of $365,197.98. Following the sale, the insider now directly owns 21,374 shares of the company’s stock, valued at approximately $2,569,368.54. The disclosure for this sale can be found here. Insiders have sold a total of 32,687 shares of company stock valued at $3,831,653 over the last ninety days. Corporate insiders own 2.58% of the company’s stock.

UFP Industries Price Performance

NASDAQ:UFPI opened at $115.21 on Tuesday. The stock has a market capitalization of $7.11 billion, a PE ratio of 14.33 and a beta of 1.45. UFP Industries, Inc. has a 52 week low of $88.69 and a 52 week high of $128.65. The company has a quick ratio of 3.37, a current ratio of 4.79 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $116.44 and its 200-day moving average price is $117.17.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.62 by $0.34. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $1.98 earnings per share. UFP Industries’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts expect that UFP Industries, Inc. will post 7.53 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Monday, June 3rd. UFP Industries’s dividend payout ratio is presently 16.42%.

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.