3,534 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Integrated Advisors Network LLC

Integrated Advisors Network LLC purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,534 shares of the construction company’s stock, valued at approximately $444,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in UFP Industries by 716.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,561,285 shares of the construction company’s stock worth $159,876,000 after buying an additional 1,370,105 shares during the last quarter. Northern Trust Corp grew its stake in shares of UFP Industries by 0.9% during the third quarter. Northern Trust Corp now owns 1,111,025 shares of the construction company’s stock valued at $113,769,000 after purchasing an additional 10,326 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of UFP Industries by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 753,559 shares of the construction company’s stock valued at $94,609,000 after purchasing an additional 4,300 shares during the last quarter. Norges Bank bought a new stake in shares of UFP Industries during the fourth quarter valued at approximately $86,885,000. Finally, AQR Capital Management LLC grew its stake in shares of UFP Industries by 93.0% during the third quarter. AQR Capital Management LLC now owns 679,139 shares of the construction company’s stock valued at $69,544,000 after purchasing an additional 327,220 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UFPI shares. Stifel Nicolaus raised their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Benchmark reduced their price objective on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Wedbush reaffirmed a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a research note on Thursday, February 22nd. Finally, StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.50.

UFP Industries Trading Down 0.2 %

Shares of NASDAQ:UFPI opened at $115.02 on Wednesday. UFP Industries, Inc. has a 12 month low of $88.69 and a 12 month 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 company’s fifty day simple moving average is $116.35 and its 200 day simple moving average is $117.19. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 14.31 and a beta of 1.45.

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

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.33 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.32 annualized dividend and a yield of 1.15%. UFP Industries’s payout ratio is currently 16.42%.

Insider Buying and Selling at UFP Industries

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 value of $1,941,719.36. Following the sale, the director now directly owns 7,107 shares in the company, valued at approximately $837,773.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Bruce A. Merino sold 16,472 shares of UFP Industries stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $117.88, for a total value of $1,941,719.36. Following the completion of the transaction, the director now owns 7,107 shares of the company’s stock, valued at approximately $837,773.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael R. Cole sold 1,452 shares of UFP Industries stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $119.28, for a total transaction of $173,194.56. Following the sale, the chief financial officer now directly owns 165,155 shares of the company’s stock, valued at approximately $19,699,688.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,687 shares of company stock worth $3,831,653. Insiders own 2.58% of the company’s stock.

About UFP Industries

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.