Kapitalo Investimentos Ltda Grows Position in UFP Industries, Inc. (NASDAQ:UFPI)

Kapitalo Investimentos Ltda raised its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 23.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,172 shares of the construction company’s stock after buying an additional 611 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in UFP Industries were worth $398,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UFPI. Pathstone Family Office LLC purchased a new position in UFP Industries during the 3rd quarter valued at approximately $278,000. HighTower Advisors LLC lifted its stake in shares of UFP Industries by 24.8% in the 3rd quarter. HighTower Advisors LLC now owns 3,675 shares of the construction company’s stock valued at $378,000 after purchasing an additional 731 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of UFP Industries by 1,161.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,129 shares of the construction company’s stock valued at $320,000 after purchasing an additional 2,881 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of UFP Industries by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 232,203 shares of the construction company’s stock valued at $23,778,000 after purchasing an additional 693 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of UFP Industries by 1.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 9,805 shares of the construction company’s stock valued at $1,004,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UFPI shares. Stifel Nicolaus raised their price objective on UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Benchmark decreased their price target on UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Wedbush reissued a “neutral” rating and set a $102.00 price target on shares of UFP Industries in a research note on Thursday, February 22nd. Two 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 price target 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 business’s fifty day simple moving average is $116.35 and its 200-day simple moving average is $117.19. The company has a market capitalization of $7.10 billion, a PE ratio of 14.31 and a beta of 1.45. The company has a current ratio of 4.79, a quick ratio of 3.37 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share for the quarter, topping 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 firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $1.98 EPS. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, equities research analysts predict that UFP Industries, Inc. will post 7.53 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

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

Insider Buying and Selling

In other UFP Industries news, insider Patrick M. Benton sold 11,725 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $115.27, for a total transaction of $1,351,540.75. Following the sale, the insider now owns 97,729 shares in the company, valued at approximately $11,265,221.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other UFP Industries news, CFO Michael R. Cole sold 1,452 shares of the business’s 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 owns 165,155 shares in the company, valued at approximately $19,699,688.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patrick M. Benton sold 11,725 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $115.27, for a total value of $1,351,540.75. Following the completion of the sale, the insider now owns 97,729 shares in the company, valued at approximately $11,265,221.83. The disclosure for this sale can be found here. Insiders have sold a total of 32,687 shares of company stock worth $3,831,653 in the last ninety days. 2.58% of the stock is owned by insiders.

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.