UFP Industries, Inc. (NASDAQ:UFPI) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 194.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,332 shares of the construction company’s stock after purchasing an additional 4,179 shares during the quarter. Cerity Partners LLC’s holdings in UFP Industries were worth $831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in shares of UFP Industries by 233.2% during the second quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company’s stock worth $729,000 after buying an additional 4,595 shares during the period. Raymond James & Associates boosted its holdings in UFP Industries by 16.2% during the 2nd quarter. Raymond James & Associates now owns 209,085 shares of the construction company’s stock valued at $23,417,000 after acquiring an additional 29,221 shares during the period. Citigroup Inc. grew its position in UFP Industries by 50.7% in the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock valued at $15,670,000 after acquiring an additional 40,162 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of UFP Industries by 131.4% in the second quarter. Blue Trust Inc. now owns 870 shares of the construction company’s stock valued at $107,000 after purchasing an additional 494 shares during the period. Finally, Harfst & Associates Inc. grew its holdings in shares of UFP Industries by 2.8% in the second quarter. Harfst & Associates Inc. now owns 22,848 shares of the construction company’s stock valued at $2,559,000 after purchasing an additional 627 shares in the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the sale, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com upgraded UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Price Performance

UFP Industries stock opened at $132.08 on Friday. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $131.90 and its 200 day simple moving average is $123.40. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $141.33. The firm has a market capitalization of $8.02 billion, a PE ratio of 18.17 and a beta of 1.41.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business earned $2.10 EPS. The firm’s revenue was down 9.8% on a year-over-year basis. On average, equities research analysts predict that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

UFP Industries 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.