MML Investors Services LLC Invests $248,000 in UFP Industries, Inc. (NASDAQ:UFPI)

MML Investors Services LLC acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,892 shares of the construction company’s stock, valued at approximately $248,000.

Several other large investors also recently bought and sold shares of the stock. UMB Bank n.a. lifted its stake in shares of UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after buying an additional 144 shares during the period. Headlands Technologies LLC purchased a new position in UFP Industries in the 2nd quarter worth $29,000. Signaturefd LLC lifted its position in UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in UFP Industries during the 3rd quarter valued at about $70,000. Finally, GAMMA Investing LLC increased its holdings in shares of UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Insider Activity at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the completion of the sale, the chief executive officer now owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Currie sold 5,700 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the transaction, the director now owns 61,140 shares of the company’s stock, valued at $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UFPI shares. Wedbush reiterated an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, UFP Industries currently has an average rating of “Moderate Buy” and an average price target of $148.00.

UFP Industries Trading Up 0.6 %

UFP Industries stock opened at $113.66 on Thursday. The firm has a market cap of $6.90 billion, a PE ratio of 15.63 and a beta of 1.41. UFP Industries, Inc. has a 12 month low of $107.49 and a 12 month high of $141.33. The stock’s 50 day simple moving average is $128.85 and its two-hundred day simple moving average is $123.90. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07.

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

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

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.