IFP Advisors Inc Sells 230 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

IFP Advisors Inc reduced its position in UFP Industries, Inc. (NASDAQ:UFPI) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,328 shares of the construction company’s stock after selling 230 shares during the period. IFP Advisors Inc’s holdings in UFP Industries were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of UFP Industries in the 3rd quarter valued at approximately $94,000. State of Alaska Department of Revenue raised its position in shares of UFP Industries by 5.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,080 shares of the construction company’s stock valued at $928,000 after purchasing an additional 375 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of UFP Industries in the 3rd quarter valued at approximately $226,000. Harbor Capital Advisors Inc. raised its position in shares of UFP Industries by 117.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,304 shares of the construction company’s stock valued at $1,746,000 after purchasing an additional 7,172 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of UFP Industries by 34.7% in the 3rd quarter. Van ECK Associates Corp now owns 41,291 shares of the construction company’s stock valued at $5,368,000 after purchasing an additional 10,647 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other UFP Industries news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the sale, the director now owns 61,140 shares of the company’s stock, valued at $7,739,712.60. The trade was a 8.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

UFP Industries Price Performance

NASDAQ:UFPI opened at $103.91 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 15.35 and a beta of 1.45. The company has a 50 day moving average price of $113.56 and a 200-day moving average price of $122.64. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. Equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s payout ratio is 20.68%.

Wall Street Analysts Forecast Growth

UFPI has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and set a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

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.