Blue Trust Inc. lowered its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI – Free Report) by 35.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711 shares of the construction company’s stock after selling 397 shares during the period. Blue Trust Inc.’s holdings in UFP Industries were worth $80,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in UFPI. Signaturefd LLC raised its position in UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after buying an additional 76 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of UFP Industries during the third quarter valued at approximately $94,000. Millburn Ridgefield Corp bought a new position in UFP Industries in the 3rd quarter worth about $140,000. Verdence Capital Advisors LLC bought a new position in shares of UFP Industries during the third quarter valued at approximately $210,000. Finally, Robertson Stephens Wealth Management LLC grew its position in shares of UFP Industries by 5.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock worth $216,000 after buying an additional 104 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.
Insider Buying and Selling
In related news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the transaction, the director now owns 61,140 shares in the company, valued at $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.58% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Analysis on UFP Industries
UFP Industries Price Performance
Shares of UFPI opened at $108.55 on Monday. The company has a market cap of $6.59 billion, a P/E ratio of 16.03 and a beta of 1.45. UFP Industries, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average price is $114.73 and its 200 day moving average price is $123.09.
UFP Industries (NASDAQ:UFPI – Get Free Report) last posted its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. On average, research analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.
UFP Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.35 per share. The ex-dividend date is Monday, March 3rd. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.29%. UFP Industries’s payout ratio is currently 20.68%.
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.
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