UFP Industries, Inc. (NASDAQ:UFPI) Stake Lifted by Cerity Partners LLC

Cerity Partners LLC raised its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 194.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,332 shares of the construction company’s stock after buying an additional 4,179 shares during the quarter. Cerity Partners LLC’s holdings in UFP Industries were worth $831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UFPI. Hsbc Holdings PLC increased its stake in shares of UFP Industries by 233.2% in the second quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company’s stock valued at $729,000 after purchasing an additional 4,595 shares during the period. Raymond James & Associates raised its stake 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 in the last quarter. Citigroup Inc. boosted its position in UFP Industries by 50.7% during the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock worth $15,670,000 after acquiring an additional 40,162 shares during the period. Blue Trust Inc. grew 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 worth $107,000 after purchasing an additional 494 shares in the last quarter. Finally, Harfst & Associates Inc. increased its holdings in shares of UFP Industries by 2.8% during 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 during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Insider Transactions at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total value of $1,965,450.00. Following the completion of the transaction, the chief executive officer now directly owns 314,450 shares in the company, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. 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 Trading Up 0.3 %

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

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

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. UFP Industries’s dividend payout ratio is 18.16%.

Analysts Set New Price Targets

UFPI has been the topic of a number of recent analyst reports. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com upgraded UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.