Public Employees Retirement System of Ohio Decreases Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Public Employees Retirement System of Ohio cut its position in UFP Industries, Inc. (NASDAQ:UFPI) by 39.5% during the third quarter, HoldingsChannel reports. The firm owned 1,731 shares of the construction company’s stock after selling 1,130 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in UFP Industries were worth $227,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UFPI. UMB Bank n.a. grew 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 purchasing an additional 144 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of UFP Industries during the 2nd quarter worth about $29,000. Signaturefd LLC boosted its position in shares of 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 in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of UFP Industries in the 3rd quarter valued at about $70,000. Finally, GAMMA Investing LLC raised its position in shares of UFP Industries by 25.8% during the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock worth $84,000 after acquiring an additional 132 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UFP Industries

In other news, Director William G. Currie sold 5,700 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 61,140 shares in the company, valued at $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew J. Missad sold 15,000 shares of UFP Industries 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 transaction, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on UFPI. Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Trading Down 0.1 %

UFPI opened at $113.51 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. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $141.33. The business’s 50 day moving average is $130.26 and its two-hundred day moving average is $123.87. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 15.61 and a beta of 1.41.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 earnings per share. On average, research analysts predict that UFP Industries, Inc. will post 6.88 EPS 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 issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. UFP Industries’s payout ratio is 18.16%.

About UFP Industries

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.