UFP Industries, Inc. (NASDAQ:UFPI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,284 shares of the construction company’s stock after purchasing an additional 1,890 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of UFP Industries worth $2,717,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UFPI. American Century Companies Inc. lifted its position in UFP Industries by 13.3% in the first quarter. American Century Companies Inc. now owns 12,877 shares of the construction company’s stock worth $994,000 after purchasing an additional 1,513 shares during the period. Citigroup Inc. lifted its position in shares of UFP Industries by 4.7% during the 1st quarter. Citigroup Inc. now owns 64,448 shares of the construction company’s stock valued at $4,972,000 after acquiring an additional 2,886 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of UFP Industries by 9.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,374 shares of the construction company’s stock valued at $722,000 after acquiring an additional 792 shares during the last quarter. Bank of Montreal Can lifted its position in shares of UFP Industries by 2.1% during the 1st quarter. Bank of Montreal Can now owns 17,664 shares of the construction company’s stock valued at $1,445,000 after acquiring an additional 366 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of UFP Industries by 54.6% during the 1st quarter. MetLife Investment Management LLC now owns 32,217 shares of the construction company’s stock valued at $2,486,000 after acquiring an additional 11,377 shares during the last quarter. 81.69% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $80.53 on Friday. The company’s fifty day moving average is $79.58 and its two-hundred day moving average is $82.37. The company has a quick ratio of 2.46, a current ratio of 4.27 and a debt-to-equity ratio of 0.10. UFP Industries, Inc. has a 12-month low of $64.13 and a 12-month high of $99.40. The company has a market cap of $4.96 billion, a P/E ratio of 8.08 and a beta of 1.48.

UFP Industries (NASDAQ:UFPI – Get Rating) last announced its earnings results on Tuesday, May 2nd. The construction company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.33. UFP Industries had a net margin of 7.02% and a return on equity of 24.92%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $3.00 EPS. The company’s revenue was down 26.8% on a year-over-year basis. Equities analysts expect that UFP Industries, Inc. will post 8.25 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, May 31st. UFP Industries’s dividend payout ratio (DPR) is presently 10.03%.

Analyst Ratings Changes

UFPI has been the subject of a number of recent research reports. DA Davidson increased their price objective on UFP Industries from $102.00 to $112.00 in a research report on Wednesday, May 3rd. Benchmark increased their price objective on UFP Industries from $85.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. StockNews.com initiated coverage on UFP Industries in a research report on Thursday, May 18th. They set a “buy” rating for the company. Stifel Nicolaus cut their price objective on UFP Industries from $102.00 to $100.00 in a research report on Wednesday, May 3rd. Finally, BMO Capital Markets boosted their target price on shares of UFP Industries from $95.00 to $100.00 in a research note on Tuesday, May 16th.

Insider Transactions at UFP Industries

In other news, CEO Matthew J. Missad sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $83.60, for a total value of $418,000.00. Following the transaction, the chief executive officer now directly owns 365,545 shares of the company’s stock, valued at $30,559,562. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Matthew J. Missad sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $83.60, for a total value of $418,000.00. Following the transaction, the chief executive officer now directly owns 365,545 shares of the company’s stock, valued at $30,559,562. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William G. Currie sold 46,830 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $85.10, for a total transaction of $3,985,233.00. Following the transaction, the director now directly owns 63,770 shares in the company, valued at $5,426,827. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,991 shares of company stock valued at $7,132,135. 3.55% of the stock is owned by insiders.

UFP Industries Profile

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UFP Industries, Inc engages in the supply of products primarily manufactured from wood, wood and non-wood composites, and other materials to retail, packaging, and construction markets. It operates through the following segments: Retail Solutions, Packaging, and Construction. The Retail Solutions segment sells treated lumber products, wood plastic composite, mineral based composite decking and related decking accessories, exterior sliding, pattern, trim, and facia products.