XTX Topco Ltd Purchases 6,232 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

XTX Topco Ltd raised its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 149.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,389 shares of the construction company’s stock after purchasing an additional 6,232 shares during the period. XTX Topco Ltd’s holdings in UFP Industries were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of UFPI. American Century Companies Inc. raised its position in shares of UFP Industries by 13.3% in the 1st quarter. American Century Companies Inc. now owns 12,877 shares of the construction company’s stock worth $994,000 after acquiring an additional 1,513 shares in the last quarter. Citigroup Inc. raised its position in shares of UFP Industries by 4.7% in the 1st quarter. Citigroup Inc. now owns 64,448 shares of the construction company’s stock worth $4,972,000 after acquiring an additional 2,886 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of UFP Industries by 9.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,374 shares of the construction company’s stock worth $722,000 after acquiring an additional 792 shares in the last quarter. Bank of Montreal Can raised its position in shares of UFP Industries by 2.1% in the 1st quarter. Bank of Montreal Can now owns 17,664 shares of the construction company’s stock worth $1,445,000 after acquiring an additional 366 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of UFP Industries by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 32,217 shares of the construction company’s stock worth $2,486,000 after acquiring an additional 11,377 shares in the last quarter. 79.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other UFP Industries news, Director Kuras Mary Tuuk sold 9,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $100.70, for a total transaction of $906,300.00. Following the completion of the transaction, the director now owns 9,521 shares of the company’s stock, valued at $958,764.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other UFP Industries news, Director Kuras Mary Tuuk sold 9,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $100.70, for a total transaction of $906,300.00. Following the completion of the transaction, the director now owns 9,521 shares of the company’s stock, valued at $958,764.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce A. Merino sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $88.36, for a total value of $706,880.00. Following the completion of the sale, the director now directly owns 22,312 shares of the company’s stock, valued at approximately $1,971,488.32. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by insiders.

UFP Industries Stock Performance

NASDAQ UFPI opened at $101.42 on Friday. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.15 and a beta of 1.52. UFP Industries, Inc. has a twelve month low of $66.17 and a twelve month high of $107.57. The company has a current ratio of 4.34, a quick ratio of 2.87 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $100.75 and a 200 day moving average of $88.93.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.04). The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.29 billion. UFP Industries had a return on equity of 21.75% and a net margin of 7.12%. The business’s revenue for the quarter was down 29.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 EPS. Sell-side analysts anticipate that UFP Industries, Inc. will post 8.26 EPS for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.30 dividend. This is a boost from UFP Industries’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, August 31st. This represents a $1.20 dividend on an annualized basis and a yield of 1.18%. UFP Industries’s dividend payout ratio is presently 13.19%.

Analysts Set New Price Targets

Several research analysts have recently commented on UFPI shares. Benchmark reissued a “buy” rating and issued a $120.00 price target on shares of UFP Industries in a research report on Monday, August 21st. StockNews.com started coverage on UFP Industries in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, BMO Capital Markets upped their target price on UFP Industries from $95.00 to $100.00 in a research report on Tuesday, May 16th.

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.