SG Americas Securities LLC Sells 2,418 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

SG Americas Securities LLC cut its position in UFP Industries, Inc. (NASDAQ:UFPI) by 67.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,172 shares of the construction company’s stock after selling 2,418 shares during the period. SG Americas Securities LLC’s holdings in UFP Industries were worth $147,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in UFP Industries in the fourth quarter worth about $27,000. Advisors Asset Management Inc. bought a new position in UFP Industries in the third quarter worth about $28,000. Ronald Blue Trust Inc. increased its holdings in shares of UFP Industries by 64.2% during the third quarter. Ronald Blue Trust Inc. now owns 473 shares of the construction company’s stock valued at $46,000 after acquiring an additional 185 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of UFP Industries during the third quarter valued at about $59,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of UFP Industries during the fourth quarter valued at about $59,000. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Trading Down 1.0 %

UFP Industries stock opened at $113.82 on Wednesday. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. UFP Industries, Inc. has a 12 month low of $76.01 and a 12 month high of $128.65. The stock’s 50 day simple moving average is $116.55 and its two-hundred day simple moving average is $112.83. The firm has a market cap of $7.00 billion, a PE ratio of 14.12 and a beta of 1.49.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.06). UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the company posted $2.10 EPS. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. Analysts anticipate that UFP Industries, Inc. will post 7.39 earnings per share for the current year.

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. UFP Industries’s dividend payout ratio (DPR) is 16.38%.

Analyst Ratings Changes

UFPI has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Benchmark upped their price objective on shares of UFP Industries from $120.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Wedbush restated a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Finally, StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Insider Activity

In other news, CEO Matthew J. Missad sold 5,018 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total transaction of $572,302.90. Following the transaction, the chief executive officer now owns 363,328 shares in the company, valued at approximately $41,437,558.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.58% of the company’s stock.

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.