UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Strs Ohio

Strs Ohio reduced its position in UFP Industries, Inc. (NASDAQ:UFPI) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,400 shares of the construction company’s stock after selling 1,000 shares during the period. Strs Ohio’s holdings in UFP Industries were worth $2,059,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. increased its stake 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 valued at $994,000 after purchasing an additional 1,513 shares during the last quarter. Citigroup Inc. grew its holdings in UFP Industries by 4.7% in the 1st quarter. Citigroup Inc. now owns 64,448 shares of the construction company’s stock valued at $4,972,000 after buying an additional 2,886 shares during the period. PNC Financial Services Group Inc. increased its stake 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 holdings 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 worth $1,445,000 after acquiring an additional 366 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of UFP Industries by 54.6% in the first 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 during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

UFP Industries Price Performance

UFP Industries stock opened at $111.79 on Friday. The firm has a fifty day moving average of $116.18 and a 200-day moving average of $112.87. UFP Industries, Inc. has a 52-week low of $76.01 and a 52-week high of $128.65. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $6.88 billion, a P/E ratio of 13.87 and a beta of 1.49.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.06). The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.10 earnings per share. As a group, analysts predict that UFP Industries, Inc. will post 7.4 EPS for the current year.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.32 annualized dividend and a yield of 1.18%. UFP Industries’s payout ratio is 16.38%.

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.