Cwm LLC Purchases 194 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Cwm LLC increased its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,169 shares of the construction company’s stock after purchasing an additional 194 shares during the quarter. Cwm LLC’s holdings in UFP Industries were worth $900,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UFPI. Contravisory Investment Management Inc. acquired a new stake in UFP Industries in the 4th quarter valued at $27,000. Global Retirement Partners LLC grew its position in UFP Industries by 46.2% in the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the construction company’s stock valued at $51,000 after purchasing an additional 139 shares during the period. Headlands Technologies LLC acquired a new stake in UFP Industries in the 3rd quarter valued at $59,000. Blue Trust Inc. boosted its holdings in UFP Industries by 25.6% during the 4th quarter. Blue Trust Inc. now owns 594 shares of the construction company’s stock worth $75,000 after acquiring an additional 121 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in UFP Industries during the 4th quarter worth $88,000. Institutional investors own 81.81% of the company’s stock.

Insider Transactions at UFP Industries

In related news, CEO Matthew J. Missad sold 5,018 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the sale, the chief executive officer now directly owns 363,328 shares in the company, valued at approximately $41,437,558.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UFPI. Stifel Nicolaus lifted their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Wedbush reaffirmed a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Benchmark lifted their price objective on shares of UFP Industries from $120.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

UFP Industries Trading Up 1.0 %

NASDAQ UFPI opened at $113.64 on Monday. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 14.10 and a beta of 1.49. UFP Industries, Inc. has a one year low of $76.08 and a one year high of $128.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.41 and a quick ratio of 3.12. The business’s fifty day moving average is $115.66 and its 200-day moving average is $113.44.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Tuesday, February 20th. The construction company reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.06). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Equities research analysts predict that UFP Industries, Inc. will post 7.4 EPS 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 paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from UFP Industries’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 29th. UFP Industries’s payout ratio is presently 16.38%.

UFP Industries 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.