Swiss National Bank Lowers Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Swiss National Bank lessened its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 10.7% during the 4th quarter, HoldingsChannel reports. The firm owned 121,850 shares of the construction company’s stock after selling 14,600 shares during the quarter. Swiss National Bank’s holdings in UFP Industries were worth $15,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC lifted its stake in shares of UFP Industries by 1.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 9,805 shares of the construction company’s stock valued at $1,004,000 after purchasing an additional 103 shares during the period. Blue Trust Inc. boosted its stake in shares of 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 in the last quarter. Arizona State Retirement System grew its position in shares of UFP Industries by 0.8% during the 3rd quarter. Arizona State Retirement System now owns 17,680 shares of the construction company’s stock valued at $1,810,000 after acquiring an additional 134 shares during the period. Global Retirement Partners LLC grew its position in shares of UFP Industries by 46.2% during the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the construction company’s stock valued at $51,000 after acquiring an additional 139 shares during the period. Finally, Westover Capital Advisors LLC raised its holdings in UFP Industries by 3.0% in the 3rd quarter. Westover Capital Advisors LLC now owns 5,420 shares of the construction company’s stock worth $555,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Benchmark cut their price target on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Stifel Nicolaus increased 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. Finally, Wedbush reiterated a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.20.

Insider Buying and Selling at UFP Industries

In other news, CEO Matthew J. Missad sold 5,018 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 363,328 shares of the company’s stock, valued at $41,437,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the 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 owns 363,328 shares of the company’s stock, valued at approximately $41,437,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce A. Merino sold 16,472 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $117.88, for a total value of $1,941,719.36. Following the transaction, the director now directly owns 7,107 shares of the company’s stock, valued at $837,773.16. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by corporate insiders.

UFP Industries Trading Up 0.2 %

Shares of UFP Industries stock opened at $119.01 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.79 and a quick ratio of 3.37. The stock’s 50 day simple moving average is $116.29 and its 200-day simple moving average is $114.37. The stock has a market cap of $7.32 billion, a P/E ratio of 14.80 and a beta of 1.47. UFP Industries, Inc. has a 1-year low of $77.47 and a 1-year high of $128.65.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.34. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.71 billion. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.98 EPS. Analysts predict that UFP Industries, Inc. will post 7.37 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, May 31st. This represents a $1.32 dividend on an annualized basis and a yield of 1.11%. UFP Industries’s dividend payout ratio (DPR) is presently 16.42%.

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.