Campbell & CO Investment Adviser LLC Sells 2,173 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Campbell & CO Investment Adviser LLC cut its stake in UFP Industries, Inc. (NASDAQ:UFPIFree Report) by 25.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,378 shares of the construction company’s stock after selling 2,173 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in UFP Industries were worth $801,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of UFPI. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of UFP Industries by 716.7% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,561,285 shares of the construction company’s stock worth $159,876,000 after acquiring an additional 1,370,105 shares during the period. Norges Bank acquired a new stake in shares of UFP Industries during the 4th quarter worth about $86,885,000. Wells Fargo & Company MN increased its position in shares of UFP Industries by 871.3% during the 4th quarter. Wells Fargo & Company MN now owns 412,116 shares of the construction company’s stock worth $51,741,000 after purchasing an additional 369,687 shares in the last quarter. AQR Capital Management LLC increased its position in shares of UFP Industries by 93.0% during the 3rd quarter. AQR Capital Management LLC now owns 679,139 shares of the construction company’s stock worth $69,544,000 after purchasing an additional 327,220 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of UFP Industries by 31.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 749,259 shares of the construction company’s stock worth $76,724,000 after purchasing an additional 179,323 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

UFP Industries Stock Down 0.4 %

Shares of UFPI stock opened at $115.19 on Friday. UFP Industries, Inc. has a 12-month low of $87.13 and a 12-month high of $128.65. The company has a quick ratio of 3.37, a current ratio of 4.79 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $117.24 and a 200-day moving average of $116.85. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 14.33 and a beta of 1.45.

UFP Industries (NASDAQ:UFPIGet Free Report) last released its earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the company earned $1.98 EPS. The company’s revenue was down 10.1% on a year-over-year basis. As a group, equities research analysts predict that UFP Industries, Inc. will post 7.53 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, June 3rd. UFP Industries’s dividend payout ratio is 16.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UFPI shares. Stifel Nicolaus raised their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Wedbush restated a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a research report on Thursday, February 22nd. Finally, Benchmark reduced their target price on UFP Industries from $137.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $116.50.

View Our Latest Analysis on UFPI

Insider Buying and Selling at UFP Industries

In other UFP Industries news, CFO Michael R. Cole sold 1,452 shares of UFP Industries stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $119.28, for a total value of $173,194.56. Following the sale, the chief financial officer now owns 165,155 shares of the company’s stock, valued at approximately $19,699,688.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Michael R. Cole sold 1,452 shares of UFP Industries stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $119.28, for a total value of $173,194.56. Following the sale, the chief financial officer now owns 165,155 shares of the company’s stock, valued at $19,699,688.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bruce A. Merino sold 16,472 shares of UFP Industries stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $117.88, for a total value of $1,941,719.36. Following the completion of the sale, the director now directly owns 7,107 shares in the company, valued at approximately $837,773.16. The disclosure for this sale can be found here. Insiders have sold 25,980 shares of company stock valued at $3,052,415 in the last 90 days. 2.58% of the stock is currently owned by company insiders.

UFP Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UFP Industries (NASDAQ:UFPI)

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