California State Teachers Retirement System Sells 3,195 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

California State Teachers Retirement System lessened its position in shares of UFP Industries, Inc. (NASDAQ:UFPIFree Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,519 shares of the construction company’s stock after selling 3,195 shares during the period. California State Teachers Retirement System owned approximately 0.11% of UFP Industries worth $8,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new stake in UFP Industries in the 4th quarter valued at $424,000. Roundview Capital LLC acquired a new position in shares of UFP Industries in the fourth quarter valued at about $611,000. TFO Wealth Partners LLC increased its position in UFP Industries by 137,966.7% during the fourth quarter. TFO Wealth Partners LLC now owns 4,142 shares of the construction company’s stock worth $520,000 after acquiring an additional 4,139 shares during the period. Stifel Financial Corp raised its stake in UFP Industries by 194.1% in the 4th quarter. Stifel Financial Corp now owns 85,532 shares of the construction company’s stock worth $10,738,000 after purchasing an additional 56,453 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in UFP Industries in the 4th quarter valued at about $278,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

UFPI has been the topic of several recent research reports. StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus increased their target price on UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Benchmark decreased their price target on UFP Industries from $137.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a research report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.50.

Check Out Our Latest Stock Report on UFP Industries

UFP Industries Price Performance

UFPI stock opened at $113.80 on Friday. The company has a 50 day simple moving average of $116.90 and a 200 day simple moving average of $116.86. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 14.15 and a beta of 1.45. UFP Industries, Inc. has a 1 year low of $87.13 and a 1 year high of $128.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.79 and a quick ratio of 3.37.

UFP Industries (NASDAQ:UFPIGet Free Report) last released its quarterly earnings data 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 the consensus estimate of $1.71 billion. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 earnings per share. Research analysts anticipate that UFP Industries, Inc. will post 7.53 EPS for the current fiscal year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.33 dividend. The ex-dividend date is Monday, June 3rd. 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 presently 16.42%.

Insider Activity

In related news, Director Bruce A. Merino sold 16,472 shares of UFP Industries stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other 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 completion of the transaction, the chief financial officer now directly owns 165,155 shares of the company’s stock, valued at approximately $19,699,688.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce A. Merino sold 16,472 shares of the business’s 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 transaction, the director now directly owns 7,107 shares in the company, valued at $837,773.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,980 shares of company stock valued at $3,052,415. Company insiders own 2.58% of the company’s stock.

About UFP Industries

(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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