Caxton Associates LLP Makes New $1.10 Million Investment in UFP Industries, Inc. $UFPI

Caxton Associates LLP bought a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,059 shares of the construction company’s stock, valued at approximately $1,099,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allianz Asset Management GmbH lifted its position in UFP Industries by 10.2% during the second quarter. Allianz Asset Management GmbH now owns 249,261 shares of the construction company’s stock worth $24,767,000 after purchasing an additional 23,152 shares during the period. Mutual of America Capital Management LLC increased its holdings in UFP Industries by 4.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 166,340 shares of the construction company’s stock valued at $16,528,000 after buying an additional 7,063 shares during the period. Nordea Investment Management AB raised its position in shares of UFP Industries by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 111,584 shares of the construction company’s stock valued at $11,094,000 after buying an additional 759 shares in the last quarter. World Investment Advisors bought a new stake in shares of UFP Industries during the 2nd quarter worth approximately $394,000. Finally, Boston Partners lifted its holdings in shares of UFP Industries by 25.1% during the 2nd quarter. Boston Partners now owns 1,838,108 shares of the construction company’s stock worth $182,636,000 after acquiring an additional 368,808 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on UFPI. DA Davidson upgraded shares of UFP Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $112.00 in a research report on Friday, October 31st. Stifel Nicolaus set a $98.00 price objective on UFP Industries in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Finally, Zacks Research cut UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $114.25.

Insider Activity

In other UFP Industries news, Director Michael G. Wooldridge sold 1,192 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $93.43, for a total value of $111,368.56. Following the completion of the transaction, the director directly owned 14,697 shares in the company, valued at $1,373,140.71. This represents a 7.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Matthew J. Missad sold 11,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $92.26, for a total transaction of $1,014,860.00. Following the sale, the chairman directly owned 310,533 shares of the company’s stock, valued at approximately $28,649,774.58. This trade represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.56% of the stock is owned by insiders.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $92.42 on Tuesday. The company has a market capitalization of $5.38 billion, a P/E ratio of 17.08 and a beta of 1.49. UFP Industries, Inc. has a 1-year low of $87.11 and a 1-year high of $126.46. The firm’s 50 day simple moving average is $91.28 and its two-hundred day simple moving average is $96.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 3.23.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.08). UFP Industries had a net margin of 5.00% and a return on equity of 10.18%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. UFP Industries’s dividend payout ratio (DPR) is currently 25.88%.

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.