UFP Industries, Inc. $UFPI Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lessened its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 51.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,643 shares of the construction company’s stock after selling 18,335 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in UFP Industries were worth $1,649,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in UFP Industries by 54.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after purchasing an additional 114 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of UFP Industries by 24.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the construction company’s stock worth $52,000 after buying an additional 102 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of UFP Industries by 90.9% during the second quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock valued at $54,000 after buying an additional 259 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of UFP Industries in the 2nd quarter valued at $59,000. Finally, AlphaQuest LLC purchased a new position in UFP Industries in the 2nd quarter worth $91,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

Insider Activity

In other news, Chairman Matthew J. Missad sold 11,000 shares of UFP Industries stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $92.26, for a total value of $1,014,860.00. Following the sale, the chairman directly owned 310,533 shares of the company’s stock, valued at $28,649,774.58. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael G. Wooldridge sold 1,192 shares of the business’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 sale, the director owned 14,697 shares of the company’s stock, valued at $1,373,140.71. The trade was a 7.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.56% of the company’s stock.

Wall Street Analyst Weigh In

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

UFP Industries Trading Up 0.2%

Shares of NASDAQ:UFPI opened at $107.89 on Friday. UFP Industries, Inc. has a 1 year low of $87.11 and a 1 year high of $119.83. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 19.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 3.23. The business’s 50 day moving average price is $93.42 and its 200-day moving average price is $96.50.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.08). The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a return on equity of 10.18% and a net margin of 5.00%.UFP Industries’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS. On average, equities research analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, December 1st. UFP Industries’s payout ratio is presently 25.88%.

UFP Industries Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.