111 Capital Sells 8,581 Shares of UFP Industries, Inc. $UFPI

111 Capital decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 73.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,033 shares of the construction company’s stock after selling 8,581 shares during the quarter. 111 Capital’s holdings in UFP Industries were worth $284,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in UFP Industries by 54.8% during the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after acquiring an additional 114 shares during the period. EverSource Wealth Advisors LLC grew its position 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 worth $54,000 after purchasing an additional 259 shares in the last quarter. Winnow Wealth LLC bought a new stake in UFP Industries during the 3rd quarter valued at approximately $51,000. AlphaQuest LLC bought a new stake in UFP Industries during the 2nd quarter valued at approximately $91,000. Finally, Bryn Mawr Trust Advisors LLC purchased a new position in UFP Industries in the 2nd quarter worth approximately $202,000. Institutional investors own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

UFPI has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $112.00 price target on shares of UFP Industries in a research note on Tuesday, February 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a report on Tuesday, January 27th. Zacks Research upgraded shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Stifel Nicolaus set a $98.00 price target on shares of UFP Industries in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, UFP Industries presently has an average rating of “Hold” and an average price target of $107.33.

UFP Industries Stock Performance

UFP Industries stock opened at $98.49 on Thursday. The company’s 50-day moving average price is $104.27 and its 200-day moving average price is $97.73. The company has a quick ratio of 3.13, a current ratio of 4.59 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.57 billion, a PE ratio of 19.74 and a beta of 1.48. UFP Industries, Inc. has a twelve month low of $87.11 and a twelve month high of $118.00.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Monday, February 23rd. The construction company reported $0.70 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The company’s revenue was down 9.0% on a year-over-year basis. On average, equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.5%. This is an increase from UFP Industries’s previous quarterly dividend of $0.35. UFP Industries’s dividend payout ratio is presently 28.86%.

Insiders Place Their Bets

In related news, Chairman Matthew J. Missad sold 11,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $92.26, for a total transaction of $1,014,860.00. Following the sale, the chairman owned 310,533 shares in the company, valued at approximately $28,649,774.58. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.56% of the company’s stock.

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.