Dimensional Fund Advisors LP Has $174.31 Million Stock Position in UFP Industries, Inc. $UFPI

Dimensional Fund Advisors LP lessened its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,864,579 shares of the construction company’s stock after selling 17,842 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.20% of UFP Industries worth $174,313,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UFPI. AlphaQuest LLC grew its position in shares of UFP Industries by 822.7% in the 3rd quarter. AlphaQuest LLC now owns 8,480 shares of the construction company’s stock valued at $793,000 after acquiring an additional 7,561 shares during the period. Caxton Associates LLP bought a new stake in shares of UFP Industries in the 2nd quarter valued at about $1,099,000. New York State Common Retirement Fund lifted its stake in UFP Industries by 117.5% in the 3rd quarter. New York State Common Retirement Fund now owns 86,589 shares of the construction company’s stock valued at $8,095,000 after purchasing an additional 46,775 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in UFP Industries during the third quarter worth about $41,962,000. Finally, Boston Partners grew its holdings in UFP Industries by 25.1% during the second quarter. Boston Partners now owns 1,838,108 shares of the construction company’s stock worth $182,636,000 after purchasing an additional 368,808 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UFP Industries

In other news, Chairman Matthew J. Missad sold 11,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $92.26, for a total value of $1,014,860.00. Following the completion of the sale, the chairman owned 310,533 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 2.56% of the company’s stock.

UFP Industries Trading Down 0.6%

Shares of UFPI stock opened at $93.36 on Tuesday. UFP Industries, Inc. has a 12-month low of $87.11 and a 12-month high of $118.00. The company has a market capitalization of $5.28 billion, a PE ratio of 18.71 and a beta of 1.48. The firm has a 50 day moving average price of $104.40 and a two-hundred day moving average price of $97.59. The company has a quick ratio of 3.13, a current ratio of 4.59 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last posted its 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). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.40 billion. UFP Industries had a net margin of 4.66% and a return on equity of 9.27%. UFP Industries’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. As a group, analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, March 2nd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.35. UFP Industries’s dividend payout ratio (DPR) is 28.86%.

Wall Street Analyst Weigh In

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

UFP Industries Company 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.