KBC Group NV Sells 1,241 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

KBC Group NV decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 10.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,906 shares of the construction company’s stock after selling 1,241 shares during the period. KBC Group NV’s holdings in UFP Industries were worth $1,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of UFP Industries by 300.0% in the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after acquiring an additional 144 shares in the last quarter. Headlands Technologies LLC bought a new position in UFP Industries in the second quarter worth about $29,000. Signaturefd LLC lifted its position in shares of UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after buying an additional 76 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of UFP Industries in the 2nd quarter valued at about $56,000. Finally, GAMMA Investing LLC grew its position in shares of UFP Industries by 84.2% in the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after buying an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

UFPI has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Benchmark raised their price objective on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, UFP Industries has an average rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Price Performance

Shares of UFPI opened at $129.21 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The company’s fifty day moving average price is $129.77 and its 200-day moving average price is $122.14. UFP Industries, Inc. has a 1-year low of $107.49 and a 1-year high of $139.54. The firm has a market capitalization of $7.85 billion, a PE ratio of 17.77 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, equities research analysts predict that UFP Industries, Inc. will post 7.01 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio is presently 18.16%.

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.