Charles Schwab Investment Management Inc. Acquires 4,006 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Charles Schwab Investment Management Inc. grew its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 769,841 shares of the construction company’s stock after buying an additional 4,006 shares during the period. Charles Schwab Investment Management Inc. owned 1.27% of UFP Industries worth $101,011,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of UFP Industries by 300.0% during the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after buying an additional 144 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of UFP Industries during the 2nd quarter valued at $29,000. Signaturefd LLC boosted its holdings in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after buying an additional 76 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of UFP Industries during the 2nd quarter valued at $56,000. Finally, GAMMA Investing LLC boosted its holdings in shares of UFP Industries by 84.2% during the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after buying an additional 234 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

Insider Activity

In other news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the sale, the chief executive officer now owns 314,450 shares of the company’s stock, valued at $41,202,383.50. This represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

UFPI has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research report on Monday. Benchmark lifted their price target on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their price target on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $137.53 on Wednesday. UFP Industries, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $141.33. The business has a 50-day simple moving average of $131.16 and a two-hundred day simple moving average of $122.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 18.92 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the firm posted $2.10 EPS. UFP Industries’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, analysts expect that UFP Industries, Inc. will post 6.89 earnings per share for the current year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

UFP Industries 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.