5,342 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,342 shares of the construction company’s stock, valued at approximately $602,000.

Several other hedge funds have also recently modified their holdings of UFPI. CIBC Asset Management Inc increased its position in shares of UFP Industries by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock valued at $213,000 after acquiring an additional 97 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its position in shares of UFP Industries by 5.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock valued at $216,000 after purchasing an additional 104 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of UFP Industries by 1.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company’s stock worth $822,000 after purchasing an additional 113 shares during the period. Highland Capital Management LLC boosted its holdings in shares of UFP Industries by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company’s stock worth $250,000 after buying an additional 138 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in UFP Industries by 2.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 6,809 shares of the construction company’s stock valued at $767,000 after buying an additional 160 shares during the period. Institutional investors own 81.81% of the company’s stock.

Insider Buying and Selling

In other news, Director William G. Currie sold 5,700 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the sale, the director now directly owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.58% of the stock is currently owned by insiders.

UFP Industries Price Performance

NASDAQ UFPI opened at $109.13 on Monday. The company has a market cap of $6.62 billion, a PE ratio of 16.12 and a beta of 1.52. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $113.02 and its two-hundred day simple moving average is $122.28. UFP Industries, Inc. has a 52 week low of $102.35 and a 52 week high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.04). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. Research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date is Monday, March 3rd. UFP Industries’s payout ratio is presently 20.68%.

Analyst Upgrades and Downgrades

UFPI has been the topic of several research reports. StockNews.com lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

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.