Legacy Wealth Asset Management LLC Lowers Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Legacy Wealth Asset Management LLC reduced its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,123 shares of the construction company’s stock after selling 948 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in UFP Industries were worth $577,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UFPI. UMB Bank n.a. increased 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 purchasing an additional 144 shares in the last quarter. Signaturefd LLC increased its holdings in UFP Industries by 31.8% in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of UFP Industries in the third quarter worth about $70,000. GAMMA Investing LLC boosted its stake in shares of UFP Industries by 25.8% during the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock worth $84,000 after acquiring an additional 132 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of UFP Industries during the 3rd quarter valued at about $94,000. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Trading Down 0.2 %

Shares of UFP Industries stock opened at $116.76 on Friday. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a twelve month low of $107.25 and a twelve month high of $141.33. The firm has a market capitalization of $7.09 billion, a PE ratio of 16.06 and a beta of 1.45. The firm’s 50-day moving average price is $123.19 and its 200 day moving average price is $123.69.

UFP Industries (NASDAQ:UFPI) last released its 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 during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the business earned $2.10 EPS. The business’s revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts predict that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 1.13%. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

Wall Street Analyst Weigh In

UFPI has been the subject of a number of analyst reports. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Wedbush restated an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Insider Transactions at UFP Industries

In related news, Director William G. Currie sold 5,700 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the 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 approximately $41,202,383.50. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

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.