UFP Industries, Inc. (NASDAQ:UFPI) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in UFP Industries, Inc. (NASDAQ:UFPIGet Rating) by 9.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,423 shares of the construction company’s stock after purchasing an additional 4,250 shares during the period. State of Alaska Department of Revenue owned approximately 0.08% of UFP Industries worth $3,231,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Personal CFO Solutions LLC increased its holdings in shares of UFP Industries by 3.4% in the first quarter. Personal CFO Solutions LLC now owns 4,064 shares of the construction company’s stock valued at $314,000 after purchasing an additional 134 shares during the period. Maryland State Retirement & Pension System grew its holdings in UFP Industries by 0.6% during the first quarter. Maryland State Retirement & Pension System now owns 24,817 shares of the construction company’s stock worth $1,915,000 after acquiring an additional 144 shares during the period. Mackenzie Financial Corp grew its holdings in UFP Industries by 3.3% during the first quarter. Mackenzie Financial Corp now owns 4,771 shares of the construction company’s stock worth $368,000 after acquiring an additional 152 shares during the period. Ironwood Investment Management LLC grew its holdings in UFP Industries by 1.0% during the first quarter. Ironwood Investment Management LLC now owns 17,020 shares of the construction company’s stock worth $1,313,000 after acquiring an additional 176 shares during the period. Finally, BerganKDV Wealth Management LLC grew its holdings in UFP Industries by 1.6% during the first quarter. BerganKDV Wealth Management LLC now owns 11,430 shares of the construction company’s stock worth $882,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

UFP Industries Stock Performance

NASDAQ UFPI opened at $71.50 on Friday. The business’s 50-day moving average price is $82.17 and its 200 day moving average price is $78.47. UFP Industries, Inc. has a twelve month low of $64.13 and a twelve month high of $94.80. The company has a market capitalization of $4.41 billion, a PE ratio of 6.89 and a beta of 1.56. The company has a current ratio of 2.88, a quick ratio of 1.54 and a debt-to-equity ratio of 0.12.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 31st. This represents a $1.00 annualized dividend and a yield of 1.40%. UFP Industries’s dividend payout ratio (DPR) is presently 9.64%.

Insider Buying and Selling

In related news, CEO Matthew J. Missad sold 12,500 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $93.21, for a total transaction of $1,165,125.00. Following the transaction, the chief executive officer now directly owns 317,709 shares in the company, valued at $29,613,655.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other UFP Industries news, CEO Matthew J. Missad sold 12,500 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $93.21, for a total transaction of $1,165,125.00. Following the completion of the sale, the chief executive officer now directly owns 317,709 shares in the company, valued at $29,613,655.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael R. Cole sold 3,554 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $84.57, for a total value of $300,561.78. Following the sale, the chief financial officer now owns 160,727 shares of the company’s stock, valued at $13,592,682.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,595 shares of company stock worth $4,406,273. 3.74% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UFPI shares. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Benchmark upped their target price on UFP Industries to $110.00 in a report on Monday, July 25th. Wedbush upped their target price on UFP Industries to $108.00 in a report on Friday, July 22nd. DA Davidson upped their target price on UFP Industries from $90.00 to $101.00 in a report on Friday, July 22nd. Finally, Stifel Nicolaus upped their target price on UFP Industries from $95.00 to $100.00 in a report on Friday, July 22nd.

UFP Industries Profile

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UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.

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Institutional Ownership by Quarter for UFP Industries (NASDAQ:UFPI)

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