UFP Industries, Inc. (NASDAQ:UFPI) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,760 shares of the construction company’s stock after acquiring an additional 521 shares during the period. Massachusetts Financial Services Co. MA’s holdings in UFP Industries were worth $1,281,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of UFPI. Signaturefd LLC increased its holdings in shares of 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 purchasing an additional 76 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of UFP Industries by 0.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company’s stock worth $1,630,000 after acquiring an additional 105 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of UFP Industries by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company’s stock worth $866,000 after acquiring an additional 130 shares during the period. GAMMA Investing LLC boosted its position 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 valued at $84,000 after acquiring an additional 132 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of UFP Industries by 300.0% in the third 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 during the period. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Trading Down 1.7 %

UFPI opened at $135.26 on Thursday. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $131.39 and a 200-day simple moving average of $122.77. The firm has a market cap of $8.21 billion, a P/E ratio of 18.63 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 earnings per share. On average, equities 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 issued a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a report on Monday, November 4th. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus upped their price target on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, UFP Industries presently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Insider Buying and Selling at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total value of $1,965,450.00. Following the sale, the chief executive officer now directly owns 314,450 shares in the company, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.58% of the stock is currently owned by corporate insiders.

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.