UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,174 shares of the construction company’s stock after selling 3,314 shares during the period. Fisher Asset Management LLC owned approximately 0.18% of UFP Industries worth $13,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UFPI. Commonwealth Equity Services LLC lifted its position in UFP Industries by 14.8% during the third quarter. Commonwealth Equity Services LLC now owns 12,042 shares of the construction company’s stock worth $1,233,000 after buying an additional 1,554 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in UFP Industries by 1.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,251 shares of the construction company’s stock valued at $1,664,000 after buying an additional 234 shares during the last quarter. Raymond James & Associates increased its holdings in shares of UFP Industries by 59.6% in the 3rd quarter. Raymond James & Associates now owns 80,677 shares of the construction company’s stock valued at $8,261,000 after acquiring an additional 30,142 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of UFP Industries by 48.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,814 shares of the construction company’s stock valued at $595,000 after acquiring an additional 1,903 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of UFP Industries by 13.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,520 shares of the construction company’s stock valued at $1,282,000 after acquiring an additional 1,511 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

UFPI opened at $116.65 on Monday. The stock has a fifty day moving average price of $115.89 and a 200 day moving average price of $114.00. The company has a current ratio of 4.79, a quick ratio of 3.37 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1 year low of $77.47 and a 1 year high of $128.65. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 14.51 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.62 by $0.34. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.71 billion. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 earnings per share. Analysts forecast that UFP Industries, Inc. will post 7.37 EPS for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, May 31st. UFP Industries’s dividend payout ratio is 16.42%.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total transaction of $572,302.90. Following the transaction, the chief executive officer now owns 363,328 shares in the company, valued at $41,437,558.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.58% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on UFPI shares. Wedbush reaffirmed a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Benchmark lowered their target price on UFP Industries from $137.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. StockNews.com cut UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus upped their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, UFP Industries currently has a consensus rating of “Moderate Buy” and an average target price of $113.20.

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.