UFP Industries, Inc. (NASDAQ:UFPI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 1.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,528,221 shares of the construction company’s stock after purchasing an additional 14,857 shares during the period. Geode Capital Management LLC’s holdings in UFP Industries were worth $200,553,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vestcor Inc grew its stake in shares of UFP Industries by 2.4% in the third quarter. Vestcor Inc now owns 11,096 shares of the construction company’s stock worth $1,456,000 after acquiring an additional 261 shares in the last quarter. M&T Bank Corp grew its stake in UFP Industries by 17.3% during the 3rd quarter. M&T Bank Corp now owns 3,029 shares of the construction company’s stock worth $397,000 after purchasing an additional 446 shares in the last quarter. Barclays PLC increased its holdings in UFP Industries by 109.0% during the 3rd quarter. Barclays PLC now owns 135,996 shares of the construction company’s stock worth $17,844,000 after purchasing an additional 70,927 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in UFP Industries in the 3rd quarter valued at about $473,000. Finally, MML Investors Services LLC acquired a new position in shares of UFP Industries during the third quarter worth about $248,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UFPI shares. Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, UFP Industries presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

UFP Industries Trading Down 1.0 %

Shares of UFP Industries stock opened at $126.86 on Monday. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $131.93 and a 200-day simple moving average of $123.96. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 17.45 and a beta of 1.41. UFP Industries, Inc. has a 12-month low of $107.49 and a 12-month high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.25). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. On average, equities analysts forecast that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.04%. UFP Industries’s dividend payout ratio is presently 18.16%.

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.