2,844 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,844 shares of the construction company’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its stake in shares of UFP Industries by 13.4% in the third quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after purchasing an additional 193,891 shares during the last quarter. Assenagon Asset Management S.A. raised its position in UFP Industries by 216.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 202,124 shares of the construction company’s stock worth $26,521,000 after buying an additional 138,215 shares during the last quarter. AQR Capital Management LLC lifted its stake in UFP Industries by 22.7% during the 2nd quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock valued at $67,594,000 after acquiring an additional 112,518 shares during the period. Wasatch Advisors LP boosted its holdings in shares of UFP Industries by 16.1% during the 3rd quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock valued at $77,507,000 after acquiring an additional 81,950 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its holdings in shares of UFP Industries by 103.3% during the 2nd quarter. Picton Mahoney Asset Management now owns 115,549 shares of the construction company’s stock valued at $12,941,000 after acquiring an additional 58,724 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Stock Performance

Shares of UFPI opened at $134.96 on Tuesday. The business has a 50-day simple moving average of $131.68 and a two-hundred day simple moving average of $123.07. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $141.33. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 18.56 and a beta of 1.41.

UFP Industries (NASDAQ:UFPI) last released its earnings results 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). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the company posted $2.10 earnings per share. The company’s revenue was down 9.8% compared to the same quarter last year. On average, analysts expect that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Announces Dividend

The company also recently announced 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

Insider Buying and Selling

In related news, CEO Matthew J. Missad sold 15,000 shares of the business’s 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, UFP Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

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.