5,342 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,342 shares of the construction company's stock, valued at approximately $602,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UFPI. JPMorgan Chase & Co. raised its holdings in shares of UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock worth $82,847,000 after acquiring an additional 60,859 shares during the last quarter. Citigroup Inc. raised its holdings in shares of UFP Industries by 50.7% in the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock worth $15,670,000 after acquiring an additional 40,162 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of UFP Industries by 3.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after acquiring an additional 31,381 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of UFP Industries by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company's stock worth $101,011,000 after acquiring an additional 4,006 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in shares of UFP Industries by 85.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company's stock worth $4,543,000 after acquiring an additional 15,958 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

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Insider Activity

In other news, Director William G. Currie sold 5,700 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the transaction, the director now directly owns 61,140 shares of the company's stock, valued at $7,739,712.60. This represents a 8.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

UFPI has been the topic of a number of analyst reports. StockNews.com lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reiterated a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

UFP Industries Stock Down 0.8 %

NASDAQ:UFPI traded down $0.88 on Thursday, hitting $104.50. The stock had a trading volume of 533,249 shares, compared to its average volume of 283,467. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The stock has a market cap of $6.34 billion, a P/E ratio of 15.44 and a beta of 1.52. UFP Industries, Inc. has a 1 year low of $102.35 and a 1 year high of $141.33. The firm's fifty day simple moving average is $112.66 and its two-hundred day simple moving average is $121.95.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. Analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.35 per share. This is an increase from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, March 3rd. UFP Industries's dividend payout ratio is currently 20.68%.

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.