Advantage Alpha Capital Partners LP Sells 28,227 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Advantage Alpha Capital Partners LP trimmed its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 41.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,169 shares of the construction company's stock after selling 28,227 shares during the period. Advantage Alpha Capital Partners LP owned approximately 0.07% of UFP Industries worth $5,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company's stock worth $41,000 after buying an additional 76 shares during the last quarter. Meeder Asset Management Inc. boosted its position in UFP Industries by 0.7% during the second quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company's stock valued at $1,630,000 after purchasing an additional 105 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in UFP Industries by 1.8% in the third quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company's stock valued at $822,000 after purchasing an additional 113 shares in the last quarter. SummerHaven Investment Management LLC increased its position 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 purchasing an additional 130 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of UFP Industries by 25.8% in the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company's stock valued at $84,000 after buying an additional 132 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Benchmark boosted their target price on shares of UFP Industries from $133.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. BMO Capital Markets upped their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday, July 31st. Stifel Nicolaus lifted their price target on UFP Industries from $125.00 to $157.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Wedbush reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $148.00.

UFP Industries Stock Performance

Shares of NASDAQ UFPI traded down $1.49 during trading hours on Tuesday, reaching $137.53. 300,902 shares of the stock were exchanged, compared to its average volume of 279,510. The stock's fifty day simple moving average is $131.16 and its 200 day simple moving average is $122.63. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 18.92 and a beta of 1.39. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.25). The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company's revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 EPS. Sell-side analysts predict that UFP Industries, Inc. will post 6.89 EPS for the current year.

UFP Industries Announces Dividend

The business 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 $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is currently 18.16%.

Insider Buying and Selling

In other news, CEO Matthew J. Missad sold 15,000 shares of UFP Industries 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 transaction, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.58% of the stock is currently owned by company 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.