UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by Argent Capital Management LLC

Argent Capital Management LLC grew its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,306 shares of the construction company's stock after buying an additional 3,241 shares during the period. Argent Capital Management LLC's holdings in UFP Industries were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UFPI. Park Avenue Securities LLC boosted its position in shares of UFP Industries by 21.2% during the 4th quarter. Park Avenue Securities LLC now owns 2,085 shares of the construction company's stock worth $235,000 after purchasing an additional 365 shares during the period. Nordea Investment Management AB boosted its position in shares of UFP Industries by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 109,476 shares of the construction company's stock worth $12,331,000 after purchasing an additional 3,973 shares during the period. JPMorgan Chase & Co. boosted its position in shares of UFP Industries by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock worth $82,847,000 after purchasing an additional 60,859 shares during the period. Franklin Resources Inc. boosted its position in shares of UFP Industries by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock worth $169,675,000 after purchasing an additional 188,969 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of UFP Industries by 6.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,897 shares of the construction company's stock worth $1,450,000 after purchasing an additional 674 shares during the period. Hedge funds and other institutional investors own 81.81% of the company's stock.

Analyst Upgrades and Downgrades

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

UFP Industries Stock Performance

Shares of NASDAQ:UFPI traded down $0.56 during midday trading on Thursday, hitting $117.01. The stock had a trading volume of 277,190 shares, compared to its average volume of 314,757. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1 year low of $107.25 and a 1 year high of $141.33. The stock has a 50 day moving average price of $123.87 and a two-hundred day moving average price of $123.69. The company has a market capitalization of $7.11 billion, a PE ratio of 16.09 and a beta of 1.45.

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 for the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The business's revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. As a group, equities analysts predict that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, December 2nd. UFP Industries's dividend payout ratio is presently 18.16%.

Insider Activity

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the sale, the chief executive officer now directly owns 314,450 shares in the company, valued at $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Currie sold 5,700 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the transaction, the director now directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.58% of the company's stock.

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.