Barclays PLC Acquires 70,927 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Barclays PLC increased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 109.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,996 shares of the construction company's stock after acquiring an additional 70,927 shares during the period. Barclays PLC owned approximately 0.22% of UFP Industries worth $17,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. boosted its position in shares of UFP Industries by 300.0% in the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company's stock worth $25,000 after purchasing an additional 144 shares in the last quarter. Headlands Technologies LLC purchased a new position in UFP Industries during the second quarter valued at $29,000. Signaturefd LLC boosted its holdings in UFP Industries by 31.8% in the third quarter. Signaturefd LLC now owns 315 shares of the construction company's stock worth $41,000 after acquiring an additional 76 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of UFP Industries in the third quarter worth $70,000. Finally, GAMMA Investing LLC increased its holdings in shares of UFP Industries by 25.8% during the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company's stock valued at $84,000 after acquiring an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the firm's stock in a transaction dated 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. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.58% of the company's stock.

UFP Industries Stock Performance

Shares of UFP Industries stock traded down $1.28 during trading on Friday, hitting $126.86. 218,883 shares of the company's stock traded hands, compared to its average volume of 204,368. UFP Industries, Inc. has a 1 year low of $107.49 and a 1 year high of $141.33. The business has a 50-day simple moving average of $131.93 and a 200-day simple moving average of $123.96. The stock has a market capitalization of $7.70 billion, a P/E ratio of 17.45 and a beta of 1.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly 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). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.76 billion. During the same period in the previous year, the business earned $2.10 EPS. The business's revenue was down 9.8% compared to the same quarter last year. As a group, analysts forecast that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is presently 18.16%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UFPI. 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, UFP Industries currently has an average rating of "Moderate Buy" and an average 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.