Charles Schwab Investment Management Inc. Has $101.01 Million Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Charles Schwab Investment Management Inc. grew its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 769,841 shares of the construction company's stock after purchasing an additional 4,006 shares during the period. Charles Schwab Investment Management Inc. owned about 1.27% of UFP Industries worth $101,011,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UFPI. Kayne Anderson Rudnick Investment Management LLC increased its position in UFP Industries by 0.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company's stock worth $361,155,000 after purchasing an additional 28,601 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of UFP Industries by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company's stock valued at $116,467,000 after acquiring an additional 32,555 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of UFP Industries by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company's stock valued at $90,857,000 after acquiring an additional 5,784 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of 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 last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of UFP Industries by 1.0% during the 3rd quarter. Copeland Capital Management LLC now owns 546,197 shares of the construction company's stock valued at $71,667,000 after acquiring an additional 5,515 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 15,000 shares of the company'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 owns 314,450 shares of the company's stock, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.58% of the company's stock.

UFP Industries Stock Performance

NASDAQ UFPI traded down $2.27 during trading on Wednesday, reaching $135.26. 220,459 shares of the company's stock were exchanged, compared to its average volume of 279,253. The business has a 50 day moving average price of $131.39 and a 200-day moving average price of $122.77. The stock has a market capitalization of $8.21 billion, a P/E ratio of 18.63 and a beta of 1.39. 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, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $141.33.

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 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%. UFP Industries's quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $2.10 EPS. Sell-side analysts forecast that UFP Industries, Inc. will post 6.89 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is presently 18.16%.

Analyst Upgrades and Downgrades

UFPI has been the topic of a number of analyst reports. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a report on Monday. BMO Capital Markets raised their price objective on UFP Industries from $115.00 to $125.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their target price on UFP Industries from $125.00 to $157.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Wedbush reaffirmed an "outperform" rating and set a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. Finally, Benchmark raised their price target on UFP Industries from $133.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, UFP Industries presently has an average rating of "Moderate Buy" and an average price target of $148.00.

About UFP Industries

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.