D.A. Davidson & CO. reduced its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 76.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,559 shares of the construction company's stock after selling 11,460 shares during the period. D.A. Davidson & CO.'s holdings in UFP Industries were worth $467,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company's stock worth $25,000 after acquiring an additional 144 shares during the last quarter. Headlands Technologies LLC acquired a new stake in UFP Industries in the second quarter valued at $29,000. Signaturefd LLC lifted its holdings in UFP Industries by 31.8% in the third quarter. Signaturefd LLC now owns 315 shares of the construction company's stock valued at $41,000 after acquiring an additional 76 shares during the period. Triad Wealth Partners LLC acquired a new stake in UFP Industries in the second quarter valued at $56,000. Finally, GAMMA Investing LLC lifted its holdings in UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company's stock valued at $57,000 after acquiring an additional 234 shares during the period. 81.81% of the stock is currently owned by hedge funds and other institutional investors.
UFP Industries Stock Performance
NASDAQ UFPI traded down $2.66 during trading hours on Wednesday, hitting $131.66. The company had a trading volume of 223,860 shares, compared to its average volume of 277,848. UFP Industries, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $131.80 and a 200-day simple moving average of $123.28. The firm has a market cap of $8.00 billion, a P/E ratio of 18.48 and a beta of 1.41.
UFP Industries (NASDAQ:UFPI - Get Free Report) last released 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). 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 during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business earned $2.10 EPS. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts predict that UFP Industries, Inc. will post 6.88 EPS for the current year.
UFP Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, December 2nd. UFP Industries's payout ratio is presently 18.16%.
Analyst Ratings Changes
A number of equities research analysts have commented on UFPI shares. StockNews.com raised UFP Industries from a "hold" rating to a "buy" rating in a report on Tuesday. Wedbush reissued an "outperform" rating and issued a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have given 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.
View Our Latest Analysis on UFP Industries
Insider Activity at UFP Industries
In related news, CEO Matthew J. Missad sold 15,000 shares of the company'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 completion of the sale, the chief executive officer now owns 314,450 shares in the company, 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 SEC, which can be accessed through this link. 2.58% of the stock is owned by insiders.
About UFP Industries
(
Free Report)
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.
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