De Lisle Partners LLP Acquires 14,500 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

De Lisle Partners LLP lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 28.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,054 shares of the construction company's stock after buying an additional 14,500 shares during the quarter. UFP Industries comprises approximately 1.4% of De Lisle Partners LLP's investment portfolio, making the stock its 16th biggest holding. De Lisle Partners LLP owned about 0.11% of UFP Industries worth $8,665,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UFPI. Tidal Investments LLC grew its position in shares of UFP Industries by 9.6% during the 1st quarter. Tidal Investments LLC now owns 17,499 shares of the construction company's stock worth $2,153,000 after buying an additional 1,534 shares during the period. GAMMA Investing LLC boosted its stake in UFP Industries by 84.2% during the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company's stock worth $57,000 after acquiring an additional 234 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in UFP Industries by 299.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,132 shares of the construction company's stock worth $687,000 after acquiring an additional 4,597 shares during the last quarter. Curated Wealth Partners LLC boosted its stake in UFP Industries by 180.7% during the 2nd quarter. Curated Wealth Partners LLC now owns 3,623 shares of the construction company's stock worth $406,000 after acquiring an additional 8,111 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in UFP Industries by 72.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,997 shares of the construction company's stock worth $2,128,000 after acquiring an additional 7,998 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the sale, the chief executive officer now owns 314,450 shares of the company's stock, valued at $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.58% of the stock is currently owned by insiders.

UFP Industries Stock Down 1.7 %

UFPI traded down $2.27 during trading on Thursday, reaching $135.26. The company had a trading volume of 220,459 shares, compared to its average volume of 279,253. 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 12 month low of $107.49 and a 12 month high of $141.33. The business's fifty day moving average price is $131.53 and its 200 day moving average price is $122.86. The company has a market cap of $8.21 billion, a P/E ratio of 18.61 and a beta of 1.39.

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). 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 the consensus estimate of $1.76 billion. During the same period in the previous year, the firm posted $2.10 EPS. The business's quarterly revenue was down 9.8% compared to the same quarter last year. Equities analysts anticipate that UFP Industries, Inc. will post 6.89 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 0.98%. The ex-dividend date is Monday, December 2nd. UFP Industries's dividend payout ratio is presently 18.16%.

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.