Fmr LLC Has $214.60 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

FMR LLC lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,635,577 shares of the construction company's stock after purchasing an additional 193,891 shares during the quarter. FMR LLC owned 2.69% of UFP Industries worth $214,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased 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 period. Hsbc Holdings PLC boosted its holdings in shares of UFP Industries by 233.2% in the 2nd quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company's stock valued at $729,000 after purchasing an additional 4,595 shares in the last quarter. Raymond James & Associates grew its position in UFP Industries by 16.2% during the 2nd quarter. Raymond James & Associates now owns 209,085 shares of the construction company's stock worth $23,417,000 after acquiring an additional 29,221 shares during the last quarter. Blue Trust Inc. raised its position in UFP Industries by 131.4% in the second quarter. Blue Trust Inc. now owns 870 shares of the construction company's stock valued at $107,000 after purchasing an additional 494 shares during the last quarter. Finally, Harfst & Associates Inc. boosted its stake in shares of UFP Industries by 2.8% during the second quarter. Harfst & Associates Inc. now owns 22,848 shares of the construction company's stock valued at $2,559,000 after purchasing an additional 627 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on UFPI. Wedbush reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $148.00.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of UFP Industries 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 completion of the sale, the chief executive officer now directly owns 314,450 shares of the company's stock, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.58% of the stock is owned by corporate insiders.

UFP Industries Trading Down 1.1 %

NASDAQ:UFPI traded down $1.54 on Tuesday, reaching $133.42. 40,197 shares of the stock traded hands, compared to its average volume of 277,446. 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 $107.49 and a 1-year high of $141.33. The company's 50 day moving average is $131.75 and its 200-day moving average is $123.18. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 18.56 and a beta of 1.41.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). The firm 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 company's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 earnings per share. Equities research analysts anticipate that UFP Industries, Inc. will post 6.88 EPS for the current fiscal 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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Monday, December 2nd. UFP Industries's dividend payout ratio is 18.16%.

UFP Industries 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.