10,698 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,698 shares of the construction company's stock, valued at approximately $1,404,000.

Other hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in UFP Industries by 0.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company's stock valued at $361,155,000 after purchasing an additional 28,601 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in UFP Industries by 3.8% in 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 buying an additional 32,555 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of UFP Industries by 0.8% in 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 buying an additional 5,784 shares during the period. AQR Capital Management LLC raised its position in shares of UFP Industries by 22.7% during the second quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company's stock worth $67,594,000 after acquiring an additional 112,518 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake in shares of UFP Industries by 1.0% during the third 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 period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Matthew J. Missad sold 15,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly 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 legal filing with the SEC, which is accessible through this link. Insiders own 2.58% of the company's stock.

UFP Industries Stock Down 1.7 %

UFP Industries stock traded down $2.27 during midday trading on Wednesday, reaching $135.26. The stock had a trading volume of 220,459 shares, compared to its average volume of 278,634. The stock has a market capitalization of $8.21 billion, a P/E ratio of 18.63 and a beta of 1.39. The firm's fifty day simple moving average is $131.39 and its 200-day simple moving average is $122.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. UFP Industries, Inc. has a 1-year low of $107.49 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.25). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The business's revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 EPS. As a group, analysts expect that UFP Industries, Inc. will post 6.89 EPS for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.98%. UFP Industries's dividend payout ratio is currently 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.