Loomis Sayles & Co. L P Sells 4,062 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Loomis Sayles & Co. L P cut its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,574 shares of the construction company's stock after selling 4,062 shares during the quarter. Loomis Sayles & Co. L P owned about 0.45% of UFP Industries worth $35,502,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company's stock valued at $25,000 after buying an additional 144 shares in the last quarter. Headlands Technologies LLC acquired a new position in UFP Industries during the 2nd quarter worth $29,000. Signaturefd LLC grew its position in shares of 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 purchasing an additional 76 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of UFP Industries during the 2nd quarter worth about $56,000. Finally, 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 valued at $57,000 after purchasing an additional 234 shares during the period. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Price Performance

Shares of UFPI traded down $1.49 during mid-day trading on Tuesday, reaching $137.53. The company had a trading volume of 300,903 shares, compared to its average volume of 279,510. The company's 50-day moving average is $131.16 and its 200-day moving average is $122.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The company has a market capitalization of $8.35 billion, a P/E ratio of 18.92 and a beta of 1.39. UFP Industries, Inc. has a twelve month low of $107.49 and a twelve month high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 EPS. On average, equities analysts anticipate that UFP Industries, Inc. will post 6.89 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.96%. UFP Industries's dividend payout ratio (DPR) is presently 18.16%.

Insider Buying and Selling 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 stock was sold at an average price of $131.03, for a total transaction 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 $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.