Mutual of America Capital Management LLC Sells 4,922 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Mutual of America Capital Management LLC reduced its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 159,443 shares of the construction company's stock after selling 4,922 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.26% of UFP Industries worth $20,921,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UFPI. Kayne Anderson Rudnick Investment Management LLC increased its holdings in UFP Industries by 0.9% in the second 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 during the period. Allspring Global Investments Holdings LLC increased its stake in shares of UFP Industries by 3.8% in the third 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 period. Price T Rowe Associates Inc. MD increased its stake in shares of UFP Industries by 0.8% in the first 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% in the third quarter. Copeland Capital Management LLC now owns 546,197 shares of the construction company's stock worth $71,667,000 after acquiring an additional 5,515 shares during the period. Institutional investors own 81.81% of the company's stock.

UFP Industries Trading Down 2.2 %

Shares of NASDAQ:UFPI traded down $2.86 during mid-day trading on Friday, hitting $129.21. The company had a trading volume of 194,415 shares, compared to its average volume of 288,596. 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 one year low of $107.49 and a one year high of $139.54. The firm has a fifty day moving average price of $129.45 and a 200 day moving average price of $122.04. The company has a market capitalization of $7.85 billion, a PE ratio of 17.77 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company earned $2.10 EPS. UFP Industries's revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, research analysts forecast that UFP Industries, Inc. will post 7.01 EPS for the current year.

UFP Industries Announces Dividend

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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. UFP Industries's dividend payout ratio is 18.16%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of UFP Industries from $125.00 to $157.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Wedbush reissued an "outperform" rating and set a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. BMO Capital Markets upped their price target on shares of 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 increased their price target on UFP Industries from $133.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $148.00.

UFP Industries Company 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.