UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,937 shares of the construction company's stock after selling 100,304 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.36% of UFP Industries worth $28,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp raised its stake in UFP Industries by 194.1% in the fourth quarter. Stifel Financial Corp now owns 85,532 shares of the construction company's stock valued at $10,738,000 after purchasing an additional 56,453 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in UFP Industries in the fourth quarter valued at approximately $278,000. Assetmark Inc. raised its stake in UFP Industries by 17.3% in the fourth quarter. Assetmark Inc. now owns 873 shares of the construction company's stock valued at $110,000 after purchasing an additional 129 shares in the last quarter. Renaissance Group LLC raised its stake in UFP Industries by 6.4% in the fourth quarter. Renaissance Group LLC now owns 23,926 shares of the construction company's stock valued at $3,002,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in UFP Industries by 26.5% in the fourth quarter. Corient Private Wealth LLC now owns 16,832 shares of the construction company's stock valued at $2,113,000 after purchasing an additional 3,525 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Price Performance

NASDAQ UFPI traded up $1.47 on Friday, reaching $119.48. 226,546 shares of the company's stock traded hands, compared to its average volume of 231,075. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.79 and a quick ratio of 3.37. UFP Industries, Inc. has a 12 month low of $77.47 and a 12 month high of $128.65. The stock has a market cap of $7.38 billion, a PE ratio of 14.86 and a beta of 1.47. The stock has a 50-day simple moving average of $117.46 and a 200 day simple moving average of $116.74.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.34. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the business earned $1.98 earnings per share. The business's revenue was down 10.1% on a year-over-year basis. As a group, research analysts predict that UFP Industries, Inc. will post 7.53 earnings per share for the current year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, June 3rd. UFP Industries's dividend payout ratio is 16.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UFPI. Benchmark lowered their target price on shares of UFP Industries from $137.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, May 1st. Wedbush reiterated a "neutral" rating and set a $102.00 price target on shares of UFP Industries in a research report on Thursday, February 22nd. StockNews.com cut shares of UFP Industries from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus increased their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, UFP Industries has a consensus rating of "Moderate Buy" and an average target price of $116.50.

Insider Transactions at UFP Industries

In related news, CEO Matthew J. Missad sold 5,018 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the completion of the sale, the chief executive officer now owns 363,328 shares of the company's stock, valued at $41,437,558.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Matthew J. Missad sold 5,018 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the completion of the sale, the chief executive officer now owns 363,328 shares of the company's stock, valued at $41,437,558.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce A. Merino sold 16,472 shares of the firm's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $117.88, for a total value of $1,941,719.36. Following the completion of the sale, the director now directly owns 7,107 shares of the company's stock, valued at approximately $837,773.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,980 shares of company stock worth $3,052,415. Insiders own 2.58% of the company's stock.

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.