UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 194.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,532 shares of the construction company's stock after acquiring an additional 56,453 shares during the period. Stifel Financial Corp owned about 0.14% of UFP Industries worth $10,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of UFP Industries by 716.7% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,561,285 shares of the construction company's stock worth $159,876,000 after acquiring an additional 1,370,105 shares during the period. Norges Bank acquired a new position in shares of UFP Industries in the fourth quarter worth approximately $86,885,000. Wells Fargo & Company MN lifted its stake in UFP Industries by 871.3% in the fourth quarter. Wells Fargo & Company MN now owns 412,116 shares of the construction company's stock valued at $51,741,000 after buying an additional 369,687 shares during the period. AQR Capital Management LLC lifted its stake in UFP Industries by 93.0% in the third quarter. AQR Capital Management LLC now owns 679,139 shares of the construction company's stock valued at $69,544,000 after buying an additional 327,220 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in UFP Industries by 31.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 749,259 shares of the construction company's stock valued at $76,724,000 after buying an additional 179,323 shares during the period. Institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

UFPI stock traded down $0.44 during midday trading on Thursday, hitting $115.19. The company's stock had a trading volume of 195,043 shares, compared to its average volume of 272,926. The stock's 50-day moving average price is $117.24 and its 200 day moving average price is $116.85. The company has a quick ratio of 3.37, a current ratio of 4.79 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1 year low of $87.13 and a 1 year high of $128.65. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 14.33 and a beta of 1.45.

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

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.33 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.32 annualized dividend and a yield of 1.15%. UFP Industries's dividend payout ratio is currently 16.42%.

Insider Activity

In other news, CEO Matthew J. Missad sold 5,018 shares of the company's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total transaction of $572,302.90. Following the transaction, the chief executive officer now owns 363,328 shares of the company's stock, valued at approximately $41,437,558.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider David A. Tutas sold 3,038 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $120.21, for a total transaction of $365,197.98. Following the transaction, the insider now directly owns 21,374 shares in the company, valued at approximately $2,569,368.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Missad sold 5,018 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 363,328 shares in the company, valued at $41,437,558.40. The disclosure for this sale can be found here. Insiders have sold 25,980 shares of company stock valued at $3,052,415 in the last 90 days. Insiders own 2.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com lowered UFP Industries from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 4th. Wedbush reiterated a "neutral" rating and set a $102.00 price target on shares of UFP Industries in a report on Thursday, February 22nd. Stifel Nicolaus upped their price target on UFP Industries from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Finally, Benchmark decreased their price target on UFP Industries from $137.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and three have assigned 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 $116.50.

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.