Wasatch Advisors LP Buys 16,486 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Wasatch Advisors LP increased its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 334,351 shares of the construction company's stock after purchasing an additional 16,486 shares during the quarter. Wasatch Advisors LP owned approximately 0.54% of UFP Industries worth $41,978,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in shares of UFP Industries in the 4th quarter valued at about $27,000. GAMMA Investing LLC acquired a new position in UFP Industries in the 4th quarter valued at about $30,000. SRS Capital Advisors Inc. grew its stake in UFP Industries by 218.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company's stock valued at $36,000 after buying an additional 197 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in UFP Industries in the 4th quarter valued at about $49,000. Finally, Global Retirement Partners LLC grew its stake in UFP Industries by 46.2% in the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the construction company's stock valued at $51,000 after buying an additional 139 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

UFP Industries Stock Performance

Shares of NASDAQ:UFPI traded down $0.91 on Tuesday, reaching $114.35. 199,032 shares of the company's stock were exchanged, compared to its average volume of 271,523. The company has a fifty day moving average of $116.80 and a 200-day moving average of $116.99. UFP Industries, Inc. has a twelve month low of $87.13 and a twelve month high of $128.65. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 14.21 and a beta of 1.45. The company has a current ratio of 4.79, a quick ratio of 3.37 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly 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. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The firm's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.98 EPS. On average, research analysts predict that UFP Industries, Inc. will post 7.53 EPS for the current fiscal year.

UFP Industries Announces Dividend

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

Insider Buying and Selling

In related news, CFO Michael R. Cole sold 1,452 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $119.28, for a total transaction of $173,194.56. Following the sale, the chief financial officer now owns 165,155 shares in the company, valued at approximately $19,699,688.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Bruce A. Merino sold 16,472 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $117.88, for a total value of $1,941,719.36. Following the completion of the transaction, the director now owns 7,107 shares of the company's stock, valued at approximately $837,773.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael R. Cole sold 1,452 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $119.28, for a total transaction of $173,194.56. Following the completion of the transaction, the chief financial officer now directly owns 165,155 shares of the company's stock, valued at approximately $19,699,688.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,962 shares of company stock worth $2,480,112. Corporate insiders own 2.58% of the company's stock.

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.