4,163 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Readystate Asset Management LP

Readystate Asset Management LP bought a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,163 shares of the construction company's stock, valued at approximately $546,000.

Other hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in shares of UFP Industries by 233.2% in the 2nd quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company's stock worth $729,000 after acquiring an additional 4,595 shares during the last quarter. Raymond James & Associates increased its stake in shares of UFP Industries by 16.2% in the second quarter. Raymond James & Associates now owns 209,085 shares of the construction company's stock worth $23,417,000 after buying an additional 29,221 shares during the period. Citigroup Inc. increased its stake in shares of UFP Industries by 50.7% in the third quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock worth $15,670,000 after buying an additional 40,162 shares during the period. Blue Trust Inc. increased its stake in shares of UFP Industries by 131.4% in the second quarter. Blue Trust Inc. now owns 870 shares of the construction company's stock worth $107,000 after buying an additional 494 shares during the period. Finally, Harfst & Associates Inc. increased its stake in shares of UFP Industries by 2.8% in the second quarter. Harfst & Associates Inc. now owns 22,848 shares of the construction company's stock worth $2,559,000 after buying an additional 627 shares during the period. 81.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com raised shares of UFP Industries from a "hold" rating to a "buy" rating in a research note on Tuesday. Wedbush reaffirmed an "outperform" rating and issued a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, UFP Industries has a consensus rating of "Moderate Buy" and an average target price of $148.00.

Insider Transactions at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.58% of the company's stock.

UFP Industries Trading Up 0.7 %

UFP Industries stock traded up $0.96 during mid-day trading on Friday, reaching $133.04. 151,034 shares of the company traded hands, compared to its average volume of 277,210. 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 firm's 50 day moving average price is $131.93 and its 200 day moving average price is $123.49. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 18.30 and a beta of 1.41. UFP Industries, Inc. has a 52-week low of $107.49 and a 52-week high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued 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). The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 earnings per share. On average, analysts anticipate that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Monday, December 2nd. UFP Industries's dividend payout ratio is presently 18.16%.

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.