UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,829 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,497 shares of the construction company's stock after selling 13,829 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of UFP Industries worth $13,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company's stock worth $41,000 after buying an additional 76 shares during the last quarter. Meeder Asset Management Inc. raised its stake in UFP Industries by 0.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company's stock valued at $1,630,000 after purchasing an additional 105 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in UFP Industries by 1.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company's stock valued at $822,000 after purchasing an additional 113 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of UFP Industries by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company's stock worth $866,000 after purchasing an additional 130 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of UFP Industries by 25.8% during the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company's stock valued at $84,000 after buying an additional 132 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

UFP Industries stock traded up $0.96 during mid-day trading on Friday, hitting $133.04. 151,073 shares of the company were exchanged, compared to its average volume of 212,318. UFP Industries, Inc. has a 1-year low of $107.49 and a 1-year high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $131.93 and a 200 day moving average of $123.51. The company has a market capitalization of $8.08 billion, a PE ratio of 18.30 and a beta of 1.41.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.25). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 earnings per share. As a group, sell-side analysts expect that UFP Industries, Inc. will post 6.88 earnings per share for the current year.

UFP Industries Announces Dividend

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

Insider Activity at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of the business's stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UFPI. Wedbush restated an "outperform" rating and issued a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com raised shares of UFP Industries from a "hold" rating to a "buy" rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.