Cerity Partners LLC Purchases 4,179 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Cerity Partners LLC boosted its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 194.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,332 shares of the construction company's stock after purchasing an additional 4,179 shares during the quarter. Cerity Partners LLC's holdings in UFP Industries were worth $831,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UFPI. Signaturefd LLC increased 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 valued at $41,000 after acquiring an additional 76 shares in the last quarter. Meeder Asset Management Inc. grew its position in UFP Industries by 0.7% in 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 period. Kingsview Wealth Management LLC increased its stake in UFP Industries by 1.8% during 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 in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of UFP Industries by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company's stock valued at $866,000 after buying an additional 130 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings 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 owned by institutional investors and hedge funds.

UFP Industries Stock Performance

UFPI stock traded up $0.96 during midday trading on Friday, hitting $133.04. The company's stock had a trading volume of 151,034 shares, compared to its average volume of 277,210. UFP Industries, Inc. has a 1 year low of $107.49 and a 1 year high of $141.33. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 18.15 and a beta of 1.41. The stock's 50-day moving average price is $131.90 and its 200 day moving average price is $123.40. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

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

UFP Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UFPI. Wedbush restated an "outperform" rating and issued a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. StockNews.com upgraded UFP Industries from a "hold" rating to a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.00.

Insider Buying and Selling at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of UFP Industries stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 314,450 shares in the company, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.