UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,806 shares of the construction company's stock after purchasing an additional 51,809 shares during the period. Fisher Asset Management LLC owned approximately 0.47% of UFP Industries worth $37,238,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company's stock valued at $25,000 after buying an additional 144 shares in the last quarter. Headlands Technologies LLC acquired a new stake in UFP Industries in the 2nd quarter valued at $29,000. Signaturefd LLC raised its position in UFP Industries by 31.8% in the third quarter. Signaturefd LLC now owns 315 shares of the construction company's stock valued at $41,000 after purchasing an additional 76 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of UFP Industries during the second quarter worth about $56,000. Finally, GAMMA Investing LLC boosted its position in shares of UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company's stock worth $57,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 81.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on UFPI shares. Wedbush reissued an "outperform" rating and set a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. BMO Capital Markets raised their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday, July 31st. Benchmark boosted their price objective on shares of UFP Industries from $133.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their price target on UFP Industries from $125.00 to $157.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded UFP Industries from a "buy" rating to a "hold" rating in a report on Monday. Two equities research 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, the company presently has an average rating of "Moderate Buy" and an average price target of $148.00.

UFP Industries Stock Performance

Shares of UFPI stock traded down $2.33 on Wednesday, hitting $135.20. 54,323 shares of the stock traded hands, compared to its average volume of 278,510. The company has a market capitalization of $8.21 billion, a PE ratio of 18.63 and a beta of 1.39. The company's fifty day moving average is $131.39 and its 200 day moving average is $122.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. UFP Industries, Inc. has a 1-year low of $107.49 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company posted $2.10 earnings per share. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities research analysts predict that UFP Industries, Inc. will post 6.89 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. Shareholders of record on Monday, December 2nd will be issued a $0.33 dividend. 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 0.98%. UFP Industries's dividend payout ratio is currently 18.16%.

Insider Buying and Selling at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of UFP Industries 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 sale, the chief executive officer now directly owns 314,450 shares in the company, valued at $41,202,383.50. This trade represents a 4.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.58% of the stock is currently owned by insiders.

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.