Hantz Financial Services Inc. Buys 4,730 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Hantz Financial Services Inc. boosted its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,657 shares of the construction company's stock after acquiring an additional 4,730 shares during the quarter. Hantz Financial Services Inc.'s holdings in UFP Industries were worth $3,498,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its position in shares of UFP Industries by 299.5% during the second quarter. Harbor Capital Advisors Inc. now owns 6,132 shares of the construction company's stock valued at $687,000 after purchasing an additional 4,597 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of UFP Industries by 233.2% during the 2nd quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company's stock worth $729,000 after buying an additional 4,595 shares in the last quarter. Raymond James & Associates boosted its stake in shares of UFP Industries by 16.2% in the 2nd 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 last quarter. Blue Trust Inc. grew its holdings 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 valued at $107,000 after acquiring an additional 494 shares in the last quarter. Finally, Harfst & Associates Inc. increased its position in shares of UFP Industries by 2.8% during the second quarter. Harfst & Associates Inc. now owns 22,848 shares of the construction company's stock valued at $2,559,000 after acquiring an additional 627 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of UFPI traded up $0.64 during mid-day trading on Friday, hitting $135.90. The stock had a trading volume of 169,541 shares, compared to its average volume of 244,519. 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 has a market cap of $8.25 billion, a P/E ratio of 18.69 and a beta of 1.39. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $141.33. The business has a fifty day moving average price of $131.68 and a 200-day moving average price of $123.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released 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 net margin of 6.70% and a return on equity of 14.45%. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.76 billion. During the same period last year, the company earned $2.10 earnings per share. UFP Industries's revenue for the quarter was down 9.8% compared to the same quarter last year. On average, equities research analysts expect that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Dividend Announcement

The firm 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. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.97%. UFP Industries's dividend payout ratio is 18.16%.

Insider Buying and Selling 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 transaction of $1,965,450.00. Following the completion of the transaction, the chief executive officer now owns 314,450 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on UFPI shares. Wedbush reissued an "outperform" rating and issued a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a report on Monday, November 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

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.