UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. reduced its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 72.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,997 shares of the construction company's stock after selling 10,559 shares during the quarter. Meeder Asset Management Inc.'s holdings in UFP Industries were worth $524,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of UFPI. J. W. Coons Advisors LLC grew its stake in shares of UFP Industries by 5.4% during the 3rd quarter. J. W. Coons Advisors LLC now owns 3,725 shares of the construction company's stock worth $489,000 after acquiring an additional 190 shares during the period. Seizert Capital Partners LLC increased its position in shares of UFP Industries by 85.5% during the 3rd quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company's stock valued at $4,543,000 after purchasing an additional 15,958 shares during the last quarter. Natixis Advisors LLC raised its position in UFP Industries by 4.6% in the 3rd quarter. Natixis Advisors LLC now owns 30,639 shares of the construction company's stock worth $4,020,000 after purchasing an additional 1,361 shares during the period. CIBC Asset Management Inc bought a new stake in UFP Industries in the third quarter valued at approximately $236,000. Finally, Parametrica Management Ltd bought a new stake in shares of UFP Industries in the third quarter worth about $509,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Performance

Shares of NASDAQ UFPI traded up $0.50 during trading hours on Wednesday, reaching $128.63. The stock had a trading volume of 182,599 shares, compared to its average volume of 279,815. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 17.69 and a beta of 1.39. The firm has a 50-day moving average of $130.36 and a 200-day moving average of $122.26. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $139.54.

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). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $2.10 EPS. Equities research analysts predict that UFP Industries, Inc. will post 7.01 earnings per share for the current year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is currently 18.16%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UFPI. Benchmark lifted their price target on shares of UFP Industries from $133.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Wedbush reaffirmed an "outperform" rating and set a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. BMO Capital Markets lifted their price objective 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. Finally, Stifel Nicolaus boosted their price target on shares of UFP Industries from $125.00 to $157.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.