UFP Industries, Inc. (NASDAQ:UFPI) is Henrickson Nauta Wealth Advisors Inc.'s 2nd Largest Position

Henrickson Nauta Wealth Advisors Inc. decreased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,414 shares of the construction company's stock after selling 23,561 shares during the quarter. UFP Industries makes up approximately 10.0% of Henrickson Nauta Wealth Advisors Inc.'s portfolio, making the stock its 2nd biggest position. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.36% of UFP Industries worth $24,492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its holdings in shares of UFP Industries by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 109,476 shares of the construction company's stock worth $12,331,000 after purchasing an additional 3,973 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock valued at $82,847,000 after purchasing an additional 60,859 shares during the period. Franklin Resources Inc. grew its stake in UFP Industries by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock worth $169,675,000 after buying an additional 188,969 shares during the last quarter. Sanctuary Advisors LLC increased its position in UFP Industries by 6.6% during the third quarter. Sanctuary Advisors LLC now owns 10,897 shares of the construction company's stock worth $1,450,000 after buying an additional 674 shares during the period. Finally, Geode Capital Management LLC lifted its stake in UFP Industries by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company's stock valued at $200,553,000 after buying an additional 14,857 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Stock Performance

Shares of UFPI stock traded up $3.14 during midday trading on Wednesday, hitting $117.73. The company had a trading volume of 153,335 shares, compared to its average volume of 308,949. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 16.19 and a beta of 1.45. 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 company's 50 day simple moving average is $124.25 and its 200 day simple moving average is $123.74. UFP Industries, Inc. has a 52-week low of $107.25 and a 52-week high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the business earned $2.10 earnings per share. Research analysts anticipate that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 1.12%. UFP Industries's dividend payout ratio is currently 18.16%.

Insider Activity at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the transaction, the director now owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew J. Missad sold 15,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UFPI. Wedbush restated an "outperform" rating and set a $155.00 target price on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com upgraded shares of UFP Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $148.00.

UFP Industries 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.