Vista Finance LLC Makes New $268,000 Investment in UFP Industries, Inc. (NASDAQ:UFPI)

Vista Finance LLC acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,378 shares of the construction company's stock, valued at approximately $268,000.

Other large investors also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV lifted its stake in shares of UFP Industries by 2.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 6,809 shares of the construction company's stock valued at $767,000 after purchasing an additional 160 shares during the period. Rhumbline Advisers grew its holdings in UFP Industries by 4.7% in the fourth quarter. Rhumbline Advisers now owns 217,640 shares of the construction company's stock valued at $24,517,000 after purchasing an additional 9,785 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of UFP Industries by 30.3% during the 4th quarter. Van ECK Associates Corp now owns 53,789 shares of the construction company's stock worth $6,059,000 after buying an additional 12,498 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of UFP Industries by 3.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after buying an additional 31,381 shares in the last quarter. Finally, Shaker Investments LLC OH acquired a new stake in UFP Industries in the 4th quarter valued at about $924,000. Hedge funds and other institutional investors own 81.81% of the company's stock.

Insider Activity

In other news, Director William G. Currie sold 5,700 shares of the stock in a transaction dated 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 sale, the director now owns 61,140 shares in the company, valued at approximately $7,739,712.60. This trade represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Missad sold 15,000 shares of the 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 completion of the sale, the chief executive officer now owns 314,450 shares of the company's stock, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company's stock.

UFP Industries Trading Down 1.4 %

NASDAQ UFPI traded down $1.56 during trading hours on Wednesday, hitting $112.89. 373,881 shares of the company's stock were exchanged, compared to its average volume of 287,964. The business's 50 day moving average is $115.84 and its 200-day moving average is $123.25. UFP Industries, Inc. has a 12-month low of $107.25 and a 12-month high of $141.33. The firm has a market capitalization of $6.85 billion, a P/E ratio of 15.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.04). The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.43 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. As a group, analysts anticipate that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.24%. UFP Industries's dividend payout ratio is currently 18.16%.

Analyst Ratings Changes

A number of equities analysts have issued reports on UFPI shares. StockNews.com upgraded shares of UFP Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Wedbush restated an "outperform" rating and issued a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. Finally, Benchmark restated a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $143.00.

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.