Walleye Capital LLC Purchases New Shares in UFP Industries, Inc. (NASDAQ:UFPI)

Walleye Capital LLC bought a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,238 shares of the construction company's stock, valued at approximately $556,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings 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 acquiring an additional 76 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in UFP Industries by 0.7% in the second quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company's stock valued at $1,630,000 after buying an additional 105 shares during the period. Kingsview Wealth Management LLC lifted its stake in UFP Industries by 1.8% in the third quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company's stock valued at $822,000 after buying an additional 113 shares during the period. SummerHaven Investment Management LLC lifted its stake in UFP Industries by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company's stock valued at $866,000 after buying an additional 130 shares during the period. Finally, GAMMA Investing LLC lifted its stake in UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company's stock valued at $84,000 after buying an additional 132 shares during the period. 81.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wedbush reissued an "outperform" rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com raised UFP Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $148.00.

Insider Activity at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 314,450 shares of the company's stock, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.58% of the stock is currently owned by insiders.

UFP Industries Stock Up 0.4 %

Shares of NASDAQ:UFPI traded up $0.50 during trading on Monday, reaching $133.54. 210,634 shares of the stock were exchanged, compared to its average volume of 276,929. 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. The stock has a fifty day moving average of $131.98 and a two-hundred day moving average of $123.64. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 18.37 and a beta of 1.41.

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 firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous 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. Research analysts anticipate that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Monday, December 2nd. UFP Industries's payout ratio is currently 18.16%.

UFP Industries Company 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.