Wilmington Savings Fund Society FSB Sells 29,470 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Wilmington Savings Fund Society FSB lessened its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 37.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,165 shares of the construction company's stock after selling 29,470 shares during the quarter. Wilmington Savings Fund Society FSB owned about 0.08% of UFP Industries worth $6,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of UFP Industries by 233.2% in the second quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company's stock worth $729,000 after purchasing an additional 4,595 shares in the last quarter. Raymond James & Associates grew its stake in shares of UFP Industries by 16.2% in the second quarter. Raymond James & Associates now owns 209,085 shares of the construction company's stock valued at $23,417,000 after acquiring an additional 29,221 shares in the last quarter. Citigroup Inc. grew its stake in shares of UFP Industries by 50.7% in the third quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock valued at $15,670,000 after acquiring an additional 40,162 shares in the last quarter. Blue Trust Inc. grew its stake 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. grew its stake in shares of UFP Industries by 2.8% in 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 in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

Insider Transactions 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 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 owns 314,450 shares in the company, valued at $41,202,383.50. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.58% of the company's stock.

UFP Industries Stock Down 1.2 %

NASDAQ:UFPI traded down $1.51 during trading hours on Friday, hitting $126.63. 70,049 shares of the company traded hands, compared to its average volume of 275,388. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The firm's 50-day simple moving average is $131.99 and its 200-day simple moving average is $123.80. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $141.33. The company has a market cap of $7.69 billion, a PE ratio of 17.63 and a beta of 1.41.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.25). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The company's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Equities analysts predict that UFP Industries, Inc. will post 6.88 earnings per share for the current year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, December 2nd. UFP Industries's payout ratio is 18.16%.

Analyst Ratings Changes

UFPI has been the topic of several research reports. StockNews.com upgraded shares of UFP Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. Wedbush reaffirmed an "outperform" rating and set a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.