Duality Advisers LP Makes New Investment in UFP Industries, Inc. (NASDAQ:UFPI)

Duality Advisers LP purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI) during the 4th quarter, Holdings Channel reports. The firm purchased 2,543 shares of the construction company’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewEdge Wealth LLC acquired a new stake in UFP Industries in the 4th quarter worth $3,046,000. American Century Companies Inc. grew its position in UFP Industries by 42.2% in the 3rd quarter. American Century Companies Inc. now owns 252,270 shares of the construction company’s stock worth $25,832,000 after purchasing an additional 74,852 shares during the last quarter. Van ECK Associates Corp grew its position in UFP Industries by 42.8% in the 3rd quarter. Van ECK Associates Corp now owns 14,167 shares of the construction company’s stock worth $1,451,000 after purchasing an additional 4,246 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in UFP Industries by 257.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 17,438 shares of the construction company’s stock worth $1,786,000 after purchasing an additional 12,553 shares during the last quarter. Finally, Raymond James & Associates grew its position in UFP Industries by 133.2% in the 4th quarter. Raymond James & Associates now owns 188,154 shares of the construction company’s stock worth $23,623,000 after purchasing an additional 107,477 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total value of $572,302.90. Following the completion of the transaction, the chief executive officer now directly owns 363,328 shares of the company’s stock, valued at $41,437,558.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Benchmark raised their price objective on shares of UFP Industries from $120.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus raised their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Wedbush reaffirmed a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, UFP Industries currently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

UFP Industries Trading Up 1.0 %

Shares of UFPI stock opened at $113.64 on Friday. UFP Industries, Inc. has a 12-month low of $76.08 and a 12-month high of $128.65. The company has a market capitalization of $6.99 billion, a P/E ratio of 14.10 and a beta of 1.49. The firm has a 50-day moving average price of $115.76 and a 200 day moving average price of $113.22. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.06). UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business earned $2.10 earnings per share. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. Research analysts forecast that UFP Industries, Inc. will post 7.4 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.33 per share. This is an increase from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.32 annualized dividend and a yield of 1.16%. The ex-dividend date was Thursday, February 29th. UFP Industries’s dividend payout ratio (DPR) is currently 16.38%.

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.