Yousif Capital Management LLC Sells 554 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Yousif Capital Management LLC decreased its position in UFP Industries, Inc. (NASDAQ:UFPI) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,439 shares of the construction company’s stock after selling 554 shares during the period. Yousif Capital Management LLC’s holdings in UFP Industries were worth $3,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UFPI. Contravisory Investment Management Inc. purchased a new stake in UFP Industries in the 4th quarter worth about $27,000. GAMMA Investing LLC bought a new stake in shares of UFP Industries in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC lifted its stake in shares of UFP Industries by 46.2% during the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the construction company’s stock valued at $51,000 after buying an additional 139 shares in the last quarter. Headlands Technologies LLC bought a new position in UFP Industries in the 3rd quarter worth approximately $59,000. Finally, Blue Trust Inc. grew its stake in UFP Industries by 25.6% in the 4th quarter. Blue Trust Inc. now owns 594 shares of the construction company’s stock valued at $75,000 after buying an additional 121 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

UFP Industries Stock Up 1.0 %

Shares of NASDAQ UFPI opened at $113.64 on Friday. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $115.66 and a 200-day moving average of $113.31. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 14.10 and a beta of 1.49. UFP Industries, Inc. has a 12 month low of $76.08 and a 12 month high of $128.65.

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

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.32 annualized dividend and a dividend yield of 1.16%. UFP Industries’s dividend payout ratio is 16.38%.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total transaction of $572,302.90. Following the transaction, the chief executive officer now directly owns 363,328 shares in the company, valued at $41,437,558.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UFPI shares. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Wedbush reiterated a “neutral” rating and set a $102.00 price target on shares of UFP Industries in a research report on Thursday, February 22nd. Stifel Nicolaus raised their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Benchmark boosted their price objective on shares of UFP Industries from $120.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

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.