Northwest & Ethical Investments L.P. Grows Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Northwest & Ethical Investments L.P. lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 10.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,375 shares of the construction company’s stock after acquiring an additional 225 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in UFP Industries were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. grew its position in shares of UFP Industries by 300.0% during the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of UFP Industries in the 2nd quarter valued at about $29,000. Signaturefd LLC boosted its position in shares of UFP Industries by 31.8% during the 3rd 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. Triad Wealth Partners LLC purchased a new stake in UFP Industries in the second quarter valued at approximately $56,000. Finally, GAMMA Investing LLC lifted its position in UFP Industries by 84.2% during the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after purchasing an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $135.90 on Friday. The firm’s 50 day moving average price is $131.68 and its 200-day moving average price is $123.06. The stock has a market capitalization of $8.25 billion, a PE ratio of 18.69 and a beta of 1.39. UFP Industries, Inc. has a twelve month low of $107.49 and a twelve month high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last posted its quarterly 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). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the firm posted $2.10 earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. Equities research analysts expect that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio is currently 18.16%.

Wall Street Analyst Weigh In

UFPI has been the subject of several research reports. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 15,000 shares of UFP Industries stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total transaction 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. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.58% of the stock is owned by insiders.

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.