Hantz Financial Services Inc. Sells 377 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Hantz Financial Services Inc. trimmed its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,280 shares of the construction company’s stock after selling 377 shares during the quarter. Hantz Financial Services Inc.’s holdings in UFP Industries were worth $2,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after acquiring an additional 144 shares during the period. Signaturefd LLC lifted its stake 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 purchasing an additional 76 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in UFP Industries during the third quarter valued at $70,000. GAMMA Investing LLC increased its position in UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock worth $84,000 after buying an additional 132 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of UFP Industries in the third quarter valued at $94,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Performance

Shares of UFPI opened at $118.32 on Friday. UFP Industries, Inc. has a 52-week low of $107.25 and a 52-week high of $141.33. The stock’s 50-day simple moving average is $120.71 and its 200 day simple moving average is $124.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 16.28 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 earnings per share. Research analysts forecast that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UFPI shares. Wedbush reiterated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Insider Buying and Selling

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $126.59, for a total value of $721,563.00. Following the transaction, the director now directly owns 61,140 shares in the company, valued at $7,739,712.60. This represents a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew J. Missad sold 15,000 shares of UFP Industries stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the sale, the chief executive officer now owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is currently 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.