65,000 Shares in UFP Industries, Inc. $UFPI Bought by Gendell Jeffrey L

Gendell Jeffrey L purchased a new stake in UFP Industries, Inc. (NASDAQ:UFPI) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 65,000 shares of the construction company’s stock, valued at approximately $6,458,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UFPI. LPL Financial LLC lifted its stake in shares of UFP Industries by 1.6% in the first quarter. LPL Financial LLC now owns 16,678 shares of the construction company’s stock worth $1,785,000 after acquiring an additional 268 shares during the period. Deutsche Bank AG lifted its position in shares of UFP Industries by 47.1% in the 1st quarter. Deutsche Bank AG now owns 77,637 shares of the construction company’s stock worth $8,310,000 after purchasing an additional 24,872 shares during the period. Citigroup Inc. lifted its position in shares of UFP Industries by 10.7% in the 1st quarter. Citigroup Inc. now owns 126,631 shares of the construction company’s stock worth $13,555,000 after purchasing an additional 12,226 shares during the period. Invesco Ltd. boosted its stake in shares of UFP Industries by 0.5% in the 1st quarter. Invesco Ltd. now owns 655,041 shares of the construction company’s stock valued at $70,116,000 after purchasing an additional 3,430 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of UFP Industries during the first quarter worth $18,224,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $92.31 on Friday. The firm has a market capitalization of $5.38 billion, a P/E ratio of 17.06 and a beta of 1.49. The firm’s 50-day moving average price is $91.26 and its 200-day moving average price is $96.90. The company has a current ratio of 4.49, a quick ratio of 3.23 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1-year low of $87.11 and a 1-year high of $127.76.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). UFP Industries had a net margin of 5.00% and a return on equity of 10.18%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Equities research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. UFP Industries’s dividend payout ratio is presently 25.88%.

Insiders Place Their Bets

In other UFP Industries news, Director Michael G. Wooldridge sold 1,192 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $93.43, for a total transaction of $111,368.56. Following the transaction, the director owned 14,697 shares in the company, valued at approximately $1,373,140.71. This represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Matthew J. Missad sold 11,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $92.26, for a total transaction of $1,014,860.00. Following the completion of the transaction, the chairman directly owned 310,533 shares in the company, valued at $28,649,774.58. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UFPI has been the topic of several recent analyst reports. Stifel Nicolaus set a $98.00 target price on shares of UFP Industries in a report on Tuesday, December 2nd. DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $112.00 in a research report on Friday, October 31st. Zacks Research lowered UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, UFP Industries currently has an average rating of “Hold” and an average target price of $114.25.

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.