Illinois Municipal Retirement Fund Sells 8,403 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Illinois Municipal Retirement Fund trimmed its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 29.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,416 shares of the construction company’s stock after selling 8,403 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in UFP Industries were worth $2,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in shares of UFP Industries during the fourth quarter worth $27,000. GAMMA Investing LLC bought a new stake in shares of UFP Industries during the fourth quarter worth $30,000. Rise Advisors LLC bought a new stake in shares of UFP Industries during the first quarter worth $33,000. Opal Wealth Advisors LLC bought a new stake in shares of UFP Industries during the first quarter worth $33,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of UFP Industries by 218.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock worth $36,000 after purchasing an additional 197 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Stock Performance

Shares of UFP Industries stock opened at $117.77 on Monday. The firm has a market cap of $7.27 billion, a P/E ratio of 14.65 and a beta of 1.41. The company has a current ratio of 4.79, a quick ratio of 3.37 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 12 month low of $90.62 and a 12 month high of $128.65. The stock’s fifty day moving average price is $115.58 and its 200-day moving average price is $116.12.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.62 by $0.34. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $1.98 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities research analysts expect that UFP Industries, Inc. will post 7.53 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.33 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.32 annualized dividend and a yield of 1.12%. UFP Industries’s dividend payout ratio (DPR) is presently 16.42%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Benchmark decreased their target price on UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.50.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, insider David A. Tutas sold 3,038 shares of UFP Industries stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $120.21, for a total value of $365,197.98. Following the transaction, the insider now owns 21,374 shares in the company, valued at $2,569,368.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other UFP Industries news, insider David A. Tutas sold 3,038 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $120.21, for a total value of $365,197.98. Following the completion of the sale, the insider now owns 21,374 shares of the company’s stock, valued at $2,569,368.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bruce A. Merino sold 16,472 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $117.88, for a total value of $1,941,719.36. Following the completion of the sale, the director now directly owns 7,107 shares of the company’s stock, valued at approximately $837,773.16. The disclosure for this sale can be found here. Insiders have sold 32,687 shares of company stock worth $3,831,653 over the last quarter. Insiders own 2.58% of the company’s stock.

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.