UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in UFP Industries, Inc. (NASDAQ:UFPI) by 5.6% during the third quarter, Holdings Channel.com reports. The firm owned 9,760 shares of the construction company’s stock after acquiring an additional 521 shares during the period. Massachusetts Financial Services Co. MA’s holdings in UFP Industries were worth $1,281,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new stake in UFP Industries in the third quarter valued at $1,404,000. Jennison Associates LLC increased its holdings in shares of UFP Industries by 7.8% in the 3rd quarter. Jennison Associates LLC now owns 10,054 shares of the construction company’s stock valued at $1,319,000 after acquiring an additional 727 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of UFP Industries by 4.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 118,010 shares of the construction company’s stock worth $15,484,000 after acquiring an additional 4,579 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in UFP Industries during the third quarter worth approximately $2,057,000. Finally, J. W. Coons Advisors LLC boosted its holdings in UFP Industries by 5.4% in the third quarter. J. W. Coons Advisors LLC now owns 3,725 shares of the construction company’s stock valued at $489,000 after purchasing an additional 190 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Trading Down 1.7 %

NASDAQ UFPI opened at $135.26 on Thursday. The firm’s fifty day moving average is $131.39 and its two-hundred day moving average is $122.77. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $141.33. 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 firm has a market cap of $8.21 billion, a PE ratio of 18.63 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis. Analysts expect that UFP Industries, Inc. will post 6.89 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s dividend payout ratio is presently 18.16%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus lifted their price target on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wedbush restated an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. Benchmark lifted their target price on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets upped their target price on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Insider Activity at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.58% of the stock is currently owned by insiders.

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.