Quantbot Technologies LP Raises Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Quantbot Technologies LP raised its position in UFP Industries, Inc. (NASDAQ:UFPI) by 44.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,061 shares of the construction company’s stock after purchasing an additional 2,175 shares during the period. Quantbot Technologies LP’s holdings in UFP Industries were worth $926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UFPI. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of UFP Industries by 0.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company’s stock worth $361,155,000 after buying an additional 28,601 shares in the last quarter. FMR LLC raised its holdings in UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after acquiring an additional 193,891 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in UFP Industries by 3.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company’s stock worth $116,467,000 after purchasing an additional 32,555 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of UFP Industries by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock worth $101,011,000 after purchasing an additional 4,006 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of UFP Industries by 22.7% in the second quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock valued at $67,594,000 after purchasing an additional 112,518 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Price Performance

UFPI stock opened at $135.90 on Monday. UFP Industries, Inc. has a 52-week low of $107.49 and a 52-week 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. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 18.69 and a beta of 1.39. The business has a fifty day moving average of $131.68 and a two-hundred day moving average of $123.07.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business posted $2.10 earnings per share. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, research analysts anticipate that UFP Industries, Inc. will post 6.88 earnings per share for the current year.

UFP Industries Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wedbush reiterated an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.00.

Insider Buying and Selling

In related news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was 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 in the company, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

About UFP Industries

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.