MML Investors Services LLC Acquires Shares of 1,892 UFP Industries, Inc. (NASDAQ:UFPI)

MML Investors Services LLC bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,892 shares of the construction company’s stock, valued at approximately $248,000.

A number of other large investors have also modified their holdings of UFPI. UMB Bank n.a. boosted its position 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 last quarter. Headlands Technologies LLC acquired a new stake in UFP Industries in the 2nd quarter valued at about $29,000. Signaturefd LLC lifted its stake in UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after purchasing an additional 76 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of UFP Industries during the 3rd quarter worth approximately $70,000. Finally, GAMMA Investing LLC grew its position in shares of UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Trading Up 0.6 %

UFPI opened at $113.66 on Thursday. The business’s 50 day moving average price is $128.85 and its 200 day moving average price is $123.90. 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 $6.90 billion, a PE ratio of 15.63 and a beta of 1.41. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $141.33.

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, equities research analysts expect that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

Insider Transactions at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the transaction, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

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

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.