Fifth Third Bancorp trimmed its position in shares of UFP Industries, Inc. (NASDAQ:UFPI – Free Report) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,409 shares of the construction company’s stock after selling 421 shares during the period. Fifth Third Bancorp’s holdings in UFP Industries were worth $835,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of UFPI. Signaturefd LLC raised its stake in shares of UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares in the last quarter. Kingsview Wealth Management LLC raised its position in UFP Industries by 1.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company’s stock worth $822,000 after purchasing an additional 113 shares during the period. GAMMA Investing LLC lifted its stake in UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock worth $84,000 after purchasing an additional 132 shares during the last quarter. 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 valued at $25,000 after buying an additional 144 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of UFP Industries by 2.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 6,649 shares of the construction company’s stock valued at $872,000 after buying an additional 175 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.
Insider Buying and Selling at UFP Industries
In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the transaction, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. This 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 the SEC website. Also, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the transaction, the director now owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on UFPI
UFP Industries Stock Down 0.9 %
NASDAQ UFPI opened at $115.78 on Thursday. The business’s 50-day moving average is $120.96 and its 200 day moving average is $124.15. The stock has a market capitalization of $7.03 billion, a PE ratio of 15.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. UFP Industries, Inc. has a 1 year low of $107.25 and a 1 year high of $141.33.
UFP Industries (NASDAQ:UFPI – Get Free Report) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. UFP Industries’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.10 EPS. Sell-side analysts forecast that UFP Industries, Inc. will post 6.88 earnings per share for the current year.
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.
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