24,131 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 24,131 shares of the construction company’s stock, valued at approximately $3,030,000.

A number of other institutional investors have also recently bought and sold shares of UFPI. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of UFP Industries by 716.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,561,285 shares of the construction company’s stock worth $159,876,000 after acquiring an additional 1,370,105 shares during the period. Northern Trust Corp lifted its holdings in shares of UFP Industries by 0.9% in the third quarter. Northern Trust Corp now owns 1,111,025 shares of the construction company’s stock valued at $113,769,000 after purchasing an additional 10,326 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of UFP Industries by 31.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 749,259 shares of the construction company’s stock worth $76,724,000 after buying an additional 179,323 shares during the period. AQR Capital Management LLC boosted its position in shares of UFP Industries by 93.0% during the third quarter. AQR Capital Management LLC now owns 679,139 shares of the construction company’s stock worth $69,544,000 after buying an additional 327,220 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of UFP Industries by 24.8% during the third quarter. Invesco Ltd. now owns 381,171 shares of the construction company’s stock worth $39,032,000 after buying an additional 75,711 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on UFPI shares. Wedbush reaffirmed a “neutral” rating and set a $102.00 price target on shares of UFP Industries in a research report on Thursday, February 22nd. Stifel Nicolaus increased their target price on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Benchmark reduced their price objective on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.20.

UFP Industries Stock Up 1.0 %

UFPI traded up $1.16 during trading on Friday, reaching $116.65. 187,885 shares of the stock were exchanged, compared to its average volume of 287,375. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 4.79. The stock’s 50 day moving average price is $115.89 and its two-hundred day moving average price is $113.89. UFP Industries, Inc. has a twelve month low of $77.47 and a twelve month high of $128.65. The stock has a market cap of $7.18 billion, a P/E ratio of 14.51 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.34. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business earned $1.98 EPS. UFP Industries’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities analysts expect that UFP Industries, Inc. will post 7.37 EPS for the current year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.33 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.13%. UFP Industries’s payout ratio is 16.42%.

Insider Transactions at UFP Industries

In related news, CEO Matthew J. Missad sold 5,018 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the sale, the chief executive officer now owns 363,328 shares in the company, valued at approximately $41,437,558.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

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.