Northwest & Ethical Investments L.P. Has $312,000 Position in UFP Industries, Inc. (NASDAQ:UFPI)

Northwest & Ethical Investments L.P. increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,375 shares of the construction company’s stock after acquiring an additional 225 shares during the period. Northwest & Ethical Investments L.P.’s holdings in UFP Industries were worth $312,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UFPI. UMB Bank n.a. boosted its position in shares of 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 buying an additional 144 shares during the period. Headlands Technologies LLC acquired a new stake in shares of UFP Industries in the second quarter valued at approximately $29,000. Signaturefd LLC boosted its holdings in 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 purchasing an additional 76 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in UFP Industries in the 2nd quarter valued at $56,000. Finally, GAMMA Investing LLC lifted its position in UFP Industries by 84.2% during the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after buying an additional 234 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Trading Up 0.5 %

Shares of NASDAQ UFPI opened at $135.90 on Friday. The stock has a market cap of $8.25 billion, a P/E ratio of 18.69 and a beta of 1.39. The firm has a 50 day moving average price of $131.68 and a two-hundred day moving average price of $123.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. UFP Industries, Inc. has a 52-week low of $107.49 and a 52-week high of $141.33.

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 analysts’ consensus estimates of $1.89 by ($0.25). The firm had revenue of $1.65 billion during 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%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.10 earnings per share. As a group, equities analysts forecast that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Announces Dividend

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

Insider Activity at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.58% of the stock is 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.