UFP Industries, Inc. (NASDAQ:UFPI) is Henrickson Nauta Wealth Advisors Inc.’s 2nd Largest Position

Henrickson Nauta Wealth Advisors Inc. trimmed its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 217,414 shares of the construction company’s stock after selling 23,561 shares during the period. UFP Industries accounts for 10.0% of Henrickson Nauta Wealth Advisors Inc.’s holdings, making the stock its 2nd largest position. Henrickson Nauta Wealth Advisors Inc.’s holdings in UFP Industries were worth $24,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UFPI. UMB Bank n.a. boosted its stake in shares of UFP Industries by 300.0% in the 3rd 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. Headlands Technologies LLC purchased a new position in shares of UFP Industries in the 2nd quarter valued at about $29,000. Signaturefd LLC boosted its stake in shares of UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after buying an additional 76 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of UFP Industries in the 3rd quarter valued at about $70,000. Finally, GAMMA Investing LLC boosted its stake in shares of UFP Industries by 25.8% in the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after buying an additional 132 shares during the period. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UFPI has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com upgraded UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

UFP Industries Trading Up 1.3 %

UFPI opened at $114.59 on Wednesday. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 15.76 and a beta of 1.45. UFP Industries, Inc. has a 52 week low of $107.25 and a 52 week high of $141.33. The business’s 50 day moving average is $124.48 and its two-hundred day moving average is $123.72. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm earned $2.10 EPS. On average, research analysts predict that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.15%. The ex-dividend date was Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

Insiders Place Their Bets

In other news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $126.59, for a total value of $721,563.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Missad sold 15,000 shares of the business’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 value of $1,965,450.00. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. 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.