Hantz Financial Services Inc. Cuts Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Hantz Financial Services Inc. lessened its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,280 shares of the construction company’s stock after selling 377 shares during the quarter. Hantz Financial Services Inc.’s holdings in UFP Industries were worth $2,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of UFP Industries by 62.1% during the fourth quarter. Blue Trust Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after buying an additional 688 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in UFP Industries by 15.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,903 shares of the construction company’s stock worth $890,000 after acquiring an additional 1,074 shares during the last quarter. Argent Capital Management LLC increased its stake in UFP Industries by 35.8% in the 4th quarter. Argent Capital Management LLC now owns 12,306 shares of the construction company’s stock worth $1,386,000 after purchasing an additional 3,241 shares during the period. Park Avenue Securities LLC increased its stake in UFP Industries by 21.2% in the 4th quarter. Park Avenue Securities LLC now owns 2,085 shares of the construction company’s stock worth $235,000 after purchasing an additional 365 shares during the period. Finally, Nordea Investment Management AB lifted its position in UFP Industries by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 109,476 shares of the construction company’s stock valued at $12,331,000 after purchasing an additional 3,973 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on UFPI. Wedbush reaffirmed 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 raised shares of UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Stock Up 2.2 %

Shares of UFP Industries stock opened at $118.32 on Friday. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 12-month low of $107.25 and a 12-month high of $141.33. The company has a market cap of $7.18 billion, a P/E ratio of 16.28 and a beta of 1.45. The company’s fifty day simple moving average is $120.71 and its two-hundred day simple moving average is $124.10.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. UFP Industries’s quarterly revenue was down 9.8% compared to the same quarter last year. Research analysts anticipate that UFP Industries, Inc. will post 6.88 EPS for the current year.

Insider Buying and Selling at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of UFP Industries 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 sale, the chief executive officer now directly owns 314,450 shares in the company, valued at $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William G. Currie sold 5,700 shares of the stock in a transaction 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 completion of the transaction, the director now owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. This trade represents 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.

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.