FORA Capital LLC Increases Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

FORA Capital LLC grew its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 43.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,715 shares of the construction company’s stock after acquiring an additional 1,131 shares during the quarter. FORA Capital LLC’s holdings in UFP Industries were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. UMB Bank n.a. boosted its holdings in UFP Industries by 300.0% in the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of UFP Industries in the 2nd quarter valued at $29,000. Signaturefd LLC grew its position 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 last quarter. Triad Wealth Partners LLC acquired a new stake in UFP Industries during the 2nd quarter worth $56,000. Finally, GAMMA Investing LLC lifted its position in UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Down 1.7 %

UFPI opened at $135.26 on Friday. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $141.33. The business has a 50 day moving average price of $131.53 and a two-hundred day moving average price of $122.86. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The company has a market cap of $8.21 billion, a PE ratio of 18.61 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). The company 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%. UFP Industries’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 business earned $2.10 earnings per share. As a group, research analysts anticipate 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 will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.98%. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

Insider Buying and Selling

In related news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UFPI has been the subject of several research reports. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

UFP Industries Company 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.