AdvisorShares Investments LLC Makes New Investment in UFP Industries, Inc. (NASDAQ:UFPI)

AdvisorShares Investments LLC acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPIFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,053 shares of the construction company’s stock, valued at approximately $509,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Contravisory Investment Management Inc. bought a new position in UFP Industries during the fourth quarter valued at about $27,000. GAMMA Investing LLC acquired a new position in shares of UFP Industries in the fourth quarter valued at $30,000. SRS Capital Advisors Inc. lifted its position in UFP Industries by 218.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock worth $36,000 after purchasing an additional 197 shares during the period. Eagle Bay Advisors LLC bought a new stake in UFP Industries in the 4th quarter valued at $49,000. Finally, Global Retirement Partners LLC increased its holdings in UFP Industries by 46.2% in the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the construction company’s stock valued at $51,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 5,018 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total transaction of $572,302.90. Following the sale, the chief executive officer now directly owns 363,328 shares of the company’s stock, valued at $41,437,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other UFP Industries news, Director Bruce A. Merino sold 16,472 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $117.88, for a total transaction of $1,941,719.36. Following the completion of the sale, the director now directly owns 7,107 shares of the company’s stock, valued at approximately $837,773.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Missad sold 5,018 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total transaction of $572,302.90. Following the transaction, the chief executive officer now owns 363,328 shares in the company, valued at $41,437,558.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,980 shares of company stock valued at $3,052,415. Insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

UFPI has been the subject of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Benchmark dropped their target price on UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Stifel Nicolaus increased their price objective on UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UFP Industries has a consensus rating of “Moderate Buy” and a consensus price target of $116.50.

Get Our Latest Report on UFPI

UFP Industries Price Performance

Shares of UFPI traded down $1.39 on Friday, hitting $113.80. The company’s stock had a trading volume of 236,093 shares, compared to its average volume of 272,696. The company has a market capitalization of $7.03 billion, a PE ratio of 14.21 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.79 and a quick ratio of 3.37. UFP Industries, Inc. has a fifty-two week low of $87.13 and a fifty-two week high of $128.65. The company has a 50 day moving average price of $117.08 and a 200 day moving average price of $116.83.

UFP Industries (NASDAQ:UFPIGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The business’s revenue was down 10.1% on a year-over-year basis. On average, research analysts anticipate that UFP Industries, Inc. will post 7.53 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Monday, June 3rd. UFP Industries’s payout ratio is presently 16.42%.

UFP Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UFP Industries (NASDAQ:UFPI)

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