Markel Group Inc. Acquires 10,000 Shares of UFP Industries, Inc. $UFPI

Markel Group Inc. boosted its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 250.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,000 shares of the construction company’s stock after acquiring an additional 10,000 shares during the period. Markel Group Inc.’s holdings in UFP Industries were worth $1,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UFPI. GAMMA Investing LLC grew its holdings in shares of UFP Industries by 15.0% during the third quarter. GAMMA Investing LLC now owns 1,004 shares of the construction company’s stock valued at $78,000 after purchasing an additional 131 shares during the last quarter. Root Financial Partners LLC raised its position in shares of UFP Industries by 86.0% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock worth $29,000 after purchasing an additional 148 shares during the period. World Investment Advisors lifted its holdings in shares of UFP Industries by 5.8% in the 1st quarter. World Investment Advisors now owns 3,171 shares of the construction company’s stock worth $292,000 after purchasing an additional 175 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of UFP Industries by 3.6% in the 1st quarter. Cetera Investment Advisers now owns 5,593 shares of the construction company’s stock worth $515,000 after purchasing an additional 194 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of UFP Industries by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 14,000 shares of the construction company’s stock worth $1,290,000 after purchasing an additional 200 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

NASDAQ UFPI opened at $81.16 on Wednesday. The company has a 50-day moving average price of $80.48 and a two-hundred day moving average price of $89.46. UFP Industries, Inc. has a 52 week low of $73.72 and a 52 week high of $118.00. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 19.70 and a beta of 1.14. The company has a current ratio of 3.86, a quick ratio of 2.58 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.15). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.60 billion. UFP Industries had a net margin of 3.61% and a return on equity of 7.53%. Analysts forecast that UFP Industries, Inc. will post 4.26 EPS for the current year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.44 annualized dividend and a yield of 1.8%. UFP Industries’s payout ratio is presently 34.95%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Stifel Nicolaus set a $85.00 target price on UFP Industries and gave the stock a “hold” rating in a research report on Monday, October 26th. DA Davidson reaffirmed a “buy” rating and issued a $105.00 target price on shares of UFP Industries in a research report on Tuesday, October 27th. Oppenheimer started coverage on UFP Industries in a research note on Wednesday, September 30th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings downgraded shares of UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, October 12th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, UFP Industries currently has an average rating of “Hold” and a consensus target price of $103.25.

About UFP Industries

UFP Industries, Inc is a diversified manufacturer and distributor of wood, composite and other products serving the retail, construction and industrial markets. The company supplies materials and components used in outdoor living, residential and commercial construction, manufactured housing, packaging and a range of industrial applications.

Its products include treated lumber, decking, fencing, landscaping products, roof trusses, wall panels, wood components, pallets, crates, specialty packaging and other custom-engineered products.