UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 218.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287 shares of the construction company’s stock after purchasing an additional 197 shares during the quarter. SRS Capital Advisors Inc.’s holdings in UFP Industries were worth $36,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of UFP Industries during the 4th quarter worth about $27,000. GAMMA Investing LLC bought a new stake in UFP Industries during the fourth quarter worth approximately $30,000. Global Retirement Partners LLC lifted its position in UFP Industries by 46.2% in the fourth quarter. Global Retirement Partners LLC now owns 440 shares of the construction company’s stock worth $51,000 after purchasing an additional 139 shares during the period. Headlands Technologies LLC acquired a new position in shares of UFP Industries during the 3rd quarter valued at $59,000. Finally, Blue Trust Inc. lifted its holdings in shares of UFP Industries by 25.6% in the fourth quarter. Blue Trust Inc. now owns 594 shares of the construction company’s stock valued at $75,000 after buying an additional 121 shares during the period. Institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on UFPI. Stifel Nicolaus lifted their target price on UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Benchmark lowered their price objective on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Finally, Wedbush restated a “neutral” rating and set a $102.00 target price on shares of UFP Industries in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, UFP Industries presently has an average rating of “Moderate Buy” and a consensus target price of $113.20.

UFP Industries Trading Up 1.0 %

Shares of UFPI opened at $116.65 on Friday. The business’s 50-day moving average price is $115.89 and its 200 day moving average price is $113.89. The company has a current ratio of 4.79, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $7.18 billion, a P/E ratio of 14.51 and a beta of 1.47. UFP Industries, Inc. has a 1-year low of $77.47 and a 1-year high of $128.65.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.34. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 earnings per share. Analysts expect that UFP Industries, Inc. will post 7.37 earnings per share for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.13%. UFP Industries’s dividend payout ratio is 16.42%.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total transaction of $572,302.90. Following the completion of the sale, the chief executive officer now directly owns 363,328 shares in the company, valued at approximately $41,437,558.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.58% of the stock is owned by 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.