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

SRS Capital Advisors Inc. lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 218.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 287 shares of the construction company’s stock after acquiring an additional 197 shares during the period. SRS Capital Advisors Inc.’s holdings in UFP Industries were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in UFPI. Contravisory Investment Management Inc. purchased a new stake in shares of UFP Industries during the 4th quarter worth approximately $27,000. GAMMA Investing LLC purchased a new stake in UFP Industries in the fourth quarter valued at $30,000. Global Retirement Partners LLC boosted its stake in UFP Industries by 46.2% in the fourth quarter. Global Retirement Partners LLC now owns 440 shares of the construction company’s stock valued at $51,000 after acquiring an additional 139 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of UFP Industries during the third quarter worth about $59,000. Finally, Blue Trust Inc. grew its holdings in shares of UFP Industries by 25.6% during the fourth quarter. Blue Trust Inc. now owns 594 shares of the construction company’s stock worth $75,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UFP Industries Stock Up 1.0 %

UFP Industries stock opened at $116.65 on Friday. The stock has a 50 day moving average of $115.89 and a two-hundred day moving average of $113.89. UFP Industries, Inc. has a twelve month low of $77.47 and a twelve month high of $128.65. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 14.51 and a beta of 1.47. The company has a current ratio of 4.79, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.

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

UFP Industries Announces Dividend

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

Insider Activity

In related news, CEO Matthew J. Missad sold 5,018 shares of the 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.58% of the company’s stock.

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.