Planned Solutions Inc. Buys Shares of 700 UFP Industries, Inc. (NASDAQ:UFPI)

Planned Solutions Inc. purchased a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 700 shares of the construction company’s stock, valued at approximately $88,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in UFP Industries during the 4th quarter worth approximately $27,000. Advisors Asset Management Inc. purchased a new stake in shares of UFP Industries during the third quarter valued at $28,000. Stonebridge Capital Advisors LLC acquired a new position in shares of UFP Industries in the 2nd quarter valued at $44,000. Ronald Blue Trust Inc. lifted its position in UFP Industries by 64.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 473 shares of the construction company’s stock worth $46,000 after acquiring an additional 185 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in UFP Industries during the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Insiders Place Their Bets

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

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $121.79 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.41 and a quick ratio of 3.12. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 15.11 and a beta of 1.48. The firm’s 50 day simple moving average is $115.58 and its 200-day simple moving average is $111.16. UFP Industries, Inc. has a 12 month low of $75.65 and a 12 month high of $128.65.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.06). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 EPS. Analysts expect that UFP Industries, Inc. will post 7.39 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.33 dividend. This is a boost from UFP Industries’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a yield of 1.08%. UFP Industries’s dividend payout ratio is presently 16.38%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UFPI. StockNews.com raised UFP Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 19th. Wedbush reaffirmed a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Stifel Nicolaus increased their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Benchmark boosted their target price on shares of UFP Industries from $120.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.00.

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.