North Point Portfolio Managers Corp OH Sells 2,719 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

North Point Portfolio Managers Corp OH lowered its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 115,123 shares of the construction company’s stock after selling 2,719 shares during the quarter. UFP Industries accounts for 2.3% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 18th biggest holding. North Point Portfolio Managers Corp OH’s holdings in UFP Industries were worth $12,969,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after purchasing an additional 144 shares during the period. Signaturefd LLC increased its stake in UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in UFP Industries in the 3rd quarter valued at $70,000. GAMMA Investing LLC lifted its position in shares of UFP Industries by 25.8% during the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after acquiring an additional 132 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of UFP Industries during the 3rd quarter valued at $94,000. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $116.75 on Monday. UFP Industries, Inc. has a twelve month low of $107.25 and a twelve month high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $121.66 and its 200 day simple moving average is $124.20. The firm has a market capitalization of $7.09 billion, a PE ratio of 16.06 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.25). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the firm posted $2.10 earnings per share. On average, analysts anticipate that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the completion of the transaction, the chief executive officer now directly owns 314,450 shares in the company, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UFPI has been the subject of a number of analyst reports. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.