Kestra Investment Management LLC Acquires 670 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Kestra Investment Management LLC lifted its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 23.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,514 shares of the construction company’s stock after purchasing an additional 670 shares during the period. Kestra Investment Management LLC’s holdings in UFP Industries were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC lifted its holdings in UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after buying an additional 76 shares during the period. Principal Securities Inc. increased its holdings in shares of UFP Industries by 39.8% in the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after acquiring an additional 175 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of UFP Industries in the 3rd quarter worth $70,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of UFP Industries during the 3rd quarter worth $94,000. Finally, Millburn Ridgefield Corp bought a new stake in UFP Industries during the third quarter valued at about $140,000. 81.81% of the stock is currently owned by institutional investors.

Insider Activity at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction that occurred on Friday, December 13th. The shares were 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. The trade was a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the sale, the chief executive officer now owns 314,450 shares in the company, valued at $41,202,383.50. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $112.89 on Thursday. UFP Industries, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $141.33. The company has a market cap of $6.86 billion, a PE ratio of 15.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The business has a 50-day simple moving average of $115.46 and a two-hundred day simple moving average of $123.18.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. As a group, equities analysts expect that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.24%. UFP Industries’s payout ratio is 20.68%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wedbush reiterated an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. StockNews.com lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Benchmark restated a “buy” rating and issued a $135.00 target price on shares of UFP Industries in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries 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.