UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC cut its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 8.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,578 shares of the construction company’s stock after selling 250 shares during the period. Metis Global Partners LLC’s holdings in UFP Industries were worth $338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in shares of UFP Industries by 299.5% during the second quarter. Harbor Capital Advisors Inc. now owns 6,132 shares of the construction company’s stock worth $687,000 after purchasing an additional 4,597 shares in the last quarter. Acadian Asset Management LLC acquired a new position in UFP Industries in the 1st quarter worth $1,214,000. Hsbc Holdings PLC lifted its holdings in UFP Industries by 233.2% in the 2nd quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company’s stock worth $729,000 after buying an additional 4,595 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in UFP Industries by 0.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company’s stock valued at $90,857,000 after buying an additional 5,784 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of UFP Industries by 0.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company’s stock valued at $4,762,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets increased their price target on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Stifel Nicolaus increased their target price on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. Finally, Benchmark upped their price target on shares of UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $129.21 on Tuesday. The company has a market cap of $7.85 billion, a PE ratio of 17.77 and a beta of 1.39. The business’s 50 day moving average is $129.77 and its two-hundred day moving average is $122.14. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $139.54.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data 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). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business earned $2.10 earnings per share. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts predict that UFP Industries, Inc. will post 7.01 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

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.