UFP Industries, Inc. (NASDAQ:UFPI) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its position in UFP Industries, Inc. (NASDAQ:UFPI) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,476 shares of the construction company’s stock after acquiring an additional 3,973 shares during the quarter. Nordea Investment Management AB owned approximately 0.18% of UFP Industries worth $12,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arizona State Retirement System increased its stake in UFP Industries by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 17,226 shares of the construction company’s stock worth $1,929,000 after buying an additional 238 shares during the period. Acadian Asset Management LLC increased its position in shares of UFP Industries by 33.4% during the second quarter. Acadian Asset Management LLC now owns 13,177 shares of the construction company’s stock worth $1,473,000 after acquiring an additional 3,300 shares during the period. Choreo LLC purchased a new position in UFP Industries in the second quarter valued at $218,000. Headlands Technologies LLC purchased a new stake in UFP Industries during the 2nd quarter worth about $29,000. Finally, American Century Companies Inc. raised its position in UFP Industries by 9.9% in the 2nd quarter. American Century Companies Inc. now owns 223,108 shares of the construction company’s stock valued at $24,988,000 after purchasing an additional 20,123 shares in the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Stock Up 0.4 %

UFPI stock opened at $109.93 on Thursday. The stock has a market cap of $6.68 billion, a P/E ratio of 15.12 and a beta of 1.45. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a twelve month low of $107.49 and a twelve month high of $141.33. The company’s 50 day moving average is $125.22 and its two-hundred day moving average is $123.65.

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

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, December 2nd. UFP Industries’s dividend payout ratio is currently 18.16%.

Insider Activity

In other news, Director William G. Currie sold 5,700 shares of the stock in a transaction dated 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 owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total value of $1,965,450.00. Following the sale, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on UFPI shares. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.