De Lisle Partners LLP Acquires 14,500 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

De Lisle Partners LLP increased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 28.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,054 shares of the construction company’s stock after acquiring an additional 14,500 shares during the quarter. UFP Industries comprises about 1.4% of De Lisle Partners LLP’s investment portfolio, making the stock its 16th largest holding. De Lisle Partners LLP’s holdings in UFP Industries were worth $8,665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UFPI. FORA Capital LLC increased its stake in UFP Industries by 43.8% during the 3rd quarter. FORA Capital LLC now owns 3,715 shares of the construction company’s stock worth $487,000 after acquiring an additional 1,131 shares during the period. Quantbot Technologies LP lifted its position in shares of UFP Industries by 44.5% during the 3rd quarter. Quantbot Technologies LP now owns 7,061 shares of the construction company’s stock worth $926,000 after buying an additional 2,175 shares during the last quarter. FMR LLC lifted its stake in UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after purchasing an additional 193,891 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of UFP Industries by 22.3% in the third quarter. Fisher Asset Management LLC now owns 283,806 shares of the construction company’s stock valued at $37,238,000 after buying an additional 51,809 shares during the period. Finally, Cerity Partners LLC raised its holdings in UFP Industries by 194.1% in the 3rd quarter. Cerity Partners LLC now owns 6,332 shares of the construction company’s stock valued at $831,000 after buying an additional 4,179 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

UFPI has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. BMO Capital Markets lifted their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Benchmark raised their price objective on shares of UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Insider Activity

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 314,450 shares in the company, valued at $41,202,383.50. This trade represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.58% of the company’s stock.

UFP Industries Stock Down 1.7 %

UFPI stock opened at $135.26 on Thursday. The stock has a fifty day moving average of $131.39 and a 200-day moving average of $122.77. UFP Industries, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $141.33. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 18.61 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data 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). The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 earnings per share. As a group, equities research analysts predict that UFP Industries, Inc. will post 6.89 earnings per share for the current year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. UFP Industries’s dividend payout ratio is currently 18.16%.

About UFP Industries

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.