Barclays PLC Buys 70,927 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Barclays PLC boosted its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 109.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 135,996 shares of the construction company’s stock after acquiring an additional 70,927 shares during the quarter. Barclays PLC’s holdings in UFP Industries were worth $17,844,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in 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 last quarter. Headlands Technologies LLC bought a new stake in UFP Industries during the 2nd quarter worth about $29,000. Signaturefd LLC boosted its stake in shares of 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 buying an additional 76 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of UFP Industries in the 3rd quarter valued at about $70,000. Finally, GAMMA Investing LLC increased its position in shares of UFP Industries by 25.8% in the third 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 last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Matthew J. Missad sold 15,000 shares of UFP Industries stock in a transaction that occurred 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 directly owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.58% of the stock is currently owned by insiders.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $126.86 on Friday. 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 business’s 50 day moving average price is $131.93 and its two-hundred day moving average price is $123.90. The company has a market cap of $7.70 billion, a PE ratio of 17.45 and a beta of 1.41. UFP Industries, Inc. has a twelve month low of $107.49 and a twelve month high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its 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 return on equity of 14.45% and a net margin of 6.70%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. On average, analysts predict that UFP Industries, Inc. will post 6.88 EPS for the current year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s dividend payout ratio is presently 18.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.