Sanctuary Advisors LLC Grows Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Sanctuary Advisors LLC grew its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 6.6% during the third quarter, HoldingsChannel reports. The firm owned 10,897 shares of the construction company’s stock after purchasing an additional 674 shares during the quarter. Sanctuary Advisors LLC’s holdings in UFP Industries were worth $1,450,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UFPI. Geode Capital Management LLC increased its stake in UFP Industries by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company’s stock valued at $200,553,000 after purchasing an additional 14,857 shares during the last quarter. Vestcor Inc increased its stake in shares of UFP Industries by 2.4% during the 3rd quarter. Vestcor Inc now owns 11,096 shares of the construction company’s stock valued at $1,456,000 after acquiring an additional 261 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of UFP Industries by 17.3% during the 3rd quarter. M&T Bank Corp now owns 3,029 shares of the construction company’s stock worth $397,000 after acquiring an additional 446 shares during the period. Barclays PLC boosted its position in shares of UFP Industries by 109.0% in the third quarter. Barclays PLC now owns 135,996 shares of the construction company’s stock worth $17,844,000 after acquiring an additional 70,927 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in UFP Industries in the third quarter valued at approximately $473,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Analysts Set New Price Targets

UFPI has been the topic of a number of recent analyst reports. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Wedbush reaffirmed an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, UFP Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

UFP Industries Price Performance

UFPI opened at $113.51 on Friday. UFP Industries, Inc. has a 52-week low of $107.49 and a 52-week high of $141.33. The company has a 50 day moving average of $130.73 and a two-hundred day moving average of $123.89. The company has a market cap of $6.89 billion, a P/E ratio of 15.61 and a beta of 1.41. 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 (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 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 analysts’ expectations of $1.76 billion. During the same period last year, the company posted $2.10 earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, analysts expect that UFP Industries, Inc. will post 6.88 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

Insiders Place Their Bets

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the transaction, the director now owns 61,140 shares in the company, valued at $7,739,712.60. The trade was a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were 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 owns 314,450 shares of the company’s stock, valued at $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by company insiders.

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.