UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lowered its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 15.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,123 shares of the construction company’s stock after selling 948 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in UFP Industries were worth $577,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in UFP Industries by 233.2% in the second quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company’s stock valued at $729,000 after buying an additional 4,595 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock worth $82,847,000 after acquiring an additional 60,859 shares during the last quarter. Citigroup Inc. boosted its position in shares of UFP Industries by 50.7% during the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock worth $15,670,000 after purchasing an additional 40,162 shares during the period. Seizert Capital Partners LLC increased its holdings in UFP Industries by 85.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company’s stock valued at $4,543,000 after purchasing an additional 15,958 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in UFP Industries by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock valued at $101,011,000 after purchasing an additional 4,006 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UFPI shares. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. 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 presently has an average rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Trading Down 0.2 %

NASDAQ:UFPI opened at $116.76 on Friday. UFP Industries, Inc. has a 12-month low of $107.25 and a 12-month high of $141.33. The firm has a market cap of $7.09 billion, a PE ratio of 16.06 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. The stock has a fifty day moving average price of $123.19 and a 200 day moving average price of $123.69.

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

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.33 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.13%. UFP Industries’s payout ratio is 18.16%.

Insider Transactions at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the sale, the director now owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. This trade represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company’s stock.

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.