Acadian Asset Management LLC lifted its holdings in UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) by 60.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,851 shares of the construction company’s stock after purchasing an additional 7,469 shares during the quarter. Acadian Asset Management LLC’s holdings in UFP Industries were worth $1,823,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in shares of UFP Industries by 90.1% in the 4th quarter. First Horizon Advisors Inc. now owns 308 shares of the construction company’s stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Baystate Wealth Management LLC acquired a new stake in shares of UFP Industries in the 4th quarter worth $32,000. Ellevest Inc. acquired a new stake in shares of UFP Industries in the 4th quarter worth $32,000. Clearstead Advisors LLC acquired a new stake in shares of UFP Industries in the 3rd quarter worth $43,000. Finally, Quadrant Capital Group LLC boosted its position in shares of UFP Industries by 143.4% in the 4th quarter. Quadrant Capital Group LLC now owns 477 shares of the construction company’s stock worth $44,000 after purchasing an additional 281 shares in the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:UFPI opened at $80.08 on Wednesday. UFP Industries, Inc. has a 52 week low of $67.50 and a 52 week high of $94.80. The company has a quick ratio of 1.38, a current ratio of 2.74 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.02 billion, a PE ratio of 8.07 and a beta of 1.39. The stock’s 50-day moving average price is $79.68 and its 200-day moving average price is $83.61.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 31st. This is a boost from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. UFP Industries’s dividend payout ratio (DPR) is 8.06%.
In related news, CEO Matthew J. Missad sold 10,000 shares of UFP Industries stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $84.37, for a total value of $843,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Allen T. Peters sold 5,605 shares of UFP Industries stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $81.07, for a total value of $454,397.35. Following the completion of the sale, the chief operating officer now owns 147,709 shares in the company, valued at $11,974,768.63. The disclosure for this sale can be found here. Insiders have sold a total of 50,350 shares of company stock worth $4,185,632 over the last 90 days. Insiders own 3.74% of the company’s stock.
A number of equities analysts recently issued reports on the company. BMO Capital Markets raised their target price on UFP Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 26th. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Wedbush lifted their price objective on UFP Industries from $85.00 to $92.00 in a research note on Thursday, February 17th. Finally, DA Davidson lifted their price objective on UFP Industries from $93.00 to $105.00 in a research note on Monday, April 25th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, UFP Industries currently has an average rating of “Buy” and a consensus price target of $92.83.
About UFP Industries (Get Rating)
UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.
- Get a free copy of the StockNews.com research report on UFP Industries (UFPI)
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