UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in UFP Industries, Inc. (NASDAQ:UFPI) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,411 shares of the construction company’s stock after selling 1,011 shares during the period. Amalgamated Bank owned approximately 0.06% of UFP Industries worth $4,446,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UFPI. NewEdge Wealth LLC bought a new position in shares of UFP Industries during the 4th quarter valued at about $3,046,000. American Century Companies Inc. boosted its holdings in UFP Industries by 42.2% during the third quarter. American Century Companies Inc. now owns 252,270 shares of the construction company’s stock worth $25,832,000 after buying an additional 74,852 shares in the last quarter. Van ECK Associates Corp grew its position in UFP Industries by 42.8% in the third quarter. Van ECK Associates Corp now owns 14,167 shares of the construction company’s stock worth $1,451,000 after buying an additional 4,246 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of UFP Industries by 257.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 17,438 shares of the construction company’s stock valued at $1,786,000 after buying an additional 12,553 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of UFP Industries by 133.2% during the 4th quarter. Raymond James & Associates now owns 188,154 shares of the construction company’s stock valued at $23,623,000 after acquiring an additional 107,477 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 5,018 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total value of $572,302.90. Following the sale, the chief executive officer now owns 363,328 shares in the company, valued at $41,437,558.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wedbush reaffirmed a “neutral” rating and set a $102.00 target price on shares of UFP Industries in a report on Thursday, February 22nd. StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Stifel Nicolaus boosted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Benchmark lowered their price target on UFP Industries from $137.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, UFP Industries currently has an average rating of “Moderate Buy” and a consensus target price of $113.20.

UFP Industries Price Performance

UFPI opened at $116.82 on Wednesday. UFP Industries, Inc. has a 1 year low of $77.47 and a 1 year high of $128.65. The stock has a fifty day moving average price of $116.09 and a 200 day moving average price of $114.31. The company has a current ratio of 4.79, a quick ratio of 3.37 and a debt-to-equity ratio of 0.07. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 14.53 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.34. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $1.98 EPS. UFP Industries’s revenue for the quarter was down 10.1% on a year-over-year basis. Analysts forecast that UFP Industries, Inc. will post 7.37 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, May 31st. UFP Industries’s dividend payout ratio (DPR) is currently 16.42%.

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.