Loomis Sayles & Co. L P Lowers Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Loomis Sayles & Co. L P decreased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 270,574 shares of the construction company’s stock after selling 4,062 shares during the period. Loomis Sayles & Co. L P owned 0.45% of UFP Industries worth $35,502,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. BOKF NA increased its position in UFP Industries by 108.0% during the 1st quarter. BOKF NA now owns 3,224 shares of the construction company’s stock valued at $387,000 after buying an additional 1,674 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of UFP Industries by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company’s stock valued at $90,857,000 after acquiring an additional 5,784 shares in the last quarter. Tidal Investments LLC raised its position in shares of UFP Industries by 9.6% in the 1st quarter. Tidal Investments LLC now owns 17,499 shares of the construction company’s stock worth $2,153,000 after purchasing an additional 1,534 shares during the last quarter. GAMMA Investing LLC boosted its stake in UFP Industries by 84.2% in the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after purchasing an additional 234 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in UFP Industries by 299.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,132 shares of the construction company’s stock valued at $687,000 after purchasing an additional 4,597 shares during the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UFPI. Benchmark increased their price target on shares of UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets upped their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price objective on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.00.

UFP Industries Trading Up 4.5 %

Shares of NASDAQ:UFPI opened at $139.02 on Tuesday. The stock’s 50-day simple moving average is $131.16 and its two-hundred day simple moving average is $122.63. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 19.12 and a beta of 1.39. UFP Industries, Inc. has a 52-week low of $107.49 and a 52-week high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company’s revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 EPS. Analysts expect that UFP Industries, Inc. will post 6.89 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.95%. UFP Industries’s payout ratio is currently 18.16%.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 314,450 shares in the company, valued at $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

UFP Industries Company 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.