UFP Industries, Inc. (NASDAQ:UFPI) COO Sells $2,540,077.08 in Stock

UFP Industries, Inc. (NASDAQ:UFPIGet Rating) COO Patrick M. Webster sold 27,996 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $90.73, for a total transaction of $2,540,077.08. Following the sale, the chief operating officer now directly owns 236,055 shares in the company, valued at approximately $21,417,270.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $88.47 on Friday. The firm’s fifty day moving average price is $75.59 and its 200 day moving average price is $78.47. UFP Industries, Inc. has a 1-year low of $64.13 and a 1-year high of $94.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.88 and a quick ratio of 1.54. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 8.53 and a beta of 1.53.

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a $0.25 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. UFP Industries’s dividend payout ratio (DPR) is 9.64%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UFPI. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Wedbush lifted their target price on shares of UFP Industries to $108.00 in a report on Friday, July 22nd. Stifel Nicolaus lifted their target price on shares of UFP Industries from $95.00 to $100.00 in a report on Friday, July 22nd. Benchmark lifted their target price on shares of UFP Industries to $110.00 in a report on Monday, July 25th. Finally, DA Davidson lifted their target price on shares of UFP Industries from $90.00 to $101.00 in a report on Friday, July 22nd.

Hedge Funds Weigh In On UFP Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of UFPI. Van ECK Associates Corp grew its position in UFP Industries by 15.6% in the 4th quarter. Van ECK Associates Corp now owns 1,501 shares of the construction company’s stock valued at $138,000 after buying an additional 203 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of UFP Industries during the 4th quarter worth $21,102,000. D.A. Davidson & CO. boosted its position in shares of UFP Industries by 3.5% during the 4th quarter. D.A. Davidson & CO. now owns 8,875 shares of the construction company’s stock worth $817,000 after purchasing an additional 300 shares in the last quarter. CWM LLC purchased a new stake in shares of UFP Industries during the 4th quarter worth $621,000. Finally, Xponance Inc. purchased a new stake in shares of UFP Industries during the 4th quarter worth $262,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

About UFP Industries

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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.

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