Graham Capital Management L.P. Increases Position in UFP Industries, Inc. (NASDAQ:UFPI)

Graham Capital Management L.P. grew its holdings in UFP Industries, Inc. (NASDAQ:UFPIGet Rating) by 303.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 15,848 shares of the construction company’s stock after acquiring an additional 11,917 shares during the quarter. Graham Capital Management L.P.’s holdings in UFP Industries were worth $1,222,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in UFPI. BlackRock Inc. raised its holdings in shares of UFP Industries by 5.6% in the first quarter. BlackRock Inc. now owns 10,141,362 shares of the construction company’s stock valued at $782,507,000 after buying an additional 541,090 shares during the last quarter. Millennium Management LLC raised its holdings in shares of UFP Industries by 421.2% in the fourth quarter. Millennium Management LLC now owns 312,415 shares of the construction company’s stock valued at $28,745,000 after buying an additional 252,473 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of UFP Industries in the first quarter valued at about $14,028,000. Renaissance Technologies LLC raised its holdings in shares of UFP Industries by 256.1% in the first quarter. Renaissance Technologies LLC now owns 177,009 shares of the construction company’s stock valued at $13,658,000 after buying an additional 127,300 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of UFP Industries by 70.8% in the first quarter. First Trust Advisors LP now owns 228,794 shares of the construction company’s stock valued at $17,654,000 after buying an additional 94,861 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at UFP Industries

In other UFP Industries news, CFO Michael R. Cole sold 3,554 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $84.57, for a total value of $300,561.78. Following the completion of the transaction, the chief financial officer now directly owns 160,727 shares of the company’s stock, valued at $13,592,682.39. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Patrick M. Webster sold 27,996 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $90.73, for a total value of $2,540,077.08. Following the sale, the chief operating officer now directly owns 236,055 shares in the company, valued at $21,417,270.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael R. Cole sold 3,554 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $84.57, for a total transaction of $300,561.78. Following the completion of the sale, the chief financial officer now owns 160,727 shares in the company, valued at $13,592,682.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,595 shares of company stock valued at $4,406,273. Corporate insiders own 3.74% of the company’s stock.

UFP Industries Trading Up 2.4 %

Shares of UFP Industries stock opened at $77.75 on Monday. UFP Industries, Inc. has a 12-month low of $64.13 and a 12-month high of $94.80. The company has a current ratio of 2.88, a quick ratio of 1.54 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.79 billion, a PE ratio of 7.50 and a beta of 1.56. The company has a 50-day moving average of $81.57 and a two-hundred day moving average of $79.06.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued 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 1.29%. UFP Industries’s dividend payout ratio (DPR) is presently 9.64%.

UFP Industries Profile

(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.

Read More

Want to see what other hedge funds are holding UFPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UFP Industries, Inc. (NASDAQ:UFPIGet Rating).

Institutional Ownership by Quarter for UFP Industries (NASDAQ:UFPI)

Receive News & Ratings for UFP Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Industries and related companies with MarketBeat.com's FREE daily email newsletter.