Dimensional Fund Advisors LP Sells 53,038 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Dimensional Fund Advisors LP cut its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,678,575 shares of the construction company’s stock after selling 53,038 shares during the quarter. Dimensional Fund Advisors LP’s holdings in UFP Industries were worth $259,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Global Retirement Partners LLC grew its stake in shares of UFP Industries by 38.9% in the second quarter. Global Retirement Partners LLC now owns 457 shares of the construction company’s stock worth $44,000 after purchasing an additional 128 shares during the last quarter. Advisor Partners II LLC grew its stake in shares of UFP Industries by 3.3% in the fourth quarter. Advisor Partners II LLC now owns 4,597 shares of the construction company’s stock worth $364,000 after purchasing an additional 146 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of UFP Industries by 3.3% during the 1st quarter. Mackenzie Financial Corp now owns 4,771 shares of the construction company’s stock worth $368,000 after acquiring an additional 152 shares during the period. Baird Financial Group Inc. raised its position in shares of UFP Industries by 4.4% in the 4th quarter. Baird Financial Group Inc. now owns 3,887 shares of the construction company’s stock worth $308,000 after acquiring an additional 163 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in shares of UFP Industries by 5.2% in the 1st quarter. Blair William & Co. IL now owns 3,469 shares of the construction company’s stock valued at $276,000 after purchasing an additional 170 shares during the period. 79.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on UFPI. Wedbush reissued a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a research report on Tuesday, October 31st. Benchmark restated a “buy” rating and issued a $120.00 price objective on shares of UFP Industries in a report on Monday, August 21st. StockNews.com began coverage on shares of UFP Industries in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, DA Davidson cut UFP Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $122.00 to $106.00 in a research report on Wednesday, November 1st.

UFP Industries Stock Down 1.9 %

Shares of UFP Industries stock opened at $110.53 on Thursday. UFP Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $114.12. The stock has a market capitalization of $6.83 billion, a PE ratio of 12.94 and a beta of 1.46. The company has a 50-day simple moving average of $100.62 and a two-hundred day simple moving average of $95.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.93 and a current ratio of 4.16.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, October 31st. The construction company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.03). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.97 billion. UFP Industries had a return on equity of 19.61% and a net margin of 7.14%. UFP Industries’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.66 earnings per share. On average, analysts anticipate that UFP Industries, Inc. will post 8.15 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, November 30th. UFP Industries’s dividend payout ratio is currently 14.05%.

Insider Buying and Selling

In other news, Director Kuras Mary Tuuk sold 9,000 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $100.70, for a total transaction of $906,300.00. Following the transaction, the director now directly owns 9,521 shares of the company’s stock, valued at approximately $958,764.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other UFP Industries news, CFO Michael R. Cole sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $102.63, for a total value of $102,630.00. Following the transaction, the chief financial officer now directly owns 182,368 shares of the company’s stock, valued at $18,716,427.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kuras Mary Tuuk sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $100.70, for a total value of $906,300.00. Following the completion of the transaction, the director now directly owns 9,521 shares in the company, valued at $958,764.70. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by corporate insiders.

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.