SG Americas Securities LLC Has $147,000 Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

SG Americas Securities LLC trimmed its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 67.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,172 shares of the construction company’s stock after selling 2,418 shares during the quarter. SG Americas Securities LLC’s holdings in UFP Industries were worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UFPI. Vanguard Group Inc. lifted its position in UFP Industries by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,378,757 shares of the construction company’s stock valued at $532,450,000 after acquiring an additional 33,825 shares in the last quarter. State Street Corp increased its stake in shares of UFP Industries by 1.9% during the 2nd quarter. State Street Corp now owns 2,095,833 shares of the construction company’s stock worth $203,401,000 after purchasing an additional 39,896 shares during the last quarter. Victory Capital Management Inc. grew its stake in UFP Industries by 25.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,714,394 shares of the construction company’s stock valued at $135,866,000 after buying an additional 348,158 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in UFP Industries by 716.7% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,561,285 shares of the construction company’s stock valued at $159,876,000 after buying an additional 1,370,105 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in UFP Industries by 8.8% in the 1st quarter. Geode Capital Management LLC now owns 1,258,702 shares of the construction company’s stock valued at $100,701,000 after buying an additional 102,125 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

Insider Activity at UFP Industries

In related news, CEO Matthew J. Missad sold 5,018 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total transaction of $572,302.90. Following the transaction, the chief executive officer now directly owns 363,328 shares of the company’s stock, valued at $41,437,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.58% of the stock is owned by insiders.

UFP Industries Stock Down 1.0 %

Shares of NASDAQ UFPI opened at $113.82 on Wednesday. UFP Industries, Inc. has a 12-month low of $76.01 and a 12-month high of $128.65. The firm has a market cap of $7.00 billion, a PE ratio of 14.12 and a beta of 1.49. The company’s fifty day simple moving average is $116.55 and its 200 day simple moving average is $112.83. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.06). UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $2.10 earnings per share. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. As a group, sell-side analysts forecast that UFP Industries, Inc. will post 7.39 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.33 per share. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, February 29th. UFP Industries’s dividend payout ratio (DPR) is presently 16.38%.

Analysts Set New Price Targets

A number of research analysts recently commented on UFPI shares. Stifel Nicolaus upped their price target 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. StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Benchmark boosted their price objective on shares of UFP Industries from $120.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Wedbush reissued a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UFP Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

UFP Industries 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.