Advantage Alpha Capital Partners LP Has $5.27 Million Position in UFP Industries, Inc. (NASDAQ:UFPI)

Advantage Alpha Capital Partners LP cut its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 41.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,169 shares of the construction company’s stock after selling 28,227 shares during the period. Advantage Alpha Capital Partners LP owned about 0.07% of UFP Industries worth $5,272,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of UFP Industries by 13.4% during the third quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after purchasing an additional 193,891 shares during the period. Fisher Asset Management LLC raised its position in UFP Industries by 22.3% during the 3rd quarter. Fisher Asset Management LLC now owns 283,806 shares of the construction company’s stock worth $37,238,000 after purchasing an additional 51,809 shares during the last quarter. Cerity Partners LLC lifted its holdings in UFP Industries by 194.1% during the 3rd quarter. Cerity Partners LLC now owns 6,332 shares of the construction company’s stock worth $831,000 after buying an additional 4,179 shares during the period. Kingsview Wealth Management LLC grew its position in shares of UFP Industries by 1.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company’s stock valued at $822,000 after buying an additional 113 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of UFP Industries by 50.7% in the third quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock valued at $15,670,000 after buying an additional 40,162 shares during the period. 81.81% of the stock is owned by institutional investors.

Insider Buying and Selling at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the completion of the sale, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.58% of the company’s stock.

UFP Industries Stock Up 4.5 %

UFP Industries stock opened at $139.02 on Tuesday. The company has a market capitalization of $8.44 billion, a PE ratio of 19.12 and a beta of 1.39. UFP Industries, Inc. has a 12-month low of $107.49 and a 12-month high of $141.33. The firm’s fifty day moving average is $131.16 and its 200 day moving average is $122.63. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

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

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 0.95%. UFP Industries’s payout ratio is currently 18.16%.

Analyst Ratings Changes

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

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.