Mirae Asset Global Investments Co. Ltd. Has $3.46 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Mirae Asset Global Investments Co. Ltd. decreased its position in UFP Industries, Inc. (NASDAQ:UFPI) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,575 shares of the construction company’s stock after selling 8,729 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in UFP Industries were worth $3,462,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its position in shares of UFP Industries by 42.2% in the third quarter. American Century Companies Inc. now owns 252,270 shares of the construction company’s stock valued at $25,832,000 after purchasing an additional 74,852 shares during the period. Van ECK Associates Corp raised its position in shares of UFP Industries by 42.8% in the third quarter. Van ECK Associates Corp now owns 14,167 shares of the construction company’s stock valued at $1,451,000 after purchasing an additional 4,246 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of UFP Industries by 257.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 17,438 shares of the construction company’s stock valued at $1,786,000 after purchasing an additional 12,553 shares during the period. Stifel Financial Corp raised its position in shares of UFP Industries by 7.3% in the third quarter. Stifel Financial Corp now owns 29,079 shares of the construction company’s stock valued at $2,978,000 after purchasing an additional 1,982 shares during the period. Finally, Raymond James & Associates raised its position in shares of UFP Industries by 133.2% in the fourth quarter. Raymond James & Associates now owns 188,154 shares of the construction company’s stock valued at $23,623,000 after purchasing an additional 107,477 shares during the period. Institutional investors own 81.81% of the company’s stock.

Insider Activity

In other news, CEO Matthew J. Missad sold 5,018 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the completion of the sale, the chief executive officer now directly owns 363,328 shares of the company’s stock, valued at approximately $41,437,558.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.58% of the stock is currently owned by company insiders.

UFP Industries Stock Performance

UFP Industries stock opened at $113.82 on Wednesday. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. UFP Industries, Inc. has a 1 year low of $76.01 and a 1 year high of $128.65. The company has a market cap of $7.00 billion, a PE ratio of 14.12 and a beta of 1.49. The company’s 50-day moving average is $116.55 and its two-hundred day moving average is $112.83.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. Equities analysts anticipate that UFP Industries, Inc. will post 7.39 earnings per share for the current year.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost 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%. UFP Industries’s dividend payout ratio is 16.38%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Benchmark boosted their target price on shares of UFP Industries from $120.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Wedbush reaffirmed a “neutral” rating and set a $102.00 target price on shares of UFP Industries in a research report on Thursday, February 22nd. Finally, StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.00.

UFP Industries Company 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.