111 Capital Sells 8,581 Shares of UFP Industries, Inc. $UFPI

111 Capital reduced its position in UFP Industries, Inc. (NASDAQ:UFPI) by 73.9% during the third quarter, HoldingsChannel.com reports. The firm owned 3,033 shares of the construction company’s stock after selling 8,581 shares during the period. 111 Capital’s holdings in UFP Industries were worth $284,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of UFP Industries during the second quarter valued at approximately $74,905,000. Deprince Race & Zollo Inc. bought a new stake in shares of UFP Industries during the 3rd quarter worth approximately $41,962,000. Boston Partners boosted its holdings in UFP Industries by 25.7% during the 2nd quarter. Boston Partners now owns 1,847,503 shares of the construction company’s stock valued at $183,569,000 after acquiring an additional 378,203 shares during the period. Cubist Systematic Strategies LLC purchased a new position in UFP Industries during the 2nd quarter valued at $20,151,000. Finally, Jane Street Group LLC grew its position in UFP Industries by 121.9% in the 2nd quarter. Jane Street Group LLC now owns 267,818 shares of the construction company’s stock valued at $26,610,000 after acquiring an additional 147,100 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Down 1.0%

UFP Industries stock opened at $98.49 on Thursday. The company has a quick ratio of 3.13, a current ratio of 4.59 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.57 billion, a P/E ratio of 19.74 and a beta of 1.48. The business has a fifty day moving average of $104.27 and a two-hundred day moving average of $97.73. UFP Industries, Inc. has a twelve month low of $87.11 and a twelve month high of $118.00.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, February 23rd. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.33). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.40 billion. UFP Industries had a net margin of 4.66% and a return on equity of 9.27%. UFP Industries’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. On average, analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.5%. This is a positive change from UFP Industries’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 2nd. UFP Industries’s payout ratio is 28.86%.

Insider Transactions at UFP Industries

In other news, Chairman Matthew J. Missad sold 11,000 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $92.26, for a total transaction of $1,014,860.00. Following the transaction, the chairman directly owned 310,533 shares of the company’s stock, valued at approximately $28,649,774.58. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus set a $98.00 target price on UFP Industries in a research report on Tuesday, December 2nd. DA Davidson reiterated a “buy” rating and set a $112.00 price objective on shares of UFP Industries in a report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a research report on Tuesday, January 27th. Finally, Zacks Research upgraded shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $107.33.

About UFP Industries

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.