Hancock Whitney Corp Sells 128 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Hancock Whitney Corp lessened its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,831 shares of the construction company’s stock after selling 128 shares during the period. Hancock Whitney Corp’s holdings in UFP Industries were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in shares of UFP Industries by 216.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 202,124 shares of the construction company’s stock valued at $26,521,000 after purchasing an additional 138,215 shares during the last quarter. AQR Capital Management LLC grew its position in UFP Industries by 22.7% in the second quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock valued at $67,594,000 after acquiring an additional 112,518 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in shares of UFP Industries by 103.3% during the 2nd quarter. Picton Mahoney Asset Management now owns 115,549 shares of the construction company’s stock valued at $12,941,000 after purchasing an additional 58,724 shares during the last quarter. F M Investments LLC acquired a new position in UFP Industries during the 2nd quarter worth approximately $6,028,000. Finally, Fisher Asset Management LLC lifted its stake in UFP Industries by 22.3% in the 3rd quarter. Fisher Asset Management LLC now owns 283,806 shares of the construction company’s stock valued at $37,238,000 after purchasing an additional 51,809 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction on 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 owns 314,450 shares in the company, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.58% of the company’s stock.

UFP Industries Price Performance

Shares of UFPI opened at $135.26 on Thursday. The firm has a market cap of $8.21 billion, a PE ratio of 18.61 and a beta of 1.39. UFP Industries, Inc. has a 52-week low of $107.49 and a 52-week high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The business’s 50 day moving average price is $131.39 and its two-hundred day moving average price is $122.77.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business posted $2.10 earnings per share. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, equities analysts anticipate that UFP Industries, Inc. will post 6.89 EPS for the current year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is currently 18.16%.

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.