North Point Portfolio Managers Corp OH Has $12.97 Million Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

North Point Portfolio Managers Corp OH lowered its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,123 shares of the construction company’s stock after selling 2,719 shares during the period. UFP Industries accounts for 2.3% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 18th largest position. North Point Portfolio Managers Corp OH owned 0.19% of UFP Industries worth $12,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of UFPI. Hsbc Holdings PLC grew its position in shares of UFP Industries by 233.2% during the 2nd quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company’s stock worth $729,000 after buying an additional 4,595 shares during the period. Sei Investments Co. lifted its stake in shares of UFP Industries by 1.4% in the 2nd quarter. Sei Investments Co. now owns 80,305 shares of the construction company’s stock valued at $8,994,000 after purchasing an additional 1,145 shares during the period. Creative Planning grew its stake in shares of UFP Industries by 8.8% during the second quarter. Creative Planning now owns 23,584 shares of the construction company’s stock worth $2,641,000 after purchasing an additional 1,907 shares during the period. Sanctuary Advisors LLC acquired a new position in UFP Industries in the second quarter valued at about $1,162,000. Finally, Cim LLC grew its position in shares of UFP Industries by 9.0% during the 2nd quarter. Cim LLC now owns 2,125 shares of the construction company’s stock worth $242,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the transaction, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on UFPI shares. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Wedbush reaffirmed an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Stock Performance

Shares of UFP Industries stock opened at $116.75 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 16.06 and a beta of 1.45. UFP Industries, Inc. has a one year low of $107.25 and a one year high of $141.33. The stock’s 50-day moving average is $121.66 and its 200-day moving average is $124.20.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data 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 business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm earned $2.10 EPS. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts predict that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.

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.