De Lisle Partners LLP Acquires 14,500 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

De Lisle Partners LLP increased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 28.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,054 shares of the construction company’s stock after buying an additional 14,500 shares during the period. UFP Industries accounts for about 1.4% of De Lisle Partners LLP’s investment portfolio, making the stock its 16th biggest holding. De Lisle Partners LLP owned approximately 0.11% of UFP Industries worth $8,665,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UFPI. UMB Bank n.a. grew its holdings in UFP Industries by 300.0% during the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after acquiring an additional 144 shares during the period. Headlands Technologies LLC bought a new position in UFP Industries during the second quarter worth about $29,000. Signaturefd LLC grew its position in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after buying an additional 76 shares during the period. Triad Wealth Partners LLC bought a new position in UFP Industries during the 2nd quarter worth approximately $56,000. Finally, GAMMA Investing LLC raised its holdings in UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after purchasing an additional 234 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $131.03, for a total value of $1,965,450.00. Following the transaction, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.58% of the company’s stock.

UFP Industries Stock Down 1.7 %

NASDAQ:UFPI opened at $135.26 on Thursday. The stock has a 50-day simple moving average of $131.39 and a 200 day simple moving average of $122.77. UFP Industries, Inc. has a 52-week low of $107.49 and a 52-week high of $141.33. The company has a market cap of $8.21 billion, a PE ratio of 18.61 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

UFP Industries (NASDAQ:UFPI) last posted 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). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 earnings per share. On average, sell-side analysts expect that UFP Industries, Inc. will post 6.89 EPS for the current fiscal year.

UFP Industries Announces Dividend

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

Wall Street Analyst Weigh In

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

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.