Advantage Alpha Capital Partners LP Sells 28,227 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Advantage Alpha Capital Partners LP cut its position in UFP Industries, Inc. (NASDAQ:UFPI) by 41.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,169 shares of the construction company’s stock after selling 28,227 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in UFP Industries were worth $5,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of UFP Industries by 300.0% during the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after purchasing an additional 144 shares during the period. Headlands Technologies LLC bought a new stake in shares of UFP Industries during the second quarter valued at about $29,000. Signaturefd LLC increased its position in shares of UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after buying an additional 76 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of UFP Industries in the second quarter worth about $56,000. Finally, GAMMA Investing LLC boosted its position in shares of UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Insider Transactions at UFP Industries

In related news, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total value of $1,965,450.00. Following the sale, the chief executive officer now directly owns 314,450 shares of the company’s stock, valued at $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.58% of the company’s stock.

Analyst Ratings Changes

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

UFP Industries Stock Up 4.5 %

Shares of NASDAQ:UFPI opened at $139.02 on Tuesday. The stock’s 50-day moving average is $131.16 and its 200 day moving average is $122.63. The company has a market cap of $8.44 billion, a PE ratio of 19.12 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. UFP Industries, Inc. has a 1 year low of $107.49 and a 1 year high of $141.33.

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

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.95%. UFP Industries’s dividend payout ratio is 18.16%.

About UFP Industries

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.