Ausbil Investment Management Ltd Lowers Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Ausbil Investment Management Ltd reduced its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 25.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,225 shares of the construction company’s stock after selling 427 shares during the period. Ausbil Investment Management Ltd’s holdings in UFP Industries were worth $137,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in UFP Industries by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock valued at $82,847,000 after acquiring an additional 60,859 shares during the last quarter. Citigroup Inc. grew its holdings in shares of UFP Industries by 50.7% during the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock worth $15,670,000 after purchasing an additional 40,162 shares during the period. Charles Schwab Investment Management Inc. increased its position in UFP Industries by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock worth $101,011,000 after purchasing an additional 4,006 shares in the last quarter. Seizert Capital Partners LLC raised its holdings in UFP Industries by 85.5% in the third quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company’s stock valued at $4,543,000 after buying an additional 15,958 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in UFP Industries by 21.6% during the third quarter. Hantz Financial Services Inc. now owns 26,657 shares of the construction company’s stock valued at $3,498,000 after buying an additional 4,730 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented 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 restated an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

UFP Industries Stock Performance

UFP Industries stock opened at $115.65 on Friday. UFP Industries, Inc. has a 12-month low of $107.25 and a 12-month high of $141.33. 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 company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 15.91 and a beta of 1.45. The firm’s fifty day moving average price is $120.36 and its 200 day moving average price is $124.09.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (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 analysts’ expectations of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 earnings per share. On average, research analysts forecast that UFP Industries, Inc. will post 6.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the transaction, the director now owns 61,140 shares of the company’s stock, valued at $7,739,712.60. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 314,450 shares of the company’s stock, valued at $41,202,383.50. This trade represents a 4.55 % 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.

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.