UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,591 shares of the construction company's stock after selling 2,603 shares during the period. Mercer Global Advisors Inc. ADV owned 0.05% of UFP Industries worth $3,559,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UFPI. Allspring Global Investments Holdings LLC increased its holdings in shares of UFP Industries by 3.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after buying an additional 31,381 shares during the last quarter. CIBC Asset Management Inc raised its position in UFP Industries by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock valued at $213,000 after purchasing an additional 97 shares during the period. Franklin Resources Inc. lifted its position in UFP Industries by 18.2% in the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock valued at $169,675,000 after buying an additional 188,969 shares during the last quarter. Argent Capital Management LLC increased its position in shares of UFP Industries by 35.8% during the fourth quarter. Argent Capital Management LLC now owns 12,306 shares of the construction company's stock valued at $1,386,000 after acquiring an additional 3,241 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of UFP Industries by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company's stock valued at $86,966,000 after acquiring an additional 2,160 shares during the period. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Stock Down 1.1 %

Shares of UFPI traded down $1.12 during midday trading on Friday, hitting $97.33. The company had a trading volume of 763,789 shares, compared to its average volume of 337,038. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. UFP Industries, Inc. has a 1 year low of $95.90 and a 1 year high of $141.33. The firm has a market capitalization of $5.92 billion, a P/E ratio of 14.38 and a beta of 1.54. The company's 50-day simple moving average is $105.24 and its 200-day simple moving average is $115.37.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.27). The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. UFP Industries's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. As a group, sell-side analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.44%. UFP Industries's payout ratio is currently 22.91%.

Wall Street Analysts Forecast Growth

UFPI has been the subject of several research reports. StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and issued a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

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.