UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 24.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,575 shares of the construction company's stock after selling 8,729 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in UFP Industries were worth $3,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. American Century Companies Inc. grew its position in shares of UFP Industries by 42.2% in the third quarter. American Century Companies Inc. now owns 252,270 shares of the construction company's stock valued at $25,832,000 after purchasing an additional 74,852 shares in the last quarter. Van ECK Associates Corp lifted its holdings in UFP Industries by 42.8% in the third quarter. Van ECK Associates Corp now owns 14,167 shares of the construction company's stock valued at $1,451,000 after acquiring an additional 4,246 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in UFP Industries by 257.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 17,438 shares of the construction company's stock valued at $1,786,000 after acquiring an additional 12,553 shares during the last quarter. Raymond James & Associates lifted its holdings in UFP Industries by 133.2% in the fourth quarter. Raymond James & Associates now owns 188,154 shares of the construction company's stock valued at $23,623,000 after acquiring an additional 107,477 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in UFP Industries by 7.3% in the third quarter. Stifel Financial Corp now owns 29,079 shares of the construction company's stock valued at $2,978,000 after acquiring an additional 1,982 shares during the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Trading Down 1.9 %

NASDAQ:UFPI traded down $2.18 during trading hours on Wednesday, reaching $111.64. 242,063 shares of the stock were exchanged, compared to its average volume of 277,693. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $116.46 and a two-hundred day moving average of $112.82. UFP Industries, Inc. has a twelve month low of $76.01 and a twelve month high of $128.65. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 13.85 and a beta of 1.49.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.62 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.06). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The firm's revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter last year, the company earned $2.10 earnings per share. On average, equities analysts predict that UFP Industries, Inc. will post 7.39 EPS for the current year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.33 dividend. This is a boost from UFP Industries's previous quarterly dividend of $0.20. This represents a $1.32 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 29th. UFP Industries's dividend payout ratio (DPR) is presently 16.38%.

Insider Activity

In other news, CEO Matthew J. Missad sold 5,018 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the sale, the chief executive officer now directly owns 363,328 shares in the company, valued at $41,437,558.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.58% of the company's stock.

Analyst Ratings Changes

UFPI has been the topic of a number of recent analyst reports. Benchmark upped their price objective on UFP Industries from $120.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Stifel Nicolaus upped their price objective on UFP Industries from $115.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. StockNews.com cut UFP Industries from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 4th. Finally, Wedbush reiterated a "neutral" rating and issued a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.00.

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.