Los Angeles Capital Management LLC Sells 42,399 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Los Angeles Capital Management LLC lessened its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 61.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,813 shares of the construction company's stock after selling 42,399 shares during the period. Los Angeles Capital Management LLC's holdings in UFP Industries were worth $3,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Wealth LLC purchased a new position in UFP Industries in the 4th quarter valued at approximately $3,046,000. American Century Companies Inc. increased its holdings in UFP Industries by 42.2% during the 3rd quarter. American Century Companies Inc. now owns 252,270 shares of the construction company's stock worth $25,832,000 after purchasing an additional 74,852 shares during the period. Van ECK Associates Corp raised its position in UFP Industries by 42.8% in the 3rd quarter. Van ECK Associates Corp now owns 14,167 shares of the construction company's stock valued at $1,451,000 after purchasing an additional 4,246 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of UFP Industries by 257.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 17,438 shares of the construction company's stock valued at $1,786,000 after buying an additional 12,553 shares during the period. Finally, Raymond James & Associates grew its position in shares of UFP Industries by 133.2% during the fourth quarter. Raymond James & Associates now owns 188,154 shares of the construction company's stock worth $23,623,000 after buying an additional 107,477 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Trading Up 1.1 %

UFP Industries stock traded up $1.33 during trading on Monday, hitting $117.98. The company's stock had a trading volume of 357,746 shares, compared to its average volume of 283,853. UFP Industries, Inc. has a 1-year low of $77.47 and a 1-year high of $128.65. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 14.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.37 and a current ratio of 4.79. The stock's fifty day moving average is $115.89 and its 200 day moving average is $114.00.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.34. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.71 billion. UFP Industries had a net margin of 7.24% and a return on equity of 17.07%. The company's revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 EPS. As a group, equities research analysts predict that UFP Industries, Inc. will post 7.37 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.33 per share. The ex-dividend date is Friday, May 31st. This represents a $1.32 dividend on an annualized basis and a yield of 1.12%. UFP Industries's dividend payout ratio (DPR) is 16.42%.

Insider Activity at UFP Industries

In other news, CEO Matthew J. Missad sold 5,018 shares of UFP Industries stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total transaction of $572,302.90. Following the sale, the chief executive officer now owns 363,328 shares in the company, valued at $41,437,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.58% of the stock is owned by insiders.

Analyst Ratings Changes

UFPI has been the subject of several analyst reports. Benchmark lowered their price target on shares of UFP Industries from $137.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, May 1st. Wedbush restated a "neutral" rating and issued a $102.00 price target on shares of UFP Industries in a research note on Thursday, February 22nd. Stifel Nicolaus upped their price objective on UFP Industries from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. Finally, StockNews.com lowered UFP Industries from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $113.20.

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.