Russell Investments Group Ltd. Has $8.78 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Russell Investments Group Ltd. trimmed its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,913 shares of the construction company's stock after selling 10,947 shares during the period. Russell Investments Group Ltd. owned 0.11% of UFP Industries worth $8,778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of UFP Industries by 716.7% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,561,285 shares of the construction company's stock worth $159,876,000 after buying an additional 1,370,105 shares in the last quarter. Northern Trust Corp raised its position in shares of UFP Industries by 0.9% during the 3rd quarter. Northern Trust Corp now owns 1,111,025 shares of the construction company's stock worth $113,769,000 after buying an additional 10,326 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of UFP Industries by 31.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 749,259 shares of the construction company's stock worth $76,724,000 after buying an additional 179,323 shares in the last quarter. AQR Capital Management LLC raised its position in shares of UFP Industries by 93.0% during the 3rd quarter. AQR Capital Management LLC now owns 679,139 shares of the construction company's stock worth $69,544,000 after buying an additional 327,220 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of UFP Industries by 24.8% during the 3rd quarter. Invesco Ltd. now owns 381,171 shares of the construction company's stock worth $39,032,000 after buying an additional 75,711 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Trading Down 1.0 %

Shares of UFP Industries stock traded down $1.16 during trading on Tuesday, hitting $116.82. The stock had a trading volume of 368,867 shares, compared to its average volume of 284,819. The stock has a 50 day simple moving average of $116.02 and a 200 day simple moving average of $114.16. The company has a market capitalization of $7.19 billion, a PE ratio of 14.53 and a beta of 1.47. The company has a quick ratio of 3.37, a current ratio of 4.79 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1 year low of $77.47 and a 1 year high of $128.65.

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

UFP Industries Dividend Announcement

The business also recently disclosed 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. This represents a $1.32 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, May 31st. UFP Industries's payout ratio is presently 16.42%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UFPI shares. StockNews.com downgraded shares of UFP Industries from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 4th. Stifel Nicolaus boosted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Wedbush reiterated a "neutral" rating and issued a $102.00 target price on shares of UFP Industries in a report on Thursday, February 22nd. Finally, Benchmark dropped their target price on shares of UFP Industries from $137.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, UFP Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.20.

Insider Activity at UFP Industries

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

UFP Industries 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.