Teacher Retirement System of Texas Sells 15,135 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Teacher Retirement System of Texas decreased its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 46.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,373 shares of the construction company's stock after selling 15,135 shares during the quarter. Teacher Retirement System of Texas' holdings in UFP Industries were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC increased its position in shares of UFP Industries by 14.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,042 shares of the construction company's stock valued at $1,233,000 after buying an additional 1,554 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of UFP Industries by 48.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,814 shares of the construction company's stock worth $595,000 after purchasing an additional 1,903 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of UFP Industries by 3.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,304 shares of the construction company's stock valued at $3,718,000 after purchasing an additional 1,209 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of UFP Industries during the 3rd quarter valued at about $434,000. Finally, AIA Group Ltd grew its position in shares of UFP Industries by 5.1% in the 3rd quarter. AIA Group Ltd now owns 9,576 shares of the construction company's stock valued at $981,000 after purchasing an additional 462 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Performance

Shares of UFPI traded up $0.44 during trading hours on Friday, hitting $119.92. The company had a trading volume of 226,505 shares, compared to its average volume of 282,131. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 14.92 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. The business has a fifty day moving average of $116.93 and a 200-day moving average of $115.43. UFP Industries, Inc. has a 12 month low of $77.47 and a 12 month high of $128.65.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.34. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted $1.98 EPS. The firm's quarterly revenue was down 10.1% on a year-over-year basis. Equities analysts anticipate that UFP Industries, Inc. will post 7.47 EPS for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.33 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.32 annualized dividend and a yield of 1.10%. UFP Industries's dividend payout ratio is presently 16.42%.

Insider Buying and Selling at UFP Industries

In related news, insider David A. Tutas sold 3,038 shares of the firm's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $120.21, for a total value of $365,197.98. Following the sale, the insider now directly owns 21,374 shares of the company's stock, valued at $2,569,368.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other UFP Industries news, insider David A. Tutas sold 3,038 shares of the company's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $120.21, for a total value of $365,197.98. Following the completion of the transaction, the insider now owns 21,374 shares of the company's stock, valued at approximately $2,569,368.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Missad sold 5,018 shares of the firm'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 transaction of $572,302.90. Following the completion of the transaction, the chief executive officer now owns 363,328 shares of the company's stock, valued at approximately $41,437,558.40. The disclosure for this sale can be found here. Insiders have sold a total of 25,980 shares of company stock valued at $3,052,415 in the last ninety days. 2.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UFPI has been the subject of several research reports. Benchmark lowered their price objective on shares of UFP Industries from $137.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. Wedbush reaffirmed a "neutral" rating and set a $102.00 price target on shares of UFP Industries in a research report on Thursday, February 22nd. Stifel Nicolaus raised their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Finally, StockNews.com downgraded UFP Industries from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $116.50.

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.