UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd lowered its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 25.8% in the 4th quarter, Holdings Channel reports. The fund owned 1,225 shares of the construction company’s stock after selling 427 shares during the period. Ausbil Investment Management Ltd’s holdings in UFP Industries were worth $137,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. UMB Bank n.a. grew its position in UFP Industries by 300.0% in the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after purchasing an additional 144 shares during the last quarter. Signaturefd LLC boosted its position in shares of UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after buying an additional 76 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in UFP Industries in the 3rd quarter worth approximately $70,000. GAMMA Investing LLC increased its position in UFP Industries by 25.8% in the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after acquiring an additional 132 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in UFP Industries during the 3rd quarter valued at $94,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

Insider Activity

In other news, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares of the company’s stock, valued at $7,739,712.60. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total value of $1,965,450.00. Following the sale, the chief executive officer now directly owns 314,450 shares in the company, valued at $41,202,383.50. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

UFP Industries Stock Down 2.3 %

Shares of UFPI stock opened at $115.65 on Friday. UFP Industries, Inc. has a 1 year low of $107.25 and a 1 year high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The business’s fifty day moving average is $120.36 and its 200-day moving average is $124.09. The stock has a market cap of $7.02 billion, a PE ratio of 15.91 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the business earned $2.10 EPS. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. Equities analysts expect that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UFPI. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $148.00.

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.