Mutual of America Capital Management LLC Sells 8,678 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Mutual of America Capital Management LLC decreased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,230 shares of the construction company’s stock after selling 8,678 shares during the period. Mutual of America Capital Management LLC owned about 0.31% of UFP Industries worth $23,769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in UFP Industries during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new stake in shares of UFP Industries in the fourth quarter worth $30,000. Rise Advisors LLC purchased a new stake in shares of UFP Industries in the first quarter worth $33,000. Opal Wealth Advisors LLC purchased a new stake in shares of UFP Industries in the first quarter worth $33,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of UFP Industries by 218.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock worth $36,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

UFP Industries Trading Up 1.0 %

Shares of UFPI stock traded up $1.10 during trading hours on Monday, reaching $108.75. 217,940 shares of the stock were exchanged, compared to its average volume of 287,575. UFP Industries, Inc. has a 12-month low of $90.62 and a 12-month high of $128.65. The company has a current ratio of 4.79, a quick ratio of 3.37 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $115.69 and its 200-day moving average price is $116.50. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.53 and a beta of 1.40.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.96 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company earned $1.98 EPS. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, equities analysts anticipate that UFP Industries, Inc. will post 7.53 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 1.21%. UFP Industries’s payout ratio is 16.42%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UFPI shares. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday. Benchmark dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.50.

Insider Activity at UFP Industries

In related news, CFO Michael R. Cole sold 1,452 shares of UFP Industries stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $119.28, for a total transaction of $173,194.56. Following the completion of the sale, the chief financial officer now owns 165,155 shares in the company, valued at approximately $19,699,688.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider David A. Tutas sold 3,038 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $120.21, for a total value of $365,197.98. Following the completion of the sale, the insider now owns 21,374 shares in the company, valued at approximately $2,569,368.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael R. Cole sold 1,452 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $119.28, for a total transaction of $173,194.56. Following the completion of the sale, the chief financial officer now owns 165,155 shares of the company’s stock, valued at approximately $19,699,688.40. The disclosure for this sale can be found here. Insiders sold 32,687 shares of company stock worth $3,831,653 in the last 90 days. 2.58% of the stock is owned by corporate insiders.

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.