10,000 UFP Industries, Inc. $UFPI Shares Acquired by Markel Group Inc.

by · The Cerbat Gem

Markel Group Inc. boosted its stake in UFP Industries, Inc. (NASDAQ:UFPI – Free Report) by 250.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,000 shares of the construction company’s stock after acquiring an additional 10,000 shares during the quarter. Markel Group Inc.’s holdings in UFP Industries were worth $1,081,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of UFP Industries by 15.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,004 shares of the construction company’s stock worth $78,000 after buying an additional 131 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of UFP Industries by 86.0% in the 1st quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock worth $29,000 after acquiring an additional 148 shares during the period. World Investment Advisors lifted its stake in shares of UFP Industries by 5.8% in the 1st quarter. World Investment Advisors now owns 3,171 shares of the construction company’s stock worth $292,000 after acquiring an additional 175 shares during the period. Cetera Investment Advisers boosted its holdings in shares of UFP Industries by 3.6% in the first quarter. Cetera Investment Advisers now owns 5,593 shares of the construction company’s stock valued at $515,000 after acquiring an additional 194 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of UFP Industries by 1.4% in the first quarter. State of Michigan Retirement System now owns 14,000 shares of the construction company’s stock valued at $1,290,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Oppenheimer started coverage on shares of UFP Industries in a research note on Wednesday, September 30th. They set a “market perform” rating on the stock. DA Davidson restated a “buy” rating and issued a $105.00 target price on shares of UFP Industries in a research report on Tuesday, October 27th. Weiss Ratings lowered UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 12th. Stifel Nicolaus set a $85.00 price target on UFP Industries and gave the company a “hold” rating in a research report on Monday, October 26th. Finally, Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, UFP Industries currently has a consensus rating of “Hold” and an average target price of $103.25.

View Our Latest Report on UFP Industries

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $81.16 on Wednesday. UFP Industries, Inc. has a twelve month low of $73.72 and a twelve month high of $118.00. The company has a current ratio of 3.86, a quick ratio of 2.58 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $80.48 and a two-hundred day moving average of $89.46. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.70 and a beta of 1.14.

UFP Industries (NASDAQ:UFPI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.15). UFP Industries had a return on equity of 7.53% and a net margin of 3.61%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.60 billion. As a group, analysts expect that UFP Industries, Inc. will post 4.26 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. UFP Industries’s dividend payout ratio is currently 34.95%.

UFP Industries Profile

(Free Report)

UFP Industries, Inc is a diversified manufacturer and distributor of wood, composite and other products serving the retail, construction and industrial markets. The company supplies materials and components used in outdoor living, residential and commercial construction, manufactured housing, packaging and a range of industrial applications.

Its products include treated lumber, decking, fencing, landscaping products, roof trusses, wall panels, wood components, pallets, crates, specialty packaging and other custom-engineered products.

Further Reading

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