Mutual of America Capital Management LLC Sells 42,989 Shares of UFP Industries, Inc. $UFPI

Mutual of America Capital Management LLC lessened its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 25.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,351 shares of the construction company’s stock after selling 42,989 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UFP Industries were worth $11,532,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Boston Partners grew its position in UFP Industries by 25.7% during the 2nd quarter. Boston Partners now owns 1,847,503 shares of the construction company’s stock worth $183,569,000 after acquiring an additional 378,203 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of UFP Industries by 2.4% during the second quarter. Geode Capital Management LLC now owns 1,594,161 shares of the construction company’s stock valued at $158,413,000 after purchasing an additional 37,534 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of UFP Industries by 5.1% during the second quarter. Wasatch Advisors LP now owns 1,408,538 shares of the construction company’s stock worth $139,952,000 after purchasing an additional 67,849 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of UFP Industries by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,223,441 shares of the construction company’s stock valued at $113,743,000 after buying an additional 15,648 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in UFP Industries by 2.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 790,648 shares of the construction company’s stock valued at $78,559,000 after buying an additional 20,387 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Matthew J. Missad sold 11,000 shares of UFP Industries stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $92.26, for a total value of $1,014,860.00. Following the completion of the sale, the chairman owned 310,533 shares in the company, valued at $28,649,774.58. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael G. Wooldridge sold 1,192 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $93.43, for a total transaction of $111,368.56. Following the transaction, the director owned 14,697 shares in the company, valued at $1,373,140.71. The trade was a 7.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus set a $98.00 target price on shares of UFP Industries in a report on Tuesday, December 2nd. Zacks Research raised shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $112.00 in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of UFP Industries in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, UFP Industries currently has an average rating of “Hold” and an average target price of $114.25.

UFP Industries Price Performance

UFPI stock opened at $104.40 on Tuesday. The company has a quick ratio of 3.23, a current ratio of 4.49 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 19.30 and a beta of 1.49. The company’s fifty day simple moving average is $95.33 and its 200 day simple moving average is $96.46. UFP Industries, Inc. has a 12-month low of $87.11 and a 12-month high of $119.83.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 10.18% and a net margin of 5.00%.The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 earnings per share. On average, analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Company Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.