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D.A. Davidson & CO. Has $721,000 Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

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D.A. Davidson & CO. increased its holdings in UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) by 5.4% during the first quarter, HoldingsChannel reports. The fund owned 9,350 shares of the construction company's stock after acquiring an additional 475 shares during the quarter. D.A. Davidson & CO.'s holdings in UFP Industries were worth $721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in shares of UFP Industries by 90.1% in the 4th quarter. First Horizon Advisors Inc. now owns 308 shares of the construction company's stock worth $28,000 after acquiring an additional 146 shares during the last quarter. Baystate Wealth Management LLC raised its holdings in shares of UFP Industries by 55.0% in the 1st quarter. Baystate Wealth Management LLC now owns 541 shares of the construction company's stock worth $42,000 after acquiring an additional 192 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of UFP Industries by 61.2% in the 1st quarter. Quadrant Capital Group LLC now owns 769 shares of the construction company's stock worth $59,000 after acquiring an additional 292 shares during the last quarter. Covestor Ltd acquired a new stake in shares of UFP Industries in the 4th quarter worth about $90,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of UFP Industries by 622.1% in the 1st quarter. Meeder Asset Management Inc. now owns 1,502 shares of the construction company's stock worth $116,000 after acquiring an additional 1,294 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on UFPI shares. Benchmark upped their price objective on shares of UFP Industries to $110.00 in a research report on Monday, July 25th. StockNews.com raised shares of UFP Industries from a "hold" rating to a "buy" rating in a research report on Monday, July 25th. Wedbush upped their price objective on shares of UFP Industries to $108.00 in a research report on Friday, July 22nd. DA Davidson upped their price objective on shares of UFP Industries from $90.00 to $101.00 in a research report on Friday, July 22nd. Finally, Stifel Nicolaus upped their price objective on shares of UFP Industries from $95.00 to $100.00 in a research report on Friday, July 22nd.

UFP Industries Stock Down 2.2 %

UFP Industries stock opened at $77.11 on Tuesday. The firm has a 50 day moving average price of $80.54 and a 200-day moving average price of $79.35. The company has a quick ratio of 1.54, a current ratio of 2.88 and a debt-to-equity ratio of 0.12. UFP Industries, Inc. has a twelve month low of $64.13 and a twelve month high of $94.80. The company has a market capitalization of $4.75 billion, a P/E ratio of 7.44 and a beta of 1.56.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.00 annualized dividend and a yield of 1.30%. UFP Industries's payout ratio is 9.64%.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 12,500 shares of the business's stock in a transaction on Monday, August 1st. The stock was sold at an average price of $93.21, for a total value of $1,165,125.00. Following the sale, the chief executive officer now directly owns 317,709 shares in the company, valued at $29,613,655.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other UFP Industries news, CEO Matthew J. Missad sold 12,500 shares of the business's stock in a transaction on Monday, August 1st. The stock was sold at an average price of $93.21, for a total value of $1,165,125.00. Following the sale, the chief executive officer now directly owns 317,709 shares in the company, valued at $29,613,655.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael R. Cole sold 3,554 shares of the business's stock in a transaction on Monday, July 25th. The shares were sold at an average price of $84.57, for a total value of $300,561.78. Following the completion of the sale, the chief financial officer now owns 160,727 shares in the company, valued at $13,592,682.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,595 shares of company stock valued at $4,406,273. Company insiders own 3.74% of the company's stock.

About UFP Industries

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UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.

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Want to see what other hedge funds are holding UFPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UFP Industries, Inc. (NASDAQ:UFPI – Get Rating).

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