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MAI Capital Management trimmed its position in UFP Industries, Inc. ( NASDAQ:UFPI – Free Report ) by 13.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,179 shares of the construction company’s stock after selling 808 shares during the quarter. MAI Capital Management’s holdings in UFP Industries were worth $680,000 as of its most recent SEC filing. Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in UFP Industries by 300.0% in the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after acquiring an additional 144 shares during the period. Headlands Technologies LLC bought a new position in UFP Industries in the 2nd quarter valued at about $29,000. Signaturefd LLC raised its holdings in UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after acquiring an additional 76 shares during the period. Triad Wealth Partners LLC bought a new position in UFP Industries in the 2nd quarter valued at about $56,000. Finally, GAMMA Investing LLC raised its holdings in UFP Industries by 84.2% in the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after acquiring an additional 234 shares during the period. 81.81% of the stock is owned by institutional investors. UFP Industries Stock Up 2.0 % Shares of UFPI opened at $133.07 on Friday. UFP Industries, Inc. has a 12 month low of $107.49 and a 12 month high of $139.54. The firm’s 50 day moving average is $130.63 and its 200-day moving average is $122.32. The stock has a market capitalization of $8.08 billion, a PE ratio of 18.30 and a beta of 1.39. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. UFP Industries’s dividend payout ratio is 18.16%. Analyst Upgrades and Downgrades Several research analysts have weighed in on UFPI shares. BMO Capital Markets increased their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. Benchmark raised their target price on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their target price on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, UFP Industries currently has an average rating of “Moderate Buy” and a consensus price target of $148.00. Get Our Latest Stock Analysis on UFPI UFP Industries Company Profile ( Free Report ) 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. Featured Articles 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 – Free Report ). Receive News & Ratings for UFP Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Industries and related companies with MarketBeat.com's FREE daily email newsletter .CNN anchor Alisyn Camerota is leaving the network: 'Today is my last day'
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