Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $5.23 Million Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Get Rating) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,967 shares of the construction company's stock after purchasing an additional 9,821 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.11% of UFP Industries worth $5,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UFPI. Victory Capital Management Inc. boosted its stake in shares of UFP Industries by 25.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,714,394 shares of the construction company's stock valued at $135,866,000 after purchasing an additional 348,158 shares in the last quarter. BlackRock Inc. raised its stake in UFP Industries by 3.0% during the 3rd quarter. BlackRock Inc. now owns 10,532,771 shares of the construction company's stock worth $760,045,000 after acquiring an additional 307,354 shares during the period. Renaissance Technologies LLC raised its position in shares of UFP Industries by 137.9% during the third quarter. Renaissance Technologies LLC now owns 435,909 shares of the construction company's stock valued at $31,455,000 after buying an additional 252,700 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in UFP Industries by 87.2% during the first quarter. Goldman Sachs Group Inc. now owns 369,322 shares of the construction company's stock worth $28,497,000 after buying an additional 172,009 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of UFP Industries by 16.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 793,594 shares of the construction company's stock valued at $62,892,000 after purchasing an additional 110,395 shares during the period. Institutional investors own 81.69% of the company's stock.

Several research firms have recently issued reports on UFPI. DA Davidson upped their price objective on shares of UFP Industries from $102.00 to $112.00 in a report on Wednesday, May 3rd. StockNews.com started coverage on UFP Industries in a research note on Thursday, May 18th. They issued a "buy" rating for the company. Stifel Nicolaus dropped their target price on UFP Industries from $102.00 to $100.00 in a report on Wednesday, May 3rd. Benchmark lifted their price target on shares of UFP Industries from $85.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, February 23rd. Finally, BMO Capital Markets lifted their price target on shares of UFP Industries from $95.00 to $100.00 in a report on Tuesday, May 16th.

Shares of NASDAQ:UFPI opened at $79.26 on Friday. The firm has a market cap of $4.89 billion, a P/E ratio of 7.95 and a beta of 1.47. The company's 50-day moving average price is $79.80 and its two-hundred day moving average price is $82.57. The company has a quick ratio of 2.46, a current ratio of 4.27 and a debt-to-equity ratio of 0.10. UFP Industries, Inc. has a 12 month low of $64.13 and a 12 month high of $99.40.

UFP Industries (NASDAQ:UFPI - Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The construction company reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.33. UFP Industries had a return on equity of 24.92% and a net margin of 7.02%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm earned $3.00 earnings per share. UFP Industries's revenue for the quarter was down 26.8% compared to the same quarter last year. As a group, research analysts forecast that UFP Industries, Inc. will post 8.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a $0.25 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. UFP Industries's payout ratio is 10.03%.

In other UFP Industries news, insider Patrick M. Benton sold 13,161 shares of the business's stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $83.55, for a total value of $1,099,601.55. Following the sale, the insider now directly owns 123,046 shares of the company's stock, valued at $10,280,493.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Patrick M. Benton sold 13,161 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $83.55, for a total transaction of $1,099,601.55. Following the completion of the sale, the insider now owns 123,046 shares in the company, valued at $10,280,493.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Missad sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $83.90, for a total value of $839,000.00. Following the completion of the sale, the chief executive officer now directly owns 380,845 shares of the company's stock, valued at $31,952,895.50. The disclosure for this sale can be found here. Insiders have sold 38,161 shares of company stock valued at $3,146,902 in the last ninety days. Company insiders own 3.55% of the company's stock.

UFP Industries, Inc engages in the supply of products primarily manufactured from wood, wood and non-wood composites, and other materials to retail, packaging, and construction markets. It operates through the following segments: Retail Solutions, Packaging, and Construction. The Retail Solutions segment sells treated lumber products, wood plastic composite, mineral based composite decking and related decking accessories, exterior sliding, pattern, trim, and facia products.

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