Healthcare of Ontario Pension Plan Trust Fund and Lighthouse Investment Partners LLC have been actively increasing their stakes in UFP Industries, Inc. (NASDAQ:UFPI) and Knife River Co. (NYSE:KNF) [bb37bf9a] [760981e0] [c18c24d9]. In the third quarter, the Healthcare of Ontario Pension Plan Trust Fund acquired 29,000 shares of UFP Industries, worth approximately $2,970,000 [bb37bf9a]. Additionally, during the same period, the fund raised its stake in Knife River Co. by 98.2%, purchasing an additional 40,634 shares, bringing its total ownership to 82,000 shares [760981e0]. Lighthouse Investment Partners LLC also acquired 92,623 shares of Knife River Co., valued at approximately $6,130,000 [c18c24d9]. Other large investors have also made changes to their positions in both companies [bb37bf9a] [760981e0] [c18c24d9].
UFP Industries reported earnings per share of $1.62 for the quarter, slightly below the consensus estimate of $1.68, and generated $1.52 billion in revenue [bb37bf9a]. UFP Industries will pay a quarterly dividend of $0.33 per share on March 15th [bb37bf9a]. Analysts have given UFP Industries an average rating of 'Moderate Buy' with a consensus target price of $114.00 [bb37bf9a].
Knife River Co. has also attracted the attention of other institutional investors. BlackRock Inc., State Street Corp, 59 North Capital Management LP, Dimensional Fund Advisors LP, and Geode Capital Management LLC have all acquired significant positions in the company [760981e0]. Institutional investors now own 67.14% of Knife River Co.'s stock [760981e0]. Loop Capital, Oppenheimer, and Wolfe Research have recently commented on KNF [c18c24d9].
Knife River stock is currently trading at $68.75 on the NYSE. The company reported a net margin of 6.19% and a return on equity of 14.65% in its most recent quarterly earnings report [c18c24d9].
Canoe EIT Income Fund (OTCMKTS:ENDTF) reached a new 52-week high with a share price of $10.04. The stock has a 50-day moving average price of $9.71 and a 200-day moving average price of $9.48. The company has a market cap of $1.20 billion and a PE ratio of 2.82. Canoe EIT Income Fund recently declared a dividend with a yield of 9.25%. The ex-dividend date is February 21st. Canoe EIT Income Fund is a closed-ended balanced fund managed by Canoe Financial LP and invests in the public equity and fixed income markets of Canada and the United States. [2781a010]