SG Americas Securities LLC Has $1.35 Million Holdings in UFP Industries, Inc. $UFPI

SG Americas Securities LLC lessened its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 31.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 14,698 shares of the construction company’s stock after selling 6,801 shares during the period. SG Americas Securities LLC’s holdings in UFP Industries were worth $1,354,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UFPI. Royal Bank of Canada raised its stake in UFP Industries by 3.0% during the first quarter. Royal Bank of Canada now owns 61,641 shares of the construction company’s stock worth $6,597,000 after acquiring an additional 1,798 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of UFP Industries by 8.1% during the first quarter. Integrated Wealth Concepts LLC now owns 2,959 shares of the construction company’s stock valued at $317,000 after acquiring an additional 221 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of UFP Industries by 10.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,209 shares of the construction company’s stock valued at $13,831,000 after purchasing an additional 12,043 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of UFP Industries by 90.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock valued at $54,000 after purchasing an additional 259 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of UFP Industries in the 2nd quarter worth about $232,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on UFPI shares. Weiss Ratings cut shares of UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. DA Davidson reduced their price target on shares of UFP Industries from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Stifel Nicolaus reduced their price target on shares of UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. Benchmark decreased their price objective on shares of UFP Industries from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Zacks Research lowered shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.40.

UFP Industries Price Performance

UFP Industries stock opened at $89.19 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.07 and a current ratio of 4.64. The firm has a market cap of $5.04 billion, a P/E ratio of 19.47 and a beta of 1.22. The business’s fifty day moving average is $85.15 and its two-hundred day moving average is $94.00. UFP Industries, Inc. has a 52 week low of $77.89 and a 52 week high of $118.00.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Wednesday, April 29th. The construction company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.26). UFP Industries had a net margin of 4.31% and a return on equity of 8.50%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $1.30 earnings per share. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts forecast that UFP Industries, Inc. will post 4.6 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.6%. UFP Industries’s dividend payout ratio is currently 31.44%.

UFP Industries 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.