Wasatch Advisors LP Has $126.52 Million Holdings in UFP Industries, Inc. $UFPI

Wasatch Advisors LP lessened its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 31.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,394,340 shares of the construction company’s stock after selling 643,568 shares during the quarter. Wasatch Advisors LP’s holdings in UFP Industries were worth $126,522,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UFPI. IAG Wealth Partners LLC bought a new stake in UFP Industries in the first quarter valued at $28,000. Root Financial Partners LLC lifted its holdings in shares of UFP Industries by 86.0% during the first quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock valued at $29,000 after acquiring an additional 148 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after purchasing an additional 114 shares in the last quarter. Signaturefd LLC boosted its stake in shares of UFP Industries by 66.1% in the 4th quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock valued at $35,000 after purchasing an additional 154 shares in the last quarter. Finally, Danske Bank A S boosted its stake in shares of UFP Industries by 300.0% in the 4th quarter. Danske Bank A S now owns 400 shares of the construction company’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Performance

Shares of NASDAQ:UFPI opened at $92.82 on Wednesday. The business has a fifty day moving average of $86.93 and a 200-day moving average of $92.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.98. UFP Industries, Inc. has a twelve month low of $77.89 and a twelve month high of $118.00. The firm has a market cap of $5.12 billion, a PE ratio of 21.29 and a beta of 1.23.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. UFP Industries had a net margin of 3.99% and a return on equity of 8.00%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.79 billion. On average, equities research analysts predict that UFP Industries, Inc. will post 4.56 EPS for the current fiscal year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 1st. UFP Industries’s dividend payout ratio is presently 33.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 target price for the company in a research report on Tuesday, May 5th. Weiss Ratings raised shares of UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Benchmark dropped their price objective on shares of UFP Industries from $125.00 to $115.00 and set a “buy” rating for the company in a report on Friday, May 1st. Zacks Research upgraded shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Finally, DA Davidson reduced their target price on UFP Industries from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus target price of $103.75.

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.