UFP Industries, Inc. $UFPI Shares Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,105 shares of the construction company’s stock after purchasing an additional 105 shares during the period. Great Lakes Advisors LLC’s holdings in UFP Industries were worth $2,259,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UFPI. State of Wyoming grew its position in shares of UFP Industries by 8.4% during the 1st quarter. State of Wyoming now owns 1,294 shares of the construction company’s stock valued at $139,000 after buying an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in UFP Industries by 39.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock valued at $45,000 after acquiring an additional 119 shares during the period. Park Avenue Securities LLC grew its holdings in shares of UFP Industries by 6.5% during the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company’s stock valued at $238,000 after purchasing an additional 136 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of UFP Industries by 2.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 6,950 shares of the construction company’s stock valued at $744,000 after purchasing an additional 141 shares during the last quarter. Finally, Bridge City Capital LLC raised its position in shares of UFP Industries by 0.3% during the 1st quarter. Bridge City Capital LLC now owns 56,123 shares of the construction company’s stock worth $6,007,000 after purchasing an additional 145 shares during the period. 81.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UFPI shares. Loop Capital initiated coverage on UFP Industries in a research report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price objective for the company. Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $134.00.

UFP Industries Stock Performance

Shares of UFPI stock opened at $99.72 on Thursday. UFP Industries, Inc. has a 12-month low of $93.00 and a 12-month high of $141.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 17.31 and a beta of 1.47. The business has a 50 day simple moving average of $102.30 and a 200 day simple moving average of $102.65.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted $2.05 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 29th. UFP Industries’s dividend payout ratio is currently 24.31%.

UFP Industries Profile

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.