UFP Industries, Inc. $UFPI Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its position in UFP Industries, Inc. (NASDAQ:UFPI) by 53.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,092 shares of the construction company’s stock after selling 13,770 shares during the quarter. Hantz Financial Services Inc.’s holdings in UFP Industries were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UFPI. Boston Partners increased its stake in shares of UFP Industries by 118.6% in the first quarter. Boston Partners now owns 1,469,300 shares of the construction company’s stock valued at $157,270,000 after purchasing an additional 797,069 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of UFP Industries by 17.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company’s stock valued at $401,550,000 after acquiring an additional 568,741 shares during the period. Nuveen LLC acquired a new position in shares of UFP Industries during the first quarter valued at approximately $18,224,000. Allspring Global Investments Holdings LLC increased its stake in shares of UFP Industries by 14.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,207,793 shares of the construction company’s stock valued at $127,386,000 after acquiring an additional 156,180 shares during the period. Finally, Jane Street Group LLC boosted its stake in UFP Industries by 414.9% during the 1st quarter. Jane Street Group LLC now owns 120,718 shares of the construction company’s stock valued at $12,922,000 after purchasing an additional 97,274 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Trading Up 0.4%

UFP Industries stock opened at $92.13 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 17.03 and a beta of 1.45. UFP Industries, Inc. has a 1 year low of $88.78 and a 1 year high of $141.33. The firm’s 50 day moving average price is $95.45 and its two-hundred day moving average price is $99.03.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.08). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 10.16% and a net margin of 5.00%.The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. On average, research analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, December 1st. UFP Industries’s payout ratio is presently 25.88%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $112.00 in a research note on Friday. Loop Capital assumed coverage on UFP Industries in a research note on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price target for the company. Zacks Research raised UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday. Finally, Stifel Nicolaus set a $95.00 price target on UFP Industries and gave the company a “hold” rating in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $121.80.

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.