Crossmark Global Holdings Inc. Has $550,000 Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Crossmark Global Holdings Inc. decreased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 27.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,193 shares of the construction company’s stock after selling 1,556 shares during the period. Crossmark Global Holdings Inc.’s holdings in UFP Industries were worth $550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in UFP Industries by 0.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company’s stock worth $361,155,000 after buying an additional 28,601 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in UFP Industries by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company’s stock worth $116,467,000 after buying an additional 32,555 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in UFP Industries by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company’s stock worth $90,857,000 after buying an additional 5,784 shares in the last quarter. AQR Capital Management LLC lifted its position in UFP Industries by 22.7% during the 2nd quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock worth $67,594,000 after buying an additional 112,518 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its position in UFP Industries by 1.0% during the 3rd quarter. Copeland Capital Management LLC now owns 546,197 shares of the construction company’s stock worth $71,667,000 after buying an additional 5,515 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Performance

Shares of UFPI stock opened at $129.21 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The stock has a market cap of $7.85 billion, a PE ratio of 17.77 and a beta of 1.39. The stock has a 50-day moving average of $129.45 and a 200-day moving average of $121.98. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $139.54.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $2.10 earnings per share. As a group, sell-side analysts expect that UFP Industries, Inc. will post 7.01 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.02%. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UFPI. Stifel Nicolaus upped their price target on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Benchmark upped their target price on shares of UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets upped their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Finally, Wedbush restated an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.