UFP Industries, Inc. (NASDAQ:UFPI) Stock Position Reduced by Xponance Inc.

Xponance Inc. decreased its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,272 shares of the construction company’s stock after selling 510 shares during the quarter. Xponance Inc.’s holdings in UFP Industries were worth $926,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of UFP Industries by 0.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company’s stock worth $361,155,000 after acquiring an additional 28,601 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 purchasing an additional 5,784 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of UFP Industries by 5.2% during the 4th quarter. Wasatch Advisors LP now owns 334,351 shares of the construction company’s stock valued at $41,978,000 after buying an additional 16,486 shares during the last quarter. First Trust Advisors LP grew its stake in shares of UFP Industries by 21.0% in the 4th quarter. First Trust Advisors LP now owns 291,228 shares of the construction company’s stock valued at $36,564,000 after buying an additional 50,537 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. increased its holdings in UFP Industries by 82.3% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 252,893 shares of the construction company’s stock worth $29,007,000 after buying an additional 114,166 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Up 1.3 %

UFPI stock opened at $131.27 on Friday. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 16.33 and a beta of 1.39. The company has a 50-day moving average of $122.21 and a two-hundred day moving average of $118.36. UFP Industries, Inc. has a 52-week low of $90.62 and a 52-week high of $136.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.34 and a quick ratio of 3.18.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Tuesday, July 30th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.02. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. UFP Industries had a return on equity of 15.86% and a net margin of 7.02%. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.36 EPS. As a group, equities research analysts anticipate that UFP Industries, Inc. will post 7.27 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, August 30th. UFP Industries’s dividend payout ratio (DPR) is currently 16.42%.

Wall Street Analyst Weigh In

UFPI has been the subject of a number of analyst reports. StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 5th. BMO Capital Markets upped their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Wedbush reissued a “neutral” rating and set a $120.00 target price (up from $102.00) on shares of UFP Industries in a research report on Tuesday, July 30th. Stifel Nicolaus boosted their price target on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Benchmark increased their price objective on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, UFP Industries has an average rating of “Moderate Buy” and a consensus target price of $132.60.

UFP Industries Company 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.