Swiss National Bank Cuts Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Swiss National Bank decreased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 0.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 120,650 shares of the construction company’s stock after selling 400 shares during the period. Swiss National Bank’s holdings in UFP Industries were worth $15,830,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UFPI. UMB Bank n.a. boosted its position in shares of UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after buying an additional 144 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of UFP Industries during the second quarter valued at approximately $29,000. Signaturefd LLC boosted its position in shares of UFP Industries by 31.8% during the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after buying an additional 76 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in UFP Industries in the second quarter worth $56,000. Finally, GAMMA Investing LLC boosted its position in UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after purchasing an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Up 2.0 %

Shares of NASDAQ UFPI opened at $133.07 on Friday. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $139.54. 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 business’s fifty day moving average price is $130.63 and its 200-day moving average price is $122.32. The stock has a market capitalization of $8.08 billion, a PE ratio of 18.30 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last issued 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). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the company earned $2.10 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. On average, equities research analysts anticipate that UFP Industries, Inc. will post 6.89 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. UFP Industries’s payout ratio is 18.16%.

Wall Street Analysts Forecast Growth

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