Vanguard Personalized Indexing Management LLC Grows Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,185 shares of the construction company’s stock after purchasing an additional 167 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in UFP Industries were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of UFPI. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of UFP Industries by 82.3% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 252,893 shares of the construction company’s stock worth $29,007,000 after purchasing an additional 114,166 shares in the last quarter. Picton Mahoney Asset Management increased its stake in shares of UFP Industries by 103.3% during the second quarter. Picton Mahoney Asset Management now owns 115,549 shares of the construction company’s stock worth $12,941,000 after purchasing an additional 58,724 shares in the last quarter. Stifel Financial Corp increased its stake in shares of UFP Industries by 194.1% during the fourth quarter. Stifel Financial Corp now owns 85,532 shares of the construction company’s stock worth $10,738,000 after purchasing an additional 56,453 shares in the last quarter. F M Investments LLC purchased a new stake in shares of UFP Industries during the second quarter worth about $6,028,000. Finally, First Trust Advisors LP increased its stake in shares of UFP Industries by 21.0% during the fourth quarter. First Trust Advisors LP now owns 291,228 shares of the construction company’s stock worth $36,564,000 after purchasing an additional 50,537 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $132.11 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.34 and a quick ratio of 3.18. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 16.43 and a beta of 1.39. The company’s 50-day moving average is $121.75 and its two-hundred day moving average is $118.04. UFP Industries, Inc. has a 1-year low of $90.62 and a 1-year high of $136.93.

UFP Industries (NASDAQ:UFPI) last posted 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. UFP Industries had a net margin of 7.02% and a return on equity of 15.86%. UFP Industries’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.36 EPS. Analysts forecast that UFP Industries, Inc. will post 7.27 EPS for the current year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.32 annualized dividend and a yield of 1.00%. UFP Industries’s payout ratio is 16.42%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of 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 restated a “neutral” rating and set a $120.00 price target (up from $102.00) on shares of UFP Industries in a research report on Tuesday, July 30th. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 5th. Stifel Nicolaus boosted 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. Finally, Benchmark boosted their price target on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus price target of $132.60.

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.