UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,511 shares of the construction company’s stock after selling 347 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in UFP Industries were worth $729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in UFP Industries by 82.3% in the 1st 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. Picton Mahoney Asset Management raised its stake in UFP Industries by 103.3% in the 2nd quarter. Picton Mahoney Asset Management now owns 115,549 shares of the construction company’s stock valued at $12,941,000 after purchasing an additional 58,724 shares during the last quarter. Stifel Financial Corp lifted its holdings in UFP Industries by 194.1% in the 4th quarter. Stifel Financial Corp now owns 85,532 shares of the construction company’s stock valued at $10,738,000 after purchasing an additional 56,453 shares in the last quarter. F M Investments LLC acquired a new stake in UFP Industries during the 2nd quarter worth $6,028,000. Finally, First Trust Advisors LP grew its holdings 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 buying 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 Trading Down 2.3 %

UFPI opened at $129.04 on Thursday. The stock has a market capitalization of $7.86 billion, a PE ratio of 16.05 and a beta of 1.39. UFP Industries, Inc. has a one year low of $90.62 and a one year high of $136.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.18 and a current ratio of 4.34. The business’s 50 day moving average price is $121.84 and its 200 day moving average price is $118.12.

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

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were paid a dividend of $0.33 per share. The ex-dividend date was Friday, August 30th. This represents a $1.32 dividend on an annualized basis and a yield of 1.02%. UFP Industries’s dividend payout ratio (DPR) is presently 16.42%.

Analyst Ratings Changes

A number of research firms recently weighed in on UFPI. 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 target price on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Benchmark increased their price target on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wedbush reissued a “neutral” rating and set a $120.00 price objective (up previously from $102.00) on shares of UFP Industries in a research note on Tuesday, July 30th. Finally, BMO Capital Markets raised their target price on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, UFP Industries currently has a consensus rating of “Moderate Buy” and a consensus price target 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.