UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,914 shares of the construction company’s stock after selling 2,047 shares during the period. Amalgamated Bank’s holdings in UFP Industries were worth $3,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quantbot Technologies LP bought a new stake in UFP Industries during the 1st quarter valued at $726,000. SG Americas Securities LLC lifted its holdings in UFP Industries by 222.6% in the first quarter. SG Americas Securities LLC now owns 3,781 shares of the construction company’s stock worth $465,000 after purchasing an additional 2,609 shares during the period. Sei Investments Co. lifted its holdings in UFP Industries by 16.7% in the first quarter. Sei Investments Co. now owns 79,160 shares of the construction company’s stock worth $9,738,000 after purchasing an additional 11,331 shares during the period. Meeder Asset Management Inc. grew its position in UFP Industries by 211.2% in the 1st quarter. Meeder Asset Management Inc. now owns 14,451 shares of the construction company’s stock valued at $1,778,000 after buying an additional 9,808 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in UFP Industries by 1.3% during the 1st quarter. QRG Capital Management Inc. now owns 47,109 shares of the construction company’s stock valued at $5,795,000 after buying an additional 620 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Up 0.9 %

UFPI stock opened at $134.49 on Friday. The firm has a market cap of $8.17 billion, a PE ratio of 18.50 and a beta of 1.39. UFP Industries, Inc. has a 12 month low of $100.25 and a 12 month 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 firm has a 50 day simple moving average of $127.78 and a 200 day simple moving average of $121.31.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. UFP Industries’s revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the company posted $2.10 EPS. Equities research analysts forecast that UFP Industries, Inc. will post 7.01 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given 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 0.98%. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

Analyst Ratings Changes

UFPI has been the subject of a number of research analyst reports. 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 note on Wednesday, July 31st. Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research report on Monday, November 4th. BMO Capital Markets increased their price target on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. 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 note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.