Bokf Na Buys 2,544 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Bokf Na boosted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 78.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,768 shares of the construction company’s stock after purchasing an additional 2,544 shares during the quarter. Bokf Na’s holdings in UFP Industries were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in UFPI. Price T Rowe Associates Inc. MD raised its stake in UFP Industries by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company’s stock valued at $90,857,000 after buying an additional 5,784 shares during the last quarter. Norges Bank purchased a new position in shares of UFP Industries in the fourth quarter worth about $86,885,000. Wells Fargo & Company MN raised its stake in shares of UFP Industries by 871.3% in the fourth quarter. Wells Fargo & Company MN now owns 412,116 shares of the construction company’s stock worth $51,741,000 after purchasing an additional 369,687 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of UFP Industries by 5.2% in the fourth quarter. Wasatch Advisors LP now owns 334,351 shares of the construction company’s stock worth $41,978,000 after purchasing an additional 16,486 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of UFP Industries by 21.0% in 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 during the last quarter. Institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Up 3.9 %

Shares of UFPI stock opened at $121.95 on Monday. The company has a current ratio of 4.34, a quick ratio of 3.18 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a twelve month low of $90.62 and a twelve month high of $136.93. The stock has a 50 day moving average of $119.74 and a 200 day moving average of $117.33. The stock has a market cap of $7.43 billion, a P/E ratio of 15.17 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $2.36 earnings per share. UFP Industries’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that UFP Industries, Inc. will post 7.27 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, August 30th. UFP Industries’s payout ratio is currently 16.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $120.00 price objective (up from $102.00) on shares of UFP Industries in a research note on Tuesday, July 30th. BMO Capital Markets raised their price objective 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. StockNews.com cut UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 5th. Benchmark lifted their price target on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their price target on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.60.

About UFP Industries

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.