Headlands Technologies LLC Invests $29,000 in UFP Industries, Inc. (NASDAQ:UFPI)

Headlands Technologies LLC acquired a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 260 shares of the construction company’s stock, valued at approximately $29,000.

Several other large investors have also modified their holdings of UFPI. Norges Bank bought a new stake in shares of UFP Industries during the 4th quarter worth $86,885,000. Wells Fargo & Company MN boosted its position 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 buying an additional 369,687 shares during the period. Henrickson Nauta Wealth Advisors Inc. boosted its position in shares of UFP Industries by 82.3% in the first 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 period. Picton Mahoney Asset Management boosted its position in shares of UFP Industries by 103.3% in the second quarter. Picton Mahoney Asset Management now owns 115,549 shares of the construction company’s stock worth $12,941,000 after buying an additional 58,724 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of UFP Industries by 194.1% in the fourth quarter. Stifel Financial Corp now owns 85,532 shares of the construction company’s stock worth $10,738,000 after buying an additional 56,453 shares during the period. 81.81% of the stock is owned by institutional investors.

UFP Industries Price Performance

NASDAQ UFPI opened at $125.99 on Wednesday. UFP Industries, Inc. has a fifty-two week low of $90.62 and a fifty-two week high of $136.93. The stock’s 50-day moving average is $120.04 and its two-hundred day moving average is $117.40. 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 cap of $7.78 billion, a P/E ratio of 15.70 and a beta of 1.39.

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. 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. The business’s revenue was down 6.9% compared to the same quarter last year. On average, analysts anticipate that UFP Industries, Inc. will post 7.27 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Friday, August 30th. This represents a $1.32 annualized dividend and a yield of 1.05%. UFP Industries’s dividend payout ratio (DPR) is currently 16.42%.

Analyst Ratings Changes

UFPI has been the subject of several recent analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $120.00 target price (up previously from $102.00) on shares of UFP Industries in a research report on Tuesday, July 30th. Benchmark raised their target price on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their target price 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 lifted their price objective on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.