UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Profund Advisors LLC

Profund Advisors LLC cut its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 20.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,998 shares of the construction company’s stock after selling 763 shares during the quarter. Profund Advisors LLC’s holdings in UFP Industries were worth $336,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UFPI. Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of 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 boosted its stake in UFP Industries by 103.3% in the second quarter. Picton Mahoney Asset Management now owns 115,549 shares of the construction company’s stock valued at $12,941,000 after acquiring an additional 58,724 shares during the period. Stifel Financial Corp boosted its stake in UFP Industries by 194.1% in the fourth quarter. Stifel Financial Corp now owns 85,532 shares of the construction company’s stock valued at $10,738,000 after acquiring an additional 56,453 shares during the period. F M Investments LLC bought a new position in shares of UFP Industries during the second quarter valued at approximately $6,028,000. Finally, First Trust Advisors LP raised its position in shares of UFP Industries by 21.0% during the 4th 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 period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UFP Industries Stock Up 0.4 %

UFP Industries stock opened at $129.61 on Friday. UFP Industries, Inc. has a 52 week low of $90.62 and a 52 week high of $136.93. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 16.12 and a beta of 1.39. The company’s 50-day moving average price is $122.00 and its two-hundred day moving average price is $118.20. 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 (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. The business 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%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the business earned $2.36 earnings per share. On average, analysts expect that UFP Industries, Inc. will post 7.27 EPS for the current fiscal year.

UFP Industries Dividend Announcement

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

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.