UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 33.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,744 shares of the construction company’s stock after selling 9,870 shares during the period. Ensign Peak Advisors Inc’s holdings in UFP Industries were worth $2,211,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of UFP Industries during the second quarter worth $29,000. Opal Wealth Advisors LLC acquired a new stake in UFP Industries during the first quarter worth about $33,000. Rise Advisors LLC bought a new position in UFP Industries in the first quarter worth about $33,000. Triad Wealth Partners LLC acquired a new position in UFP Industries in the second quarter valued at approximately $56,000. Finally, GAMMA Investing LLC grew its holdings in shares of UFP Industries by 84.2% during the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after purchasing an additional 234 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Stock Up 1.3 %

UFP Industries stock opened at $131.27 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 $8.00 billion, a price-to-earnings ratio of 16.33 and a beta of 1.39. The company’s 50-day moving average price is $122.21 and its two-hundred day moving average price is $118.32. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors 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 annualized dividend and a yield of 1.01%. UFP Industries’s dividend payout ratio is currently 16.42%.

Analyst Upgrades and Downgrades

UFPI has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Benchmark increased their price objective on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Wedbush restated a “neutral” rating and issued a $120.00 price target (up previously from $102.00) on shares of UFP Industries in a research note on Tuesday, July 30th. Finally, StockNews.com downgraded UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.60.

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.