SG Americas Securities LLC Purchases 537 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

SG Americas Securities LLC increased its position in UFP Industries, Inc. (NASDAQ:UFPI) by 18.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,466 shares of the construction company’s stock after buying an additional 537 shares during the period. SG Americas Securities LLC’s holdings in UFP Industries were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. TFG Advisers LLC raised its holdings in UFP Industries by 5.2% in the 1st quarter. TFG Advisers LLC now owns 1,871 shares of the construction company’s stock worth $230,000 after acquiring an additional 92 shares during the period. Meeder Asset Management Inc. grew its position in UFP Industries by 0.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company’s stock worth $1,630,000 after purchasing an additional 105 shares during the last quarter. Cadence Bank grew its position in UFP Industries by 0.6% in the 1st quarter. Cadence Bank now owns 19,464 shares of the construction company’s stock worth $2,394,000 after purchasing an additional 110 shares during the last quarter. SummerHaven Investment Management LLC grew its position in UFP Industries by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company’s stock worth $866,000 after purchasing an additional 130 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in UFP Industries by 0.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company’s stock worth $4,762,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Benchmark raised their price target on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets raised 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. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 5th. Finally, Wedbush upgraded shares of UFP Industries from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $120.00 to $155.00 in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.60.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $136.85 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.18 and a current ratio of 4.34. The firm’s 50-day simple moving average is $124.61 and its 200-day simple moving average is $119.73. UFP Industries, Inc. has a twelve month low of $90.62 and a twelve month high of $139.54. The firm has a market cap of $8.45 billion, a P/E ratio of 17.02 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results 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 firm 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 company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.36 earnings per share. As a group, research analysts expect that UFP Industries, Inc. will post 7.29 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, August 30th. UFP Industries’s payout ratio is currently 16.42%.

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.