UFP Industries, Inc. (NASDAQ:UFPI) Holdings Boosted by Atria Investments Inc

Atria Investments Inc raised its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 19.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,581 shares of the construction company’s stock after buying an additional 1,871 shares during the period. Atria Investments Inc’s holdings in UFP Industries were worth $1,520,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of UFP Industries by 300.0% in the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after purchasing an additional 144 shares during the last quarter. Headlands Technologies LLC acquired a new position in UFP Industries during the 2nd quarter worth $29,000. Signaturefd LLC lifted its position in UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in UFP Industries during the 2nd quarter worth $56,000. Finally, GAMMA Investing LLC lifted its position in UFP Industries by 84.2% during the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of UFPI stock opened at $129.21 on Friday. UFP Industries, Inc. has a 1 year low of $107.49 and a 1 year high of $139.54. The firm’s 50 day moving average is $129.45 and its 200-day moving average is $121.91. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 17.77 and a beta of 1.39. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the company posted $2.10 EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. Sell-side analysts forecast that UFP Industries, Inc. will post 7.01 EPS for the current fiscal year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, December 2nd. UFP Industries’s payout ratio is presently 18.16%.

Analysts Set New Price Targets

UFPI has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price 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. Wedbush restated an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a report on Monday, November 4th. BMO Capital Markets upped 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. Finally, Benchmark upped their target price on shares of UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, UFP Industries currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.