B. Metzler seel. Sohn & Co. Holding AG Invests $2.06 Million in UFP Industries, Inc. (NASDAQ:UFPI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 15,680 shares of the construction company's stock, valued at approximately $2,057,000.

A number of other large investors have also recently made changes to their positions in UFPI. Signaturefd LLC increased its position in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company's stock valued at $41,000 after purchasing an additional 76 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of UFP Industries by 0.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company's stock valued at $1,630,000 after purchasing an additional 105 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of UFP Industries by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company's stock valued at $866,000 after purchasing an additional 130 shares during the last quarter. GAMMA Investing LLC increased its position in shares of UFP Industries by 25.8% during the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company's stock valued at $84,000 after purchasing an additional 132 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of UFP Industries by 0.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company's stock valued at $4,762,000 after purchasing an additional 137 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stifel Nicolaus upped 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. BMO Capital Markets upped 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. Benchmark upped their price objective on UFP Industries from $133.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, Wedbush reiterated an "outperform" rating and issued a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $148.00.

UFP Industries Stock Up 2.0 %

Shares of NASDAQ:UFPI traded up $2.55 on Friday, hitting $133.07. 220,124 shares of the company's stock were exchanged, compared to its average volume of 279,025. The firm's 50-day moving average is $130.63 and its 200 day moving average is $122.32. The company has a market capitalization of $8.08 billion, a PE ratio of 18.30 and a beta of 1.39. UFP Industries, Inc. has a 1-year low of $107.49 and a 1-year high of $139.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.76 billion. During the same period last year, the company earned $2.10 earnings per share. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. Sell-side analysts predict that UFP Industries, Inc. will post 6.89 EPS for the current year.

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.99%. The ex-dividend date is Monday, December 2nd. UFP Industries's payout ratio is currently 18.16%.

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.