Allspring Global Investments Holdings LLC grew its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 887,637 shares of the construction company's stock after acquiring an additional 32,555 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.44% of UFP Industries worth $116,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of UFP Industries by 300.0% during the third quarter. UMB Bank n.a. now owns 192 shares of the construction company's stock valued at $25,000 after acquiring an additional 144 shares during the last quarter. Headlands Technologies LLC purchased a new position in UFP Industries in the second quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new stake in UFP Industries in the first quarter worth $33,000. Triad Wealth Partners LLC purchased a new position in shares of UFP Industries during the 2nd quarter valued at $56,000. Finally, GAMMA Investing LLC increased its holdings in UFP Industries by 84.2% in 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. 81.81% of the stock is owned by hedge funds and other institutional investors.
UFP Industries Trading Down 1.4 %
Shares of UFPI traded down $1.83 during trading hours on Monday, hitting $132.12. The company had a trading volume of 239,233 shares, compared to its average volume of 280,356. UFP Industries, Inc. has a 52-week low of $90.62 and a 52-week high of $139.54. The company has a quick ratio of 3.18, a current ratio of 4.34 and a debt-to-equity ratio of 0.07. The stock's 50 day moving average price is $125.27 and its 200 day moving average price is $119.93. The firm has a market cap of $8.05 billion, a P/E ratio of 17.09 and a beta of 1.39.
UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. UFP Industries had a return on equity of 15.86% and a net margin of 7.02%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm posted $2.36 earnings per share. The business's quarterly revenue was down 6.9% compared to the same quarter last year. On average, research analysts predict that UFP Industries, Inc. will post 7.29 EPS for the current year.
UFP Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were paid a $0.33 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. UFP Industries's payout ratio is presently 17.08%.
Analyst Ratings Changes
A number of brokerages recently commented on UFPI. BMO Capital Markets upped their price target 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. Stifel Nicolaus raised their target price on shares of UFP Industries from $125.00 to $157.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Wedbush raised shares of UFP Industries from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $120.00 to $155.00 in a research note on Tuesday, October 8th. StockNews.com downgraded shares of UFP Industries from a "strong-buy" rating to a "buy" rating in a report on Friday, July 5th. Finally, Benchmark lifted their price target on UFP Industries from $133.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.60.
Get Our Latest Analysis on UFPI
About UFP Industries
(
Free Report)
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.
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