Copeland Capital Management LLC Purchases 5,515 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Copeland Capital Management LLC raised its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 546,197 shares of the construction company's stock after buying an additional 5,515 shares during the quarter. UFP Industries comprises about 1.2% of Copeland Capital Management LLC's holdings, making the stock its 26th largest position. Copeland Capital Management LLC owned about 0.90% of UFP Industries worth $71,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UFPI. Whittier Trust Co. of Nevada Inc. bought a new stake in UFP Industries in the 3rd quarter valued at about $70,000. Allspring Global Investments Holdings LLC raised its position in shares of UFP Industries by 3.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company's stock valued at $116,467,000 after purchasing an additional 32,555 shares during the period. Vest Financial LLC lifted its stake in shares of UFP Industries by 19.0% during the 3rd quarter. Vest Financial LLC now owns 11,382 shares of the construction company's stock valued at $1,493,000 after buying an additional 1,820 shares in the last quarter. Harfst & Associates Inc. boosted its holdings in UFP Industries by 3.7% in the 3rd quarter. Harfst & Associates Inc. now owns 23,683 shares of the construction company's stock worth $3,107,000 after buying an additional 835 shares during the period. Finally, Raymond James & Associates grew its stake in UFP Industries by 6.5% in the 3rd quarter. Raymond James & Associates now owns 222,660 shares of the construction company's stock valued at $29,215,000 after buying an additional 13,575 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Price Performance

Shares of NASDAQ:UFPI traded down $2.09 during trading on Tuesday, reaching $130.03. The company had a trading volume of 200,519 shares, compared to its average volume of 279,965. UFP Industries, Inc. has a 12 month low of $90.62 and a 12 month high of $139.54. The company has a current ratio of 4.34, a quick ratio of 3.18 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $7.92 billion, a P/E ratio of 17.09 and a beta of 1.39. The company has a fifty day moving average of $125.59 and a two-hundred day moving average of $120.03.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. UFP Industries had a return on equity of 15.86% and a net margin of 7.02%. The company's revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.36 earnings per share. Equities research analysts forecast that UFP Industries, Inc. will post 7.29 earnings per share for the current year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, August 30th. UFP Industries's payout ratio is currently 17.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com lowered UFP Industries from a "strong-buy" rating to a "buy" rating in a report on Friday, July 5th. Benchmark lifted their target price on UFP Industries from $133.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. BMO Capital Markets increased their price target on shares of UFP Industries from $115.00 to $125.00 and gave the stock a "market perform" rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective 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. Finally, Wedbush upgraded shares of UFP Industries from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $120.00 to $155.00 in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, UFP Industries presently has an average rating of "Moderate Buy" and a consensus target price of $139.60.

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.