Raymond James & Associates Increases Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Raymond James & Associates increased its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,660 shares of the construction company's stock after purchasing an additional 13,575 shares during the quarter. Raymond James & Associates owned approximately 0.36% of UFP Industries worth $29,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. UMB Bank n.a. boosted its position in UFP Industries by 300.0% during the 3rd 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 in the last quarter. Headlands Technologies LLC bought a new stake in UFP Industries during the 2nd quarter valued at approximately $29,000. Triad Wealth Partners LLC bought a new stake in UFP Industries during the 2nd quarter valued at approximately $56,000. GAMMA Investing LLC boosted 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 valued at $57,000 after acquiring an additional 234 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in UFP Industries during the 1st quarter valued at approximately $89,000. 81.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on UFPI. BMO Capital Markets lifted 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. StockNews.com cut UFP Industries from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 5th. Benchmark boosted their price target on UFP Industries from $133.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their price target on UFP Industries from $125.00 to $157.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Finally, Wedbush raised 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 report 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.60.

UFP Industries Stock Up 0.6 %

NASDAQ UFPI traded up $0.81 during mid-day trading on Thursday, reaching $130.81. The stock had a trading volume of 195,836 shares, compared to its average volume of 279,727. UFP Industries, Inc. has a 1 year low of $90.62 and a 1 year high of $139.54. The stock has a market cap of $8.08 billion, a PE ratio of 16.27 and a beta of 1.39. The company has a fifty day moving average price of $126.26 and a 200 day moving average price of $120.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.34 and a quick ratio of 3.18.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. UFP Industries had a net margin of 7.02% and a return on equity of 15.86%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business earned $2.36 EPS. The firm's revenue for the quarter was down 6.9% on a year-over-year basis. On average, research analysts expect that UFP Industries, Inc. will post 7.29 earnings per share for the current year.

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.