Segall Bryant & Hamill LLC Buys 4,579 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Segall Bryant & Hamill LLC raised its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,010 shares of the construction company's stock after acquiring an additional 4,579 shares during the quarter. Segall Bryant & Hamill LLC owned 0.19% of UFP Industries worth $15,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UFPI. Blair William & Co. IL boosted its holdings in UFP Industries by 42.6% during the first quarter. Blair William & Co. IL now owns 6,509 shares of the construction company's stock worth $801,000 after buying an additional 1,943 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of UFP Industries during the first quarter worth $1,214,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of UFP Industries by 4.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 18,455 shares of the construction company's stock valued at $2,270,000 after purchasing an additional 816 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in UFP Industries by 0.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company's stock worth $4,762,000 after purchasing an additional 137 shares in the last quarter. Finally, BOKF NA raised its holdings in UFP Industries by 108.0% during the 1st quarter. BOKF NA now owns 3,224 shares of the construction company's stock worth $387,000 after buying an additional 1,674 shares during the period. Institutional investors own 81.81% of the company's stock.

Wall Street Analysts Forecast Growth

UFPI has been the topic of several analyst reports. Wedbush reissued an "outperform" rating and issued a $155.00 target price on shares of UFP Industries in a research report on Monday, November 4th. Benchmark boosted their price target on shares of 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 boosted their target price on 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, Stifel Nicolaus raised their price target on shares of UFP Industries from $125.00 to $157.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, UFP Industries has a consensus rating of "Moderate Buy" and an average target price of $148.00.

UFP Industries Trading Up 0.4 %

UFP Industries stock opened at $128.63 on Thursday. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week 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. The firm has a market capitalization of $7.81 billion, a PE ratio of 17.69 and a beta of 1.39. The business's 50-day simple moving average is $130.36 and its 200-day simple moving average is $122.26.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 EPS. Equities research analysts forecast that UFP Industries, Inc. will post 6.89 earnings per share for the current year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 1.03%. UFP Industries's dividend payout ratio (DPR) is currently 18.16%.

UFP Industries Company 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.