Royce & Associates LP Sells 31,639 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Royce & Associates LP lessened its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 620,312 shares of the construction company's stock after selling 31,639 shares during the period. UFP Industries makes up about 0.7% of Royce & Associates LP's investment portfolio, making the stock its 13th biggest holding. Royce & Associates LP owned about 1.02% of UFP Industries worth $81,391,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of UFP Industries by 222.6% during the first quarter. SG Americas Securities LLC now owns 3,781 shares of the construction company's stock worth $465,000 after acquiring an additional 2,609 shares during the period. Sei Investments Co. lifted its stake in UFP Industries by 16.7% in the 1st quarter. Sei Investments Co. now owns 79,160 shares of the construction company's stock valued at $9,738,000 after acquiring an additional 11,331 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of UFP Industries by 4.7% during the 1st quarter. ProShare Advisors LLC now owns 13,816 shares of the construction company's stock worth $1,700,000 after acquiring an additional 616 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of UFP Industries in the first quarter valued at approximately $363,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in UFP Industries by 21.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 20,890 shares of the construction company's stock worth $2,570,000 after purchasing an additional 3,701 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Price Performance

Shares of UFPI stock traded down $2.86 on Friday, hitting $129.21. 194,415 shares of the company's stock were exchanged, compared to its average volume of 281,128. The company has a 50 day moving average of $129.12 and a 200 day moving average of $121.82. The stock has a market cap of $7.85 billion, a P/E ratio of 18.17 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. UFP Industries, Inc. has a 12 month low of $107.49 and a 12 month high of $139.54.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.89 by ($0.25). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The company's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 earnings per share. On average, equities research analysts predict that UFP Industries, Inc. will post 7.01 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 issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries's dividend payout ratio (DPR) is 18.16%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UFPI. Stifel Nicolaus boosted their target price on shares of UFP Industries from $125.00 to $157.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. BMO Capital Markets lifted 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 report on Wednesday, July 31st. Benchmark increased 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. Finally, Wedbush reaffirmed an "outperform" rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $148.00.

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.