Unison Advisors LLC Takes $733,000 Position in UFP Industries, Inc. $UFPI

Unison Advisors LLC acquired a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,052 shares of the construction company’s stock, valued at approximately $733,000.

A number of other hedge funds have also modified their holdings of UFPI. Royal Bank of Canada lifted its stake in UFP Industries by 3.0% in the 1st quarter. Royal Bank of Canada now owns 61,641 shares of the construction company’s stock valued at $6,597,000 after acquiring an additional 1,798 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of UFP Industries by 8.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,959 shares of the construction company’s stock worth $317,000 after acquiring an additional 221 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of UFP Industries by 10.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,209 shares of the construction company’s stock valued at $13,831,000 after purchasing an additional 12,043 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of UFP Industries by 2.8% in the second quarter. New York State Common Retirement Fund now owns 39,814 shares of the construction company’s stock valued at $3,956,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of UFP Industries by 4,597.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 114,198 shares of the construction company’s stock worth $11,347,000 after purchasing an additional 111,767 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Stock Performance

Shares of NASDAQ:UFPI opened at $90.37 on Monday. UFP Industries, Inc. has a 52-week low of $84.82 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.13 and a current ratio of 4.59. The company has a market capitalization of $5.13 billion, a P/E ratio of 18.11 and a beta of 1.44. The company has a 50-day simple moving average of $100.54 and a 200 day simple moving average of $96.07.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, February 23rd. The construction company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm earned $1.12 EPS. UFP Industries’s quarterly revenue was down 9.0% compared to the same quarter last year. Sell-side analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.36 dividend. This is a boost from UFP Industries’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.6%. UFP Industries’s dividend payout ratio (DPR) is currently 28.86%.

Analysts Set New Price Targets

UFPI has been the subject of several recent research reports. DA Davidson reduced their target price on shares of UFP Industries from $112.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of UFP Industries in a research note on Tuesday, January 27th. Finally, Zacks Research cut shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $106.67.

UFP Industries Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.