UFP Industries, Inc. $UFPI Holdings Cut by State of Wyoming

State of Wyoming lowered its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 72.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,839 shares of the construction company’s stock after selling 7,595 shares during the period. State of Wyoming’s holdings in UFP Industries were worth $258,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in shares of UFP Industries by 54.8% in the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after purchasing an additional 114 shares during the period. Signaturefd LLC increased its stake in shares of UFP Industries by 66.1% in the fourth quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. Danske Bank A S increased its stake in shares of UFP Industries by 300.0% in the fourth quarter. Danske Bank A S now owns 400 shares of the construction company’s stock valued at $36,000 after purchasing an additional 300 shares during the period. IFP Advisors Inc increased its stake in shares of UFP Industries by 84.8% in the fourth quarter. IFP Advisors Inc now owns 414 shares of the construction company’s stock valued at $38,000 after purchasing an additional 190 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of UFP Industries by 648.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company’s stock valued at $41,000 after purchasing an additional 376 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Price Performance

NASDAQ UFPI opened at $82.08 on Thursday. UFP Industries, Inc. has a 12 month low of $77.89 and a 12 month high of $118.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.64 and a quick ratio of 3.07. The firm has a market capitalization of $4.64 billion, a PE ratio of 17.92 and a beta of 1.24. The company’s 50 day simple moving average is $87.23 and its 200 day simple moving average is $94.50.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.26). UFP Industries had a net margin of 4.31% and a return on equity of 8.50%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business earned $1.30 EPS. UFP Industries’s revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that UFP Industries, Inc. will post 4.6 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. UFP Industries’s dividend payout ratio (DPR) is currently 31.44%.

Analyst Ratings Changes

Several brokerages have commented on UFPI. Benchmark dropped their price target on shares of UFP Industries from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. BMO Capital Markets upgraded shares of UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. Zacks Research lowered shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Finally, Stifel Nicolaus dropped their price target on shares of UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $105.40.

About UFP Industries

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.