Y Intercept Hong Kong Ltd Has $3.52 Million Stock Holdings in UFP Industries, Inc. $UFPI

Y Intercept Hong Kong Ltd increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 18.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,200 shares of the construction company’s stock after buying an additional 6,058 shares during the period. Y Intercept Hong Kong Ltd owned 0.07% of UFP Industries worth $3,519,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of UFP Industries by 3.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,197 shares of the construction company’s stock valued at $291,000 after buying an additional 92 shares during the period. Arkadios Wealth Advisors increased its stake in shares of UFP Industries by 2.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,648 shares of the construction company’s stock valued at $423,000 after buying an additional 97 shares during the period. Geneos Wealth Management Inc. raised its holdings in UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after buying an additional 114 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of UFP Industries by 1.3% during the fourth quarter. SkyView Investment Advisors LLC now owns 9,133 shares of the construction company’s stock worth $832,000 after purchasing an additional 114 shares during the period. Finally, US Bancorp DE lifted its holdings in UFP Industries by 2.3% during the 3rd quarter. US Bancorp DE now owns 5,439 shares of the construction company’s stock worth $508,000 after buying an additional 122 shares during the period. Institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on UFPI. Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Stifel Nicolaus dropped their target price on shares of UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. DA Davidson reduced their price target on shares of UFP Industries from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 1st. BMO Capital Markets raised shares of UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $105.40.

UFP Industries Stock Performance

Shares of NASDAQ UFPI traded down $1.36 during mid-day trading on Tuesday, hitting $85.93. The company had a trading volume of 34,914 shares, compared to its average volume of 435,412. The company has a current ratio of 4.64, a quick ratio of 3.07 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1 year low of $77.89 and a 1 year high of $118.00. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 18.78 and a beta of 1.22. The stock’s 50-day moving average price is $84.97 and its 200-day moving average price is $93.98.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Wednesday, April 29th. The construction company reported $0.89 earnings per share 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 analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $1.30 EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts forecast that UFP Industries, Inc. will post 4.6 earnings per share for the current year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. UFP Industries’s payout ratio is 31.44%.

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.