41,277 Shares in UFP Industries, Inc. $UFPI Acquired by Man Group plc

Man Group plc purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,277 shares of the construction company’s stock, valued at approximately $3,745,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UFPI. IAG Wealth Partners LLC bought a new position in shares of UFP Industries in the first quarter worth approximately $28,000. Root Financial Partners LLC raised its holdings in UFP Industries by 86.0% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock valued at $29,000 after buying an additional 148 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in UFP Industries by 54.8% during 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 period. Danske Bank A S grew its holdings in UFP Industries by 300.0% in the 4th quarter. Danske Bank A S now owns 400 shares of the construction company’s stock worth $36,000 after acquiring an additional 300 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in UFP Industries by 84.8% in the 4th quarter. IFP Advisors Inc now owns 414 shares of the construction company’s stock worth $38,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $86.01 on Monday. The firm has a fifty day simple moving average of $88.28 and a two-hundred day simple moving average of $90.51. UFP Industries, Inc. has a 12 month low of $77.89 and a 12 month high of $118.00. The company has a current ratio of 3.98, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.74 billion, a PE ratio of 19.73 and a beta of 1.23.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. UFP Industries had a net margin of 3.99% and a return on equity of 8.00%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Equities analysts expect that UFP Industries, Inc. will post 4.51 earnings per share for the current year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. UFP Industries’s dividend payout ratio is 33.03%.

Analyst Ratings Changes

Several brokerages have recently commented on UFPI. Zacks Research raised shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. BMO Capital Markets upgraded UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a report on Tuesday, May 5th. Stifel Nicolaus set a $90.00 price target on UFP Industries and gave the company a “hold” rating in a research report on Monday, August 24th. Finally, Weiss Ratings upgraded UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.50.

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.