4,609 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in UFP Industries, Inc. (NASDAQ:UFPIGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,609 shares of the construction company’s stock, valued at approximately $314,000.

Several other institutional investors have also modified their holdings of UFPI. Pinebridge Investments L.P. lifted its stake in shares of UFP Industries by 502.0% in the second quarter. Pinebridge Investments L.P. now owns 602 shares of the construction company’s stock worth $41,000 after acquiring an additional 502 shares in the last quarter. CX Institutional bought a new stake in UFP Industries in the second quarter valued at about $48,000. Archer Investment Corp bought a new stake in UFP Industries in the first quarter valued at about $56,000. Quadrant Capital Group LLC increased its holdings in UFP Industries by 61.2% in the first quarter. Quadrant Capital Group LLC now owns 769 shares of the construction company’s stock valued at $59,000 after buying an additional 292 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in UFP Industries in the first quarter valued at about $62,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

UFP Industries Stock Performance

Shares of NASDAQ UFPI opened at $78.99 on Monday. The company has a current ratio of 3.03, a quick ratio of 1.78 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $72.94 and a 200-day simple moving average of $76.28. The company has a market cap of $4.87 billion, a PE ratio of 7.12 and a beta of 1.45. UFP Industries, Inc. has a 12-month low of $64.13 and a 12-month high of $94.80.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. UFP Industries’s dividend payout ratio is presently 9.01%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UFPI. StockNews.com began coverage on UFP Industries in a report on Wednesday, October 12th. They issued a “buy” rating for the company. DA Davidson lowered their price objective on UFP Industries to $96.00 in a report on Thursday, October 27th. Finally, Benchmark upped their target price on UFP Industries to $110.00 in a report on Monday, July 25th.

UFP Industries Profile

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UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.

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Institutional Ownership by Quarter for UFP Industries (NASDAQ:UFPI)

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