UFP Industries, Inc. (NASDAQ:UFPI) Position Trimmed by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPIGet Rating) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,245 shares of the construction company’s stock after selling 1,300 shares during the period. Raymond James & Associates owned about 0.05% of UFP Industries worth $2,399,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of UFP Industries by 1.3% during the first quarter. Vanguard Group Inc. now owns 7,172,974 shares of the construction company’s stock worth $553,467,000 after acquiring an additional 92,912 shares during the last quarter. State Street Corp grew its position in shares of UFP Industries by 2.3% during the second quarter. State Street Corp now owns 2,021,865 shares of the construction company’s stock worth $137,770,000 after acquiring an additional 45,440 shares during the last quarter. Franklin Resources Inc. grew its position in UFP Industries by 7.7% in the 2nd quarter. Franklin Resources Inc. now owns 1,643,044 shares of the construction company’s stock valued at $111,958,000 after buying an additional 118,083 shares in the last quarter. Northern Trust Corp grew its position in UFP Industries by 0.8% in the 2nd quarter. Northern Trust Corp now owns 983,529 shares of the construction company’s stock valued at $67,017,000 after buying an additional 8,028 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in UFP Industries by 12.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 676,424 shares of the construction company’s stock valued at $46,090,000 after buying an additional 77,183 shares in the last quarter. Institutional investors own 81.69% of the company’s stock.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $86.49 on Monday. UFP Industries, Inc. has a twelve month low of $64.13 and a twelve month high of $94.78. 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 company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 7.79 and a beta of 1.45. The firm has a 50-day moving average of $81.24 and a two-hundred day moving average of $78.77.

UFP Industries (NASDAQ:UFPIGet Rating) last issued its quarterly earnings results on Thursday, October 20th. The construction company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. UFP Industries had a net margin of 7.17% and a return on equity of 30.87%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.28 billion. As a group, analysts expect that UFP Industries, Inc. will post 10.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on UFPI shares. DA Davidson decreased their target price on shares of UFP Industries to $96.00 in a research report on Thursday, October 27th. StockNews.com started coverage on shares of UFP Industries in a research report on Wednesday, October 12th. They issued a “buy” rating for the company.

UFP Industries Profile

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UFP Industries, Inc manufactures and distributes wood and wood alternative products. It operates through the following segments: Retail, Industrial and Construction. The Retail segment comprises national home center retailers, retail-oriented regional lumberyards and contractor-oriented lumberyards. The Industrial segment manufacturers pallets, specialty crates, wooden boxes, and other containers used for packaging, shipping and material handling purposes.

See Also

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

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