UFP Industries, Inc. $UFPI Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,856 shares of the construction company’s stock after selling 2,063 shares during the period. Voya Investment Management LLC’s holdings in UFP Industries were worth $1,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of UFP Industries by 8.6% during the 4th quarter. Cetera Investment Advisers now owns 2,718 shares of the construction company’s stock worth $306,000 after purchasing an additional 215 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of UFP Industries by 38.4% during the 4th quarter. Quantinno Capital Management LP now owns 3,392 shares of the construction company’s stock worth $382,000 after purchasing an additional 942 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of UFP Industries by 17.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,166 shares of the construction company’s stock worth $13,199,000 after purchasing an additional 17,669 shares during the last quarter. GTS Securities LLC purchased a new stake in shares of UFP Industries during the 4th quarter worth $303,000. Finally, Forum Financial Management LP lifted its position in shares of UFP Industries by 19.5% during the 4th quarter. Forum Financial Management LP now owns 2,857 shares of the construction company’s stock worth $322,000 after purchasing an additional 467 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Trading Down 0.1%

Shares of UFP Industries stock opened at $95.19 on Tuesday. UFP Industries, Inc. has a 52-week low of $93.00 and a 52-week high of $141.33. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. The company’s 50-day simple moving average is $101.08 and its 200-day simple moving average is $102.08. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 16.53 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The company’s revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 29th. UFP Industries’s dividend payout ratio is presently 24.31%.

Analyst Ratings Changes

Several research firms have recently issued reports on UFPI. Loop Capital began coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price objective for the company. Zacks Research cut shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $134.00.

About UFP Industries

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.