Park Avenue Securities LLC Sells 109 Shares of UFP Industries, Inc. $UFPI

Park Avenue Securities LLC decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 4.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,112 shares of the construction company’s stock after selling 109 shares during the quarter. Park Avenue Securities LLC’s holdings in UFP Industries were worth $210,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of UFP Industries in the first quarter valued at about $36,000. Caitong International Asset Management Co. Ltd lifted its holdings in UFP Industries by 39.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock worth $45,000 after purchasing an additional 119 shares in the last quarter. UMB Bank n.a. lifted its holdings in UFP Industries by 182.1% in the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company’s stock worth $61,000 after purchasing an additional 366 shares in the last quarter. Signaturefd LLC boosted its stake in UFP Industries by 222.5% in the 1st quarter. Signaturefd LLC now owns 816 shares of the construction company’s stock worth $87,000 after purchasing an additional 563 shares during the period. Finally, Covestor Ltd grew its holdings in UFP Industries by 20.4% during the 1st quarter. Covestor Ltd now owns 886 shares of the construction company’s stock valued at $94,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on UFPI shares. Loop Capital started coverage on shares of UFP Industries in a report on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 target price on the stock. Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, UFP Industries presently has an average rating of “Hold” and an average price target of $134.00.

UFP Industries Stock Performance

UFP Industries stock opened at $92.97 on Thursday. The company’s 50-day moving average price is $99.76 and its 200-day moving average price is $101.50. 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 has a market cap of $5.45 billion, a PE ratio of 16.14 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $91.16 and a twelve month high of $141.33.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the business posted $2.05 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

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

UFP Industries Company Profile

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.