Signaturefd LLC Lowers Holdings in UFP Industries, Inc. $UFPI

Signaturefd LLC decreased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 17.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 675 shares of the construction company’s stock after selling 141 shares during the quarter. Signaturefd LLC’s holdings in UFP Industries were worth $67,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Boston Partners increased its position in shares of UFP Industries by 118.6% during the 1st quarter. Boston Partners now owns 1,469,300 shares of the construction company’s stock worth $157,270,000 after purchasing an additional 797,069 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in UFP Industries by 17.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company’s stock worth $401,550,000 after buying an additional 568,741 shares during the period. Nuveen LLC acquired a new stake in shares of UFP Industries during the first quarter valued at about $18,224,000. Allspring Global Investments Holdings LLC raised its stake in shares of UFP Industries by 14.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,051,613 shares of the construction company’s stock valued at $112,112,000 after acquiring an additional 132,595 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of UFP Industries by 414.9% in the 1st quarter. Jane Street Group LLC now owns 120,718 shares of the construction company’s stock worth $12,922,000 after acquiring an additional 97,274 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UFPI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Industries in a research report on Saturday, September 27th. Zacks Research cut UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Finally, Loop Capital began coverage on UFP Industries in a research note on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $134.00.

UFP Industries Stock Down 1.1%

UFPI stock opened at $92.18 on Monday. The company has a fifty day moving average price of $99.29 and a 200 day moving average price of $101.20. UFP Industries, Inc. has a 12 month low of $91.16 and a 12 month high of $141.33. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.25). UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

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