UFP Industries, Inc. $UFPI Shares Sold by Cwm LLC

Cwm LLC decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,825 shares of the construction company’s stock after selling 266 shares during the quarter. Cwm LLC’s holdings in UFP Industries were worth $678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of UFP Industries by 107.5% during the first quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company’s stock worth $161,000 after purchasing an additional 777 shares during the period. KBC Group NV lifted its holdings in shares of UFP Industries by 15.8% during the first quarter. KBC Group NV now owns 2,836 shares of the construction company’s stock worth $304,000 after purchasing an additional 386 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of UFP Industries during the first quarter worth about $1,534,000. State of Alaska Department of Revenue lifted its holdings in shares of UFP Industries by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company’s stock worth $761,000 after purchasing an additional 190 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of UFP Industries by 41.9% during the first quarter. Allianz Asset Management GmbH now owns 226,109 shares of the construction company’s stock worth $24,203,000 after purchasing an additional 66,712 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UFPI. Loop Capital began coverage on UFP Industries in a report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Industries in a research report on Wednesday, October 8th. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Stifel Nicolaus set a $95.00 price target on UFP Industries and gave the company a “hold” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, UFP Industries has an average rating of “Hold” and an average target price of $124.25.

UFP Industries Stock Up 0.7%

UFP Industries stock opened at $92.44 on Friday. The stock has a market capitalization of $5.41 billion, a PE ratio of 16.05 and a beta of 1.45. UFP Industries, Inc. has a 12 month low of $88.99 and a 12 month high of $141.33. The business has a 50 day simple moving average of $96.68 and a 200-day simple moving average of $99.69. 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 posted its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. On average, analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

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.