Advantage Alpha Capital Partners LP Sells 4,755 Shares of UFP Industries, Inc. $UFPI

Advantage Alpha Capital Partners LP cut its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,551 shares of the construction company’s stock after selling 4,755 shares during the period. Advantage Alpha Capital Partners LP owned 0.07% of UFP Industries worth $3,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its holdings in UFP Industries by 10.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 249,261 shares of the construction company’s stock valued at $24,767,000 after purchasing an additional 23,152 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of UFP Industries by 4.4% in the second quarter. Mutual of America Capital Management LLC now owns 166,340 shares of the construction company’s stock worth $16,528,000 after purchasing an additional 7,063 shares during the period. Nordea Investment Management AB boosted its stake in UFP Industries by 0.7% during the second quarter. Nordea Investment Management AB now owns 111,584 shares of the construction company’s stock valued at $11,094,000 after buying an additional 759 shares during the period. World Investment Advisors purchased a new position in UFP Industries during the second quarter worth about $394,000. Finally, Boston Partners grew its position in UFP Industries by 25.1% during the second quarter. Boston Partners now owns 1,838,108 shares of the construction company’s stock worth $182,636,000 after buying an additional 368,808 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UFPI shares. DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.00 to $112.00 in a report on Friday, October 31st. Stifel Nicolaus set a $95.00 target price on shares of UFP Industries and gave the company a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Finally, Zacks Research lowered shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $113.50.

UFP Industries Stock Up 0.6%

Shares of UFPI opened at $93.53 on Friday. UFP Industries, Inc. has a 1 year low of $87.11 and a 1 year high of $140.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. The stock has a 50 day simple moving average of $91.67 and a two-hundred day simple moving average of $97.58. The firm has a market cap of $5.45 billion, a P/E ratio of 17.29 and a beta of 1.43.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). UFP Industries had a return on equity of 10.16% and a net margin of 5.00%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year. On average, analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be 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 is Monday, December 1st. UFP Industries’s dividend payout ratio is presently 25.88%.

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.