Aptus Capital Advisors LLC Acquires 13,471 Shares of UFP Industries, Inc. $UFPI

Aptus Capital Advisors LLC boosted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 15.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,087 shares of the construction company’s stock after acquiring an additional 13,471 shares during the period. Aptus Capital Advisors LLC owned 0.18% of UFP Industries worth $9,638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in UFP Industries by 54.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after buying an additional 114 shares in the last quarter. Winnow Wealth LLC purchased a new position in shares of UFP Industries in the 3rd quarter worth about $51,000. EverSource Wealth Advisors LLC boosted its stake in UFP Industries by 90.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock worth $54,000 after purchasing an additional 259 shares in the last quarter. Bryn Mawr Trust Advisors LLC purchased a new stake in UFP Industries during the 2nd quarter valued at about $202,000. Finally, Parkside Financial Bank & Trust increased its stake in UFP Industries by 686.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,045 shares of the construction company’s stock valued at $203,000 after purchasing an additional 1,785 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UFPI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research report on Tuesday, January 27th. Stifel Nicolaus set a $98.00 price objective on UFP Industries in a research report on Tuesday, December 2nd. DA Davidson reiterated a “buy” rating and issued a $112.00 price objective on shares of UFP Industries in a report on Tuesday, February 24th. Finally, Zacks Research upgraded shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $107.33.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $93.94 on Friday. The company has a market capitalization of $5.32 billion, a P/E ratio of 18.83 and a beta of 1.48. UFP Industries, Inc. has a 1-year low of $87.11 and a 1-year high of $118.00. The firm’s 50 day simple moving average is $104.39 and its two-hundred day simple moving average is $97.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.59 and a quick ratio of 3.13.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the company earned $1.12 earnings per share. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. Research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 1.5%. UFP Industries’s dividend payout ratio is 28.86%.

Insider Transactions at UFP Industries

In other UFP Industries news, Chairman Matthew J. Missad sold 11,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $92.26, for a total value of $1,014,860.00. Following the sale, the chairman owned 310,533 shares in the company, valued at $28,649,774.58. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.56% of the company’s stock.

UFP Industries Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.