B. Metzler seel. Sohn & Co. AG Grows Stake in UFP Industries, Inc. $UFPI

B. Metzler seel. Sohn & Co. AG grew its position in UFP Industries, Inc. (NASDAQ:UFPI) by 46.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,553 shares of the construction company’s stock after purchasing an additional 9,748 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.05% of UFP Industries worth $2,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UFPI. Royal Bank of Canada grew its holdings in UFP Industries by 3.0% in the first quarter. Royal Bank of Canada now owns 61,641 shares of the construction company’s stock worth $6,597,000 after purchasing an additional 1,798 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of UFP Industries by 8.1% during the first quarter. Integrated Wealth Concepts LLC now owns 2,959 shares of the construction company’s stock valued at $317,000 after buying an additional 221 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of UFP Industries by 10.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,209 shares of the construction company’s stock valued at $13,831,000 after buying an additional 12,043 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of UFP Industries by 90.9% during the second quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock valued at $54,000 after buying an additional 259 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of UFP Industries during the second quarter valued at $232,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Trading Down 1.6%

Shares of UFP Industries stock opened at $94.90 on Friday. The firm has a 50-day simple moving average of $96.10 and a two-hundred day simple moving average of $96.17. The company has a market cap of $5.39 billion, a P/E ratio of 19.02 and a beta of 1.44. UFP Industries, Inc. has a fifty-two week low of $84.82 and a fifty-two week high of $118.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.13 and a current ratio of 4.59.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.33). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.40 billion. UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The company’s revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the company posted $1.12 EPS. As a group, equities analysts predict that UFP Industries, Inc. will post 5.19 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.36 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.5%. UFP Industries’s dividend payout ratio is 28.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 17th. DA Davidson decreased their target price on shares of UFP Industries from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. BMO Capital Markets restated a “market perform” rating and set a $108.00 target price (down from $112.00) on shares of UFP Industries in a research report on Monday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of UFP Industries in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $107.00.

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.