UFP Industries, Inc. (NASDAQ:UFPI) Stake Cut by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 29.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,587 shares of the construction company’s stock after selling 5,181 shares during the quarter. Los Angeles Capital Management LLC’s holdings in UFP Industries were worth $1,652,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of UFP Industries by 300.0% during the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after buying an additional 144 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of UFP Industries in the 2nd quarter worth approximately $29,000. Signaturefd LLC boosted its position in UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after purchasing an additional 76 shares during the period. Triad Wealth Partners LLC bought a new position in UFP Industries during the 2nd quarter worth $56,000. Finally, GAMMA Investing LLC increased its position in UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after buying an additional 234 shares during the period. Institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. BMO Capital Markets upped their price target on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their target price on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. Finally, Benchmark increased their price objective on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $131.62 on Thursday. UFP Industries, Inc. has a 12 month low of $106.30 and a 12 month high of $139.54. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 18.10 and a beta of 1.39. The stock’s 50 day moving average price is $128.76 and its 200 day moving average price is $121.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm posted $2.10 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. Equities research analysts anticipate that UFP Industries, Inc. will post 7.01 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

UFP Industries 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.