Cwm LLC decreased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI – Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,524 shares of the construction company’s stock after selling 193 shares during the quarter. Cwm LLC’s holdings in UFP Industries were worth $598,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of UFP Industries by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,378,757 shares of the construction company’s stock worth $532,450,000 after buying an additional 33,825 shares during the period. Dimensional Fund Advisors LP grew its position in shares of UFP Industries by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,818,720 shares of the construction company’s stock worth $223,384,000 after buying an additional 101,530 shares during the period. State Street Corp grew its position in shares of UFP Industries by 2.3% during the 2nd quarter. State Street Corp now owns 2,021,865 shares of the construction company’s stock worth $137,770,000 after buying an additional 45,440 shares during the period. Franklin Resources Inc. grew its position in shares of UFP Industries by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 1,890,059 shares of the construction company’s stock worth $149,787,000 after buying an additional 15,651 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of UFP Industries by 25.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,714,394 shares of the construction company’s stock worth $135,866,000 after buying an additional 348,158 shares during the period. Institutional investors and hedge funds own 81.34% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on UFPI shares. Stifel Nicolaus reduced their price objective on shares of UFP Industries from $102.00 to $100.00 in a research note on Wednesday, May 3rd. BMO Capital Markets lifted their price objective on shares of UFP Industries from $95.00 to $100.00 in a research note on Tuesday, May 16th. DA Davidson lifted their price objective on shares of UFP Industries from $102.00 to $112.00 in a research note on Wednesday, May 3rd. Finally, StockNews.com initiated coverage on shares of UFP Industries in a research note on Thursday, May 18th. They issued a “buy” rating on the stock.
Insider Buying and Selling at UFP Industries
UFP Industries Price Performance
Shares of UFPI opened at $99.40 on Tuesday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 9.97 and a beta of 1.51. UFP Industries, Inc. has a 1-year low of $66.17 and a 1-year high of $103.39. The company’s fifty day simple moving average is $90.33 and its 200 day simple moving average is $86.05. The company has a current ratio of 4.27, a quick ratio of 2.46 and a debt-to-equity ratio of 0.10.
UFP Industries (NASDAQ:UFPI – Get Free Report) last issued its earnings results on Tuesday, May 2nd. The construction company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.33. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. UFP Industries had a net margin of 7.02% and a return on equity of 24.92%. The firm’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.00 earnings per share. On average, research analysts forecast that UFP Industries, Inc. will post 8.29 earnings per share for the current fiscal year.
UFP Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $0.25 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. UFP Industries’s dividend payout ratio is currently 10.03%.
UFP Industries Company 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.
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