UFP Industries, Inc. (NASDAQ:UFPI) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 85.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,623 shares of the construction company’s stock after purchasing an additional 15,958 shares during the period. Seizert Capital Partners LLC owned 0.06% of UFP Industries worth $4,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of UFP Industries by 0.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company’s stock valued at $361,155,000 after acquiring an additional 28,601 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in UFP Industries by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company’s stock worth $116,467,000 after purchasing an additional 32,555 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of UFP Industries by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company’s stock worth $90,857,000 after buying an additional 5,784 shares in the last quarter. AQR Capital Management LLC raised its position in shares of UFP Industries by 22.7% in the second quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock valued at $67,594,000 after buying an additional 112,518 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake in shares of UFP Industries by 1.0% in the third quarter. Copeland Capital Management LLC now owns 546,197 shares of the construction company’s stock worth $71,667,000 after buying an additional 5,515 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Trading Down 2.2 %

UFPI opened at $129.21 on Friday. The stock has a market capitalization of $7.85 billion, a PE ratio of 17.77 and a beta of 1.39. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $139.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The business’s 50 day moving average price is $129.45 and its 200 day moving average price is $121.98.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the company earned $2.10 EPS. As a group, equities research analysts expect that UFP Industries, Inc. will post 7.01 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Monday, December 2nd. UFP Industries’s dividend payout ratio is presently 18.16%.

Wall Street Analyst Weigh In

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

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.