Segall Bryant & Hamill LLC Has $15.48 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Segall Bryant & Hamill LLC boosted its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,010 shares of the construction company’s stock after buying an additional 4,579 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.19% of UFP Industries worth $15,484,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UFPI. Blair William & Co. IL boosted its position in UFP Industries by 42.6% during the first quarter. Blair William & Co. IL now owns 6,509 shares of the construction company’s stock valued at $801,000 after purchasing an additional 1,943 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of UFP Industries during the 1st quarter worth about $1,214,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of UFP Industries by 4.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,455 shares of the construction company’s stock valued at $2,270,000 after buying an additional 816 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of UFP Industries by 0.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company’s stock valued at $4,762,000 after buying an additional 137 shares in the last quarter. Finally, BOKF NA increased its holdings in UFP Industries by 108.0% in the first quarter. BOKF NA now owns 3,224 shares of the construction company’s stock worth $387,000 after buying an additional 1,674 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Performance

Shares of UFPI opened at $128.63 on Thursday. 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, Inc. has a one year low of $107.49 and a one year high of $139.54. The company’s fifty day moving average price is $130.36 and its 200 day moving average price is $122.26. The company has a market capitalization of $7.81 billion, a PE ratio of 17.69 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. UFP Industries’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 EPS. As a group, analysts expect that UFP Industries, Inc. will post 6.89 earnings per share for the current year.

UFP Industries Announces Dividend

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 $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 1.03%. UFP Industries’s dividend payout ratio is 18.16%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UFPI shares. Stifel Nicolaus lifted their target price on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Benchmark raised their target price on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Wedbush reiterated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, UFP Industries has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.