UFP Industries, Inc. $UFPI Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 207.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,990 shares of the construction company’s stock after buying an additional 23,595 shares during the period. Quantinno Capital Management LP owned approximately 0.06% of UFP Industries worth $3,223,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. IAG Wealth Partners LLC acquired a new stake in shares of UFP Industries in the 1st quarter worth approximately $28,000. Root Financial Partners LLC boosted its position in UFP Industries by 86.0% during the first quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock worth $29,000 after purchasing an additional 148 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in UFP Industries by 54.8% during the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after purchasing an additional 114 shares in the last quarter. Signaturefd LLC grew its holdings in UFP Industries by 66.1% in the fourth quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock valued at $35,000 after purchasing an additional 154 shares during the last quarter. Finally, Danske Bank A S grew its holdings in UFP Industries by 300.0% in the fourth quarter. Danske Bank A S now owns 400 shares of the construction company’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Up 2.4%

Shares of NASDAQ:UFPI opened at $94.04 on Friday. The company has a quick ratio of 2.64, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 52-week low of $77.89 and a 52-week high of $118.00. The stock’s fifty day simple moving average is $86.47 and its 200-day simple moving average is $92.54. The company has a market capitalization of $5.19 billion, a P/E ratio of 21.57 and a beta of 1.23.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%.The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.79 billion. As a group, equities research analysts forecast that UFP Industries, Inc. will post 4.56 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. UFP Industries’s dividend payout ratio (DPR) is currently 33.03%.

Analysts Set New Price Targets

Several research firms have recently issued reports on UFPI. Benchmark cut their price target on UFP Industries from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 1st. BMO Capital Markets upgraded shares of UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 target price for the company in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Stifel Nicolaus reduced their price target on shares of UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research raised shares of UFP Industries from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.75.

About UFP Industries

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.