Xponance Inc. boosted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,724 shares of the construction company's stock after buying an additional 391 shares during the quarter. Xponance Inc.'s holdings in UFP Industries were worth $269,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in UFPI. Vanguard Group Inc. grew its position in shares of UFP Industries by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 7,172,974 shares of the construction company's stock valued at $553,467,000 after acquiring an additional 92,912 shares during the period. State Street Corp increased its position in UFP Industries by 2.3% in the second 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 last quarter. Franklin Resources Inc. raised its stake in shares of UFP Industries by 7.7% in the second quarter. Franklin Resources Inc. now owns 1,643,044 shares of the construction company's stock valued at $111,958,000 after buying an additional 118,083 shares during the period. Northern Trust Corp lifted its position in shares of UFP Industries by 0.8% during the 2nd quarter. Northern Trust Corp now owns 983,529 shares of the construction company's stock valued at $67,017,000 after buying an additional 8,028 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of UFP Industries by 12.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 676,424 shares of the construction company's stock worth $46,090,000 after acquiring an additional 77,183 shares during the period. Hedge funds and other institutional investors own 81.69% of the company's stock.
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UFP Industries Stock Performance
NASDAQ:UFPI opened at $83.08 on Wednesday. The business's fifty day moving average is $79.04 and its 200 day moving average is $77.80. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 7.48 and a beta of 1.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.78 and a current ratio of 3.03. UFP Industries, Inc. has a 52-week low of $64.13 and a 52-week high of $94.78.
UFP Industries (NASDAQ:UFPI – Get Rating) last announced its quarterly earnings results on Thursday, October 20th. The construction company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.15. UFP Industries had a return on equity of 30.87% and a net
margin of 7.17%. The firm had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.28 billion. Research analysts predict that UFP Industries, Inc. will post 10.69 EPS for the current year.
UFP Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a $0.25 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. UFP Industries's dividend payout ratio (DPR) is presently 9.01%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on UFPI shares. DA Davidson lowered their price objective on UFP Industries to $96.00 in a research note on Thursday, October 27th. StockNews.com started coverage on shares of UFP Industries in a research note on Wednesday, October 12th. They set a "buy" rating on the stock.
UFP Industries Profile
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UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.
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