Oregon Public Employees Retirement Fund lifted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,477 shares of the construction company's stock after purchasing an additional 257 shares during the quarter. Oregon Public Employees Retirement Fund's holdings in UFP Industries were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of UFP Industries by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 7,172,974 shares of the construction company's stock worth $553,467,000 after purchasing an additional 92,912 shares during the period. State Street Corp increased its stake in UFP Industries by 2.3% during the 2nd quarter. State Street Corp now owns 2,021,865 shares of the construction company's stock valued at $137,770,000 after purchasing an additional 45,440 shares in the last quarter. Franklin Resources Inc. increased its stake in UFP Industries by 7.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,643,044 shares of the construction company's stock valued at $111,958,000 after purchasing an additional 118,083 shares in the last quarter. Northern Trust Corp increased its stake in 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 purchasing an additional 8,028 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in UFP Industries by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 683,199 shares of the construction company's stock valued at $49,299,000 after purchasing an additional 6,775 shares in the last quarter. 81.69% of the stock is owned by institutional investors.
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Analyst Ratings Changes
A number of brokerages have commented on UFPI. StockNews.com assumed coverage on shares of UFP Industries in a research note on Wednesday, October 12th. They set a "buy" rating for the company. DA Davidson reduced their target price on shares of UFP Industries to $96.00 in a research note on Thursday, October 27th.
UFP Industries Price Performance
Shares of NASDAQ:UFPI opened at $86.49 on Friday. The company's 50-day moving average is $81.24 and its 200 day moving average is $78.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.78 and a current ratio of 3.03. The company has a market capitalization of $5.33 billion, a P/E ratio of 7.79 and a beta of 1.45. UFP Industries, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $94.78.
UFP Industries (NASDAQ:UFPI – Get Rating) last issued its quarterly earnings results on Thursday, October 20th. The construction company reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.15. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.28 billion. UFP Industries had a net margin of 7.17% and a return on equity of 30.87%. On average, equities research analysts forecast that UFP Industries, Inc. will post 10.66 earnings per share for the current year.
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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