111 Capital Acquires Shares of 11,614 UFP Industries, Inc. $UFPI

Key Points

• 111 Capital has acquired a total of 11,614 shares of UFP Industries, Inc. during the 2nd quarter, valued at approximately $1,154,000.
• Several large investors, such as Kayne Anderson Rudnick and Boston Partners, have also increased their holdings in UFP Industries, with hedge funds owning approximately 81.81% of the stock.
• UFP Industries announced a quarterly dividend of $0.35 per share, representing an annualized dividend of $1.40 and a dividend yield of 1.5%.

111 Capital bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,614 shares of the construction company's stock, valued at approximately $1,154,000.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in UFP Industries by 17.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company's stock worth $401,550,000 after buying an additional 568,741 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of UFP Industries by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company's stock worth $205,237,000 after acquiring an additional 25,903 shares during the period. Boston Partners boosted its position in shares of UFP Industries by 118.6% during the 1st quarter. Boston Partners now owns 1,469,300 shares of the construction company's stock valued at $157,270,000 after acquiring an additional 797,069 shares during the last quarter. Northern Trust Corp grew its holdings in shares of UFP Industries by 1.6% in the first quarter. Northern Trust Corp now owns 1,129,244 shares of the construction company's stock valued at $120,874,000 after purchasing an additional 18,097 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in UFP Industries by 14.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,051,613 shares of the construction company's stock worth $112,112,000 after purchasing an additional 132,595 shares during the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of UFP Industries in a report on Saturday, September 27th. Zacks Research lowered shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Finally, Loop Capital began coverage on UFP Industries in a report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $134.00.

UFP Industries Trading Down 1.1%

UFPI opened at $92.18 on Friday. The business's 50 day moving average is $99.29 and its two-hundred day moving average is $101.25. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. UFP Industries, Inc. has a 52 week low of $91.16 and a 52 week high of $141.33. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.25). UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the prior year, the company earned $2.05 earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. On average, research analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 29th. UFP Industries's dividend payout ratio (DPR) is currently 24.31%.

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.

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