26,270 Shares in UFP Industries, Inc. $UFPI Purchased by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 26,270 shares of UFP Industries during the second quarter, valued at approximately $2.4 million. Institutional investors collectively own 81.81% of the company.
• Analyst sentiment is moderately bullish: three analysts rate UFPI as a Buy and three as a Hold, producing an average “Moderate Buy” rating and a consensus price target of $104.50.
• UFP Industries exceeded quarterly expectations, reporting $1.48 in EPS and $1.88 billion in revenue, while declaring a quarterly dividend of $0.36 per share, equivalent to a 1.7% annualized yield.

Jupiter Topco LLC acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,270 shares of the construction company's stock, valued at approximately $2,386,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of UFP Industries by 3.0% in the first quarter. Royal Bank of Canada now owns 61,641 shares of the construction company's stock valued at $6,597,000 after purchasing an additional 1,798 shares during the period. Integrated Wealth Concepts LLC grew its position in UFP Industries by 8.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,959 shares of the construction company's stock valued at $317,000 after buying an additional 221 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in UFP Industries by 10.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,209 shares of the construction company's stock valued at $13,831,000 after buying an additional 12,043 shares during the period. EverSource Wealth Advisors LLC increased its stake in UFP Industries by 90.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company's stock valued at $54,000 after buying an additional 259 shares during the period. Finally, Walleye Capital LLC acquired a new position in UFP Industries in the 2nd quarter valued at $232,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UFPI has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of UFP Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of UFP Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Finally, Stifel Nicolaus set a $90.00 price target on shares of UFP Industries and gave the stock a "hold" rating in a report on Monday, August 24th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $104.50.

UFP Industries Stock Performance

Shares of UFPI opened at $82.91 on Thursday. 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 company has a 50-day simple moving average of $88.09 and a 200-day simple moving average of $89.83. The company has a market capitalization of $4.57 billion, a PE ratio of 19.02 and a beta of 1.22.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. UFP Industries had a net margin of 3.99% and a return on equity of 8.00%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.79 billion. Equities research analysts predict that UFP Industries, Inc. will post 4.51 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. UFP Industries's payout ratio is 33.03%.

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.

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