Aptus Capital Advisors LLC Has $8.75 Million Holdings in UFP Industries, Inc. $UFPI

Key Points

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Aptus Capital Advisors LLC increased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,774 shares of the construction company's stock after acquiring an additional 9,132 shares during the quarter. Aptus Capital Advisors LLC owned about 0.14% of UFP Industries worth $8,753,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Northern Trust Corp increased its holdings in shares of UFP Industries by 1.6% during the first quarter. Northern Trust Corp now owns 1,129,244 shares of the construction company's stock worth $120,874,000 after purchasing an additional 18,097 shares during the period. Corient IA LLC acquired a new stake in UFP Industries during the first quarter worth approximately $321,000. Northwest & Ethical Investments L.P. increased its stake in UFP Industries by 228.3% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 9,438 shares of the construction company's stock worth $1,009,000 after acquiring an additional 6,563 shares during the period. Raymond James Financial Inc. increased its stake in UFP Industries by 18.8% during the 1st quarter. Raymond James Financial Inc. now owns 321,133 shares of the construction company's stock worth $34,374,000 after acquiring an additional 50,762 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its holdings in UFP Industries by 2.1% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,950 shares of the construction company's stock valued at $744,000 after acquiring an additional 141 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of UFP Industries stock opened at $100.71 on Tuesday. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.90 billion, a PE ratio of 17.48 and a beta of 1.43. The company has a 50 day moving average of $101.21 and a 200-day moving average of $103.97. UFP Industries, Inc. has a 1-year low of $93.00 and a 1-year high of $141.33.

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

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 29th. UFP Industries's payout ratio is currently 24.31%.

Analysts Set New Price Targets

Separately, Loop Capital assumed coverage on UFP Industries in a report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 target price on the stock.

UFP Industries Company 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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