Copeland Capital Management LLC Has $39.59 Million Stock Holdings in UFP Industries, Inc. $UFPI

Key Points

• Copeland Capital Management cut its stake in UFP Industries by 6.4% in Q4, leaving it with 434,821 shares worth $39.59 million.
• UFP missed quarterly expectations with $0.70 EPS vs. $1.03 expected and $1.33B revenue (down 9% YoY), and analysts hold a consensus "Hold" rating with a $107 target.
• The company raised its quarterly dividend to $0.36 (annualized $1.44)

Copeland Capital Management LLC cut its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 434,821 shares of the construction company's stock after selling 29,970 shares during the period. Copeland Capital Management LLC owned 0.75% of UFP Industries worth $39,591,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in UFP Industries by 54.8% during the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company's stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. Signaturefd LLC boosted its position in UFP Industries by 66.1% during the fourth quarter. Signaturefd LLC now owns 387 shares of the construction company's stock valued at $35,000 after purchasing an additional 154 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in UFP Industries by 648.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company's stock valued at $41,000 after purchasing an additional 376 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in UFP Industries during the fourth quarter valued at approximately $43,000. Finally, Winnow Wealth LLC acquired a new position in UFP Industries during the third quarter valued at approximately $51,000. 81.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UFPI has been the topic of a number of recent analyst reports. Zacks Research lowered UFP Industries from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 17th. BMO Capital Markets reissued a "market perform" rating and set a $108.00 target price (down from $112.00) on shares of UFP Industries in a report on Monday. Weiss Ratings reissued a "hold (c-)" rating on shares of UFP Industries in a report on Tuesday, January 27th. Finally, DA Davidson decreased their target price on UFP Industries from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $107.00.

UFP Industries Price Performance

UFP Industries stock opened at $96.48 on Friday. The stock's fifty day moving average price is $96.49 and its two-hundred day moving average price is $96.14. UFP Industries, Inc. has a one year low of $84.82 and a one year high of $118.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.59 and a quick ratio of 3.13. The firm has a market cap of $5.48 billion, a PE ratio of 19.33 and a beta of 1.44.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business earned $1.12 EPS. UFP Industries's revenue was down 9.0% on a year-over-year basis. As a group, research analysts expect that UFP Industries, Inc. will post 5.19 EPS for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from UFP Industries's previous quarterly dividend of $0.35. UFP Industries's dividend payout ratio (DPR) is 28.86%.

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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