Horizon Investments LLC Makes New $1.12 Million Investment in UFP Industries, Inc. $UFPI

Key Points

• Horizon Investments LLC bought a new stake of 12,305 shares in UFP Industries in Q4, valued at approximately $1.12 million, and institutional investors now own about 81.81% of the stock.
• UFP reported a quarterly EPS miss of $0.89 versus $1.15 expected and revenue down 8.4% year‑over‑year, while the company has a market cap of $4.79 billion and a trailing P/E of 18.4.
• UFP declared a quarterly dividend of $0.36 per share (annualized $1.44, ~1.7% yield; ex‑dividend June 1), and analysts have a consensus "Hold" rating with an average target price of $107.60 (3 Buy / 3 Hold / 1 Sell).

Horizon Investments LLC bought a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,305 shares of the construction company's stock, valued at approximately $1,120,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UFPI. Geneos Wealth Management Inc. grew its position in UFP Industries by 54.8% in the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company's stock valued at $32,000 after acquiring an additional 114 shares in the last quarter. Signaturefd LLC raised its stake in shares of 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 period. Danske Bank A S lifted its position in shares of UFP Industries by 300.0% during the fourth quarter. Danske Bank A S now owns 400 shares of the construction company's stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of UFP Industries by 648.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company's stock worth $41,000 after purchasing an additional 376 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of UFP Industries in the fourth quarter valued at $43,000. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Stock Up 2.1%

Shares of NASDAQ:UFPI opened at $84.26 on Thursday. The firm has a market cap of $4.79 billion, a PE ratio of 18.40 and a beta of 1.29. The company has a fifty day simple moving average of $93.63 and a 200 day simple moving average of $96.22. The company has a current ratio of 4.64, a quick ratio of 3.07 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 12-month low of $80.06 and a 12-month high of $118.00.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.15 by ($0.26). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.51 billion. UFP Industries had a net margin of 4.31% and a return on equity of 8.50%. The company's revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 earnings per share. On average, equities research analysts anticipate that UFP Industries, Inc. will post 4.8 EPS for the current fiscal year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. UFP Industries's dividend payout ratio (DPR) is currently 31.44%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson lowered their price target on shares of UFP Industries from $110.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 1st. Zacks Research cut shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 17th. Benchmark lowered their target price on UFP Industries from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, May 1st. BMO Capital Markets raised UFP Industries from a "market perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a research report on Tuesday. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of UFP Industries in a research note on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, UFP Industries has a consensus rating of "Hold" and an average target price of $107.60.

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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