Legal & General Group Plc purchased a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 84,113 shares of the construction company's stock, valued at approximately $7,633,000. Legal & General Group Plc owned approximately 0.15% of UFP Industries at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC bought a new position in UFP Industries in the 1st quarter valued at about $28,000. Root Financial Partners LLC lifted its holdings in shares of UFP Industries by 86.0% in the first quarter. Root Financial Partners LLC now owns 320 shares of the construction company's stock valued at $29,000 after purchasing an additional 148 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of 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 buying an additional 114 shares during the last quarter. Danske Bank A S grew its holdings in 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 buying an additional 300 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in UFP Industries by 117.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 413 shares of the construction company's stock worth $38,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on UFPI shares. Zacks Research raised shares of UFP Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, July 31st. Stifel Nicolaus set a $90.00 price target on UFP Industries and gave the stock a "hold" rating in a report on Monday, August 24th. Weiss Ratings upgraded UFP Industries from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, August 6th. Finally, BMO Capital Markets raised UFP Industries from a "market perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.50.
Read Our Latest Stock Analysis on UFP Industries
UFP Industries Stock Performance
Shares of UFPI stock opened at $82.47 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.98. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 18.92 and a beta of 1.23. UFP Industries, Inc. has a 52 week low of $77.89 and a 52 week high of $118.00. The firm's 50-day simple moving average is $88.23 and its two-hundred day simple moving average is $90.06.
UFP Industries (NASDAQ:UFPI - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.79 billion. UFP Industries had a net margin of 3.99% and a return on equity of 8.00%. As a group, equities analysts forecast that UFP Industries, Inc. will post 4.51 earnings per share for the current year.
UFP Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. UFP Industries's dividend payout ratio is 33.03%.
UFP Industries Company Profile
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider UFP Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UFP Industries wasn't on the list.
While UFP Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
