SG Americas Securities LLC Has $1.96 Million Stake in UFP Industries, Inc. $UFPI

Key Points

• SG Americas Securities LLC boosted its stake in UFP Industries by 454.4% in Q4, ending the period with 21,499 shares valued at about $1.96 million.
• UFP missed quarterly estimates (EPS $0.70 vs. $1.03 expected) with revenue down 9% to $1.33 billion, and analysts hold a consensus "Hold" rating with a $106.67 price target.
• The company raised its quarterly dividend to $0.36 (annualized $1.44), representing a 1.6% yield and a ~28.9% payout ratio.

SG Americas Securities LLC grew its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 454.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,499 shares of the construction company's stock after purchasing an additional 17,621 shares during the period. SG Americas Securities LLC's holdings in UFP Industries were worth $1,957,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC grew its position in UFP Industries by 822.7% during the third quarter. AlphaQuest LLC now owns 8,480 shares of the construction company's stock worth $793,000 after buying an additional 7,561 shares in the last quarter. Caxton Associates LLP acquired a new position in UFP Industries in the 2nd quarter valued at $1,099,000. New York State Common Retirement Fund lifted its position in shares of UFP Industries by 117.5% during the 3rd quarter. New York State Common Retirement Fund now owns 86,589 shares of the construction company's stock valued at $8,095,000 after acquiring an additional 46,775 shares during the period. Deprince Race & Zollo Inc. bought a new stake in shares of UFP Industries during the 3rd quarter valued at $41,962,000. Finally, Numerai GP LLC acquired a new stake in shares of UFP Industries during the 3rd quarter worth $3,562,000. 81.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UFPI shares. Zacks Research downgraded UFP Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 17th. Weiss Ratings reiterated a "hold (c-)" rating on shares of UFP Industries in a research note on Tuesday, January 27th. Finally, DA Davidson decreased their target price on shares of UFP Industries from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $106.67.

UFP Industries Stock Performance

Shares of UFPI opened at $90.37 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.13 and a current ratio of 4.59. UFP Industries, Inc. has a 52-week low of $84.82 and a 52-week high of $118.00. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 18.11 and a beta of 1.44. The business's fifty day moving average is $100.54 and its 200-day moving average is $96.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. UFP Industries's quarterly revenue was down 9.0% compared to the same quarter last year. Equities analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, March 2nd. This is an increase from UFP Industries's previous quarterly dividend of $0.35. UFP Industries's dividend payout ratio is 28.86%.

UFP Industries Company Profile

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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