UFP Industries, Inc. (NASDAQ:UFPI) is Royce & Associates LP's 7th Largest Position

Royce & Associates LP raised its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 697,311 shares of the construction company's stock after buying an additional 68,742 shares during the quarter. UFP Industries comprises approximately 0.8% of Royce & Associates LP's holdings, making the stock its 7th largest position. Royce & Associates LP owned about 1.15% of UFP Industries worth $74,640,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in shares of UFP Industries during the fourth quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of UFP Industries during the first quarter worth about $36,000. Kapitalo Investimentos Ltda purchased a new stake in shares of UFP Industries during the fourth quarter worth about $61,000. UMB Bank n.a. grew its stake in shares of UFP Industries by 182.1% during the first quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after acquiring an additional 366 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of UFP Industries by 222.5% during the first quarter. Signaturefd LLC now owns 816 shares of the construction company's stock worth $87,000 after purchasing an additional 563 shares during the period. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Stock Performance

UFPI traded down $0.93 during trading on Thursday, hitting $104.00. The stock had a trading volume of 68,192 shares, compared to its average volume of 444,677. UFP Industries, Inc. has a twelve month low of $93.00 and a twelve month high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.44 and a current ratio of 4.96. The company's 50-day moving average price is $100.27 and its 200 day moving average price is $105.87. The firm has a market capitalization of $6.28 billion, a P/E ratio of 17.07 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). UFP Industries had a net margin of 5.64% and a return on equity of 11.78%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm earned $1.96 EPS. The business's quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Loop Capital initiated coverage on UFP Industries in a report on Wednesday. They issued a "hold" rating and a $112.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.80.

UFP Industries 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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