UFP Industries, Inc. $UFPI Shares Sold by Henrickson Nauta Wealth Advisors Inc.

Key Points

• Henrickson Nauta Wealth Advisors Inc. reduced its stake in UFP Industries by 19.3%, selling 45,121 shares in the second quarter, now holding 188,349 shares valued at approximately $18.71 million.
• UFP Industries reported $1.70 EPS for the last quarter, missing analyst expectations of $1.95 EPS, with revenue down 3.5% year-over-year to $1.84 billion.
• The company's recent quarterly dividend of $0.35 per share gives an annualized yield of 1.4% and is indicative of a dividend payout ratio of 24.31%.

Henrickson Nauta Wealth Advisors Inc. lowered its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 19.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,349 shares of the construction company's stock after selling 45,121 shares during the quarter. UFP Industries accounts for approximately 6.5% of Henrickson Nauta Wealth Advisors Inc.'s holdings, making the stock its 4th biggest holding. Henrickson Nauta Wealth Advisors Inc. owned about 0.31% of UFP Industries worth $18,714,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC acquired a new position in UFP Industries in the 4th quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in UFP Industries in the 1st quarter worth $36,000. Caitong International Asset Management Co. Ltd increased its position in shares of UFP Industries by 39.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock worth $45,000 after purchasing an additional 119 shares during the last quarter. UMB Bank n.a. increased its position in shares of UFP Industries by 182.1% in the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after purchasing an additional 366 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of UFP Industries by 222.5% in the 1st quarter. Signaturefd LLC now owns 816 shares of the construction company's stock worth $87,000 after purchasing an additional 563 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UFPI shares. Loop Capital started coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 target price for the company. Zacks Research downgraded shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $134.00.

UFP Industries Price Performance

Shares of NASDAQ:UFPI traded down $2.88 during trading on Friday, reaching $95.32. The company had a trading volume of 1,485,851 shares, compared to its average volume of 309,430. The firm's fifty day moving average is $101.27 and its 200 day moving average is $102.24. The firm has a market capitalization of $5.58 billion, a PE ratio of 16.55 and a beta of 1.47. 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 3.16 and a current ratio of 4.54.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.25). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The company's revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. On average, equities analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 29th. UFP Industries's payout ratio is presently 24.31%.

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.