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. lessened its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 19.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 188,349 shares of the construction company's stock after selling 45,121 shares during the quarter. UFP Industries comprises about 6.5% of Henrickson Nauta Wealth Advisors Inc.'s portfolio, making the stock its 4th largest holding. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.31% of UFP Industries worth $18,714,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of UFP Industries by 17.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company's stock worth $401,550,000 after buying an additional 568,741 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of UFP Industries by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company's stock worth $205,237,000 after buying an additional 25,903 shares during the last quarter. Boston Partners lifted its stake in shares of UFP Industries by 118.6% during the 1st quarter. Boston Partners now owns 1,469,300 shares of the construction company's stock worth $157,270,000 after buying an additional 797,069 shares during the last quarter. Northern Trust Corp lifted its stake in shares of UFP Industries by 1.6% during the 1st quarter. Northern Trust Corp now owns 1,129,244 shares of the construction company's stock worth $120,874,000 after buying an additional 18,097 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of UFP Industries by 14.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,051,613 shares of the construction company's stock worth $112,112,000 after buying an additional 132,595 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Performance

NASDAQ UFPI opened at $99.29 on Tuesday. UFP Industries, Inc. has a 52-week low of $93.00 and a 52-week high of $141.33. The company has a 50-day simple moving average of $102.03 and a 200 day simple moving average of $102.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. The company has a market capitalization of $5.82 billion, a PE ratio of 17.24 and a beta of 1.47.

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

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, August 29th. UFP Industries's dividend payout ratio (DPR) is currently 24.31%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UFPI. Zacks Research lowered shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Loop Capital assumed coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $134.00.

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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