Hantz Financial Services Inc. Takes Position in UFP Industries, Inc. (NASDAQ:UFPI)

Hantz Financial Services Inc. bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the second quarter, according to its most recent filing with the SEC. The fund bought 21,927 shares of the construction company’s stock, valued at approximately $2,456,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UFPI. GAMMA Investing LLC purchased a new position in UFP Industries in the fourth quarter valued at about $30,000. Van ECK Associates Corp lifted its stake in UFP Industries by 26.4% in the fourth quarter. Van ECK Associates Corp now owns 17,906 shares of the construction company’s stock valued at $2,248,000 after purchasing an additional 3,739 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in UFP Industries by 218.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock valued at $36,000 after purchasing an additional 197 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in UFP Industries during the fourth quarter valued at $60,000. Finally, M&T Bank Corp purchased a new stake in UFP Industries in the fourth quarter worth $316,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $121.67 on Friday. The stock has a market cap of $7.51 billion, a P/E ratio of 15.13 and a beta of 1.40. The company has a current ratio of 4.34, a quick ratio of 3.18 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 12 month low of $90.62 and a 12 month high of $136.93. The company has a 50 day moving average of $118.62 and a 200 day moving average of $117.17.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. UFP Industries had a return on equity of 15.86% and a net margin of 7.02%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $2.36 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that UFP Industries, Inc. will post 7.24 EPS for the current fiscal year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.08%. UFP Industries’s dividend payout ratio is currently 16.42%.

Insider Activity

In related news, insider Patrick M. Benton sold 11,725 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $115.27, for a total transaction of $1,351,540.75. Following the sale, the insider now directly owns 97,729 shares of the company’s stock, valued at approximately $11,265,221.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UFPI. BMO Capital Markets increased their price target on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 5th. Benchmark boosted their price target on shares of UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wedbush reaffirmed a “neutral” rating and issued a $120.00 price objective (up from $102.00) on shares of UFP Industries in a report on Tuesday, July 30th. Finally, Stifel Nicolaus boosted their target price on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and an average price target of $132.60.

About UFP Industries

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.