UFP Industries, Inc. $UFPI Holdings Decreased by Nordea Investment Management AB

Nordea Investment Management AB reduced its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 13.3% in the 4th quarter, Holdings Channel reports. The fund owned 99,317 shares of the construction company’s stock after selling 15,228 shares during the period. Nordea Investment Management AB’s holdings in UFP Industries were worth $9,111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its holdings in shares of UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after purchasing an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of UFP Industries by 648.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company’s stock worth $41,000 after purchasing an additional 376 shares during the period. Winnow Wealth LLC purchased a new position in UFP Industries during the third quarter valued at approximately $51,000. EverSource Wealth Advisors LLC grew its position in UFP Industries by 90.9% during the second quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock valued at $54,000 after purchasing an additional 259 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in UFP Industries by 2,951.5% in the 3rd quarter. NewEdge Advisors LLC now owns 1,007 shares of the construction company’s stock valued at $94,000 after buying an additional 974 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Up 1.0%

UFPI opened at $92.00 on Thursday. The firm has a market cap of $5.23 billion, a P/E ratio of 18.44 and a beta of 1.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.13 and a current ratio of 4.59. The business has a 50 day moving average price of $102.83 and a 200 day moving average price of $96.55. UFP Industries, Inc. has a twelve month low of $84.82 and a twelve month high of $118.00.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, February 23rd. The construction company reported $0.70 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.33). UFP Industries had a net margin of 4.66% and a return on equity of 9.27%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business earned $1.12 EPS. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. Research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, March 2nd. This is a boost from UFP Industries’s previous quarterly dividend of $0.35. UFP Industries’s dividend payout ratio (DPR) is 28.86%.

Wall Street Analyst Weigh In

UFPI has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of UFP Industries in a research report on Tuesday, January 27th. Stifel Nicolaus set a $98.00 price target on shares of UFP Industries in a report on Tuesday, December 2nd. DA Davidson dropped their price target on shares of UFP Industries from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Zacks Research lowered UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.67.

About UFP Industries

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.