SG Americas Securities LLC Sells 6,801 Shares of UFP Industries, Inc. $UFPI

SG Americas Securities LLC lowered its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 31.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,698 shares of the construction company’s stock after selling 6,801 shares during the quarter. SG Americas Securities LLC’s holdings in UFP Industries were worth $1,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UFPI. Commonwealth Equity Services LLC raised its stake in UFP Industries by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,197 shares of the construction company’s stock valued at $291,000 after purchasing an additional 92 shares during the last quarter. Arkadios Wealth Advisors grew its position in UFP Industries by 2.1% in the 4th quarter. Arkadios Wealth Advisors now owns 4,648 shares of the construction company’s stock worth $423,000 after purchasing an additional 97 shares during the last quarter. Geneos Wealth Management Inc. grew its position in UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after purchasing an additional 114 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of UFP Industries by 1.3% during the 4th quarter. SkyView Investment Advisors LLC now owns 9,133 shares of the construction company’s stock worth $832,000 after purchasing an additional 114 shares during the period. Finally, US Bancorp DE increased its holdings in shares of UFP Industries by 2.3% during the 3rd quarter. US Bancorp DE now owns 5,439 shares of the construction company’s stock worth $508,000 after purchasing an additional 122 shares during the period. Institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UFPI shares. Stifel Nicolaus reduced their target price on shares of UFP Industries from $100.00 to $87.00 and set a “hold” rating for the company in a research note on Monday, May 11th. Weiss Ratings lowered UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. DA Davidson cut their price target on UFP Industries from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 1st. Zacks Research cut UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 17th. Finally, BMO Capital Markets upgraded UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, UFP Industries has a consensus rating of “Hold” and a consensus target price of $105.40.

UFP Industries Stock Performance

Shares of UFP Industries stock opened at $89.19 on Friday. The firm has a market capitalization of $5.04 billion, a PE ratio of 19.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.64 and a quick ratio of 3.07. The company’s fifty day moving average price is $85.15 and its two-hundred day moving average price is $94.00. UFP Industries, Inc. has a 52-week low of $77.89 and a 52-week high of $118.00.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.26). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. UFP Industries had a net margin of 4.31% and a return on equity of 8.50%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. On average, analysts expect that UFP Industries, Inc. will post 4.6 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.6%. UFP Industries’s payout ratio is presently 31.44%.

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.