111 Capital Invests $1.15 Million in UFP Industries, Inc. $UFPI

111 Capital acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 11,614 shares of the construction company’s stock, valued at approximately $1,154,000.

A number of other institutional investors have also recently added to or reduced their stakes in UFPI. Boston Partners grew its position in UFP Industries by 118.6% during the first 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 period. Kayne Anderson Rudnick Investment Management LLC boosted 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 acquiring an additional 568,741 shares in the last quarter. Nuveen LLC purchased a new stake in shares of UFP Industries during the 1st quarter worth approximately $18,224,000. Allspring Global Investments Holdings LLC grew its holdings in shares of UFP Industries by 14.4% in 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 acquiring an additional 132,595 shares during the period. Finally, Jane Street Group LLC increased its stake in UFP Industries by 414.9% in the 1st quarter. Jane Street Group LLC now owns 120,718 shares of the construction company’s stock valued at $12,922,000 after purchasing an additional 97,274 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UFPI. Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Industries in a research report on Saturday, September 27th. Finally, Loop Capital assumed coverage on shares of UFP Industries in a report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 target price for the company. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $134.00.

UFP Industries Stock Performance

Shares of UFPI stock opened at $92.18 on Friday. 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 firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. UFP Industries, Inc. has a one year low of $91.16 and a one year high of $141.33. The company has a 50 day moving average price of $99.29 and a 200 day moving average price of $101.25.

UFP Industries (NASDAQ:UFPI) last announced 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). UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the business earned $2.05 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The company also recently declared 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 1.5%. The ex-dividend date of this dividend was Friday, August 29th. UFP Industries’s payout ratio is 24.31%.

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.