Boston Partners Raises Stock Holdings in UFP Industries, Inc. $UFPI

Boston Partners boosted its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 25.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,838,108 shares of the construction company’s stock after buying an additional 368,808 shares during the quarter. Boston Partners owned approximately 3.04% of UFP Industries worth $182,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its stake in shares of UFP Industries by 10.2% in the second quarter. Allianz Asset Management GmbH now owns 249,261 shares of the construction company’s stock worth $24,767,000 after purchasing an additional 23,152 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in UFP Industries by 4.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 166,340 shares of the construction company’s stock worth $16,528,000 after buying an additional 7,063 shares during the period. Nordea Investment Management AB lifted its holdings in UFP Industries by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 111,584 shares of the construction company’s stock worth $11,094,000 after buying an additional 759 shares during the period. World Investment Advisors bought a new stake in shares of UFP Industries in the 2nd quarter worth approximately $394,000. Finally, XTX Topco Ltd grew its position in shares of UFP Industries by 548.2% in the 1st quarter. XTX Topco Ltd now owns 19,717 shares of the construction company’s stock worth $2,111,000 after buying an additional 16,675 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Analysts Set New Price Targets

UFPI has been the subject of a number of recent analyst reports. DA Davidson upgraded UFP Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $112.00 in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a research report on Thursday, October 30th. Zacks Research upgraded shares of UFP Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Loop Capital began coverage on shares of UFP Industries in a research note on Wednesday, July 23rd. They set a “hold” rating and a $112.00 target price on the stock. Finally, Stifel Nicolaus set a $95.00 price target on shares of UFP Industries and gave the company a “hold” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.50.

UFP Industries Stock Down 0.2%

NASDAQ:UFPI opened at $91.28 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. The firm’s 50-day moving average price is $93.94 and its 200-day moving average price is $98.32. The company has a market capitalization of $5.35 billion, a PE ratio of 16.87 and a beta of 1.43. UFP Industries, Inc. has a 1-year low of $88.78 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.08). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a return on equity of 10.16% and a net margin of 5.00%.The company’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. On average, equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.35 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. UFP Industries’s dividend payout ratio is presently 25.88%.

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.