Henrickson Nauta Wealth Advisors Inc. lowered its position in UFP Industries, Inc. (NASDAQ:UFPI – Free Report) by 54.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 23,518 shares of the construction company’s stock after selling 27,863 shares during the quarter. UFP Industries makes up about 0.6% of Henrickson Nauta Wealth Advisors Inc.’s investment portfolio, making the stock its 18th largest position. Henrickson Nauta Wealth Advisors Inc.’s holdings in UFP Industries were worth $2,166,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of UFP Industries by 54.8% in the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after acquiring an additional 114 shares during the period. Signaturefd LLC lifted its holdings in UFP Industries by 66.1% in the 4th quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock worth $35,000 after purchasing an additional 154 shares in the last quarter. Danske Bank A S boosted its stake in UFP Industries by 300.0% in the 4th quarter. Danske Bank A S now owns 400 shares of the construction company’s stock worth $36,000 after purchasing an additional 300 shares during the period. IFP Advisors Inc grew its holdings in UFP Industries by 84.8% during the 4th quarter. IFP Advisors Inc now owns 414 shares of the construction company’s stock valued at $38,000 after buying an additional 190 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of UFP Industries by 117.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 413 shares of the construction company’s stock worth $38,000 after buying an additional 223 shares in the last quarter. 81.81% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on UFPI. Benchmark cut their target price on shares of UFP Industries from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Stifel Nicolaus decreased their target price on UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a research report 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. BMO Capital Markets raised UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research note on Tuesday, May 5th. Finally, Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, UFP Industries has an average rating of “Hold” and a consensus price target of $105.40.
UFP Industries Price Performance
UFPI stock opened at $86.58 on Monday. UFP Industries, Inc. has a 52 week low of $77.89 and a 52 week high of $118.00. The firm has a market capitalization of $4.89 billion, a P/E ratio of 18.90 and a beta of 1.24. The company has a fifty day simple moving average of $86.36 and a two-hundred day simple moving average of $94.15. The company has a quick ratio of 3.07, a current ratio of 4.64 and a debt-to-equity ratio of 0.07.
UFP Industries (NASDAQ:UFPI – Get Free Report) last posted its earnings results on Wednesday, April 29th. The construction company reported $0.89 earnings per share 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 the consensus estimate of $1.51 billion. UFP Industries had a return on equity of 8.50% and a net margin of 4.31%.The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. Analysts anticipate that UFP Industries, Inc. will post 4.6 earnings per share for the current fiscal year.
UFP Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.36 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.44 annualized dividend and a yield of 1.7%. UFP Industries’s dividend payout ratio (DPR) is currently 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.
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