Squarepoint Ops LLC grew its holdings in UFP Industries, Inc. (NASDAQ:UFPI – Free Report) by 182.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,360 shares of the construction company’s stock after purchasing an additional 53,166 shares during the quarter. Squarepoint Ops LLC’s holdings in UFP Industries were worth $7,473,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Commonwealth Equity Services LLC raised its position in shares of UFP Industries by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,197 shares of the construction company’s stock worth $291,000 after purchasing an additional 92 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in UFP Industries by 2.1% during the 4th quarter. Arkadios Wealth Advisors now owns 4,648 shares of the construction company’s stock valued at $423,000 after buying an additional 97 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in UFP Industries by 54.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after buying an additional 114 shares during the last quarter. SkyView Investment Advisors LLC increased its position in UFP Industries by 1.3% during the fourth quarter. SkyView Investment Advisors LLC now owns 9,133 shares of the construction company’s stock worth $832,000 after buying an additional 114 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of UFP Industries by 1.1% in the fourth quarter. ProShare Advisors LLC now owns 12,972 shares of the construction company’s stock worth $1,181,000 after acquiring an additional 145 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.
UFP Industries Stock Performance
UFP Industries stock opened at $80.20 on Friday. The stock has a fifty day moving average price of $87.14 and a 200 day moving average price of $88.60. 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 $4.42 billion, a P/E ratio of 18.39 and a beta of 1.22. The company has a current ratio of 3.98, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07.
UFP Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. UFP Industries’s dividend payout ratio (DPR) is currently 33.03%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Stifel Nicolaus set a $90.00 price objective on UFP Industries and gave the company a “hold” rating in a research report on Monday, August 24th. Weiss Ratings upgraded shares of UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, Zacks Research raised shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, UFP Industries currently has a consensus rating of “Moderate Buy” and an average target price of $104.50.
Check Out Our Latest Stock Report on UFP Industries
UFP Industries Company Profile
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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