Campbell & CO Investment Adviser LLC Purchases New Position in UFP Industries, Inc. $UFPI

Campbell & CO Investment Adviser LLC purchased a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the second quarter, Holdings Channel.com reports. The firm purchased 35,978 shares of the construction company’s stock, valued at approximately $3,575,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UFPI. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of UFP Industries in the first quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd raised its position in UFP Industries by 39.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock valued at $45,000 after buying an additional 119 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in UFP Industries during the 2nd quarter valued at $59,000. Signaturefd LLC boosted its holdings in UFP Industries by 222.5% during the 1st quarter. Signaturefd LLC now owns 816 shares of the construction company’s stock worth $87,000 after acquiring an additional 563 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of UFP Industries in the 2nd quarter worth $91,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

UFP Industries Stock Down 0.4%

UFPI opened at $92.00 on Friday. UFP Industries, Inc. has a twelve month low of $88.78 and a twelve month high of $141.33. The company’s 50-day moving average price is $94.31 and its two-hundred day moving average price is $98.60. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 17.01 and a beta of 1.43. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). UFP Industries had a return on equity of 10.16% and a net margin of 5.00%.The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the firm posted $1.64 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. UFP Industries’s dividend payout ratio is currently 25.88%.

UFP Industries Company Profile

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.