Prescott Group Capital Management L.L.C. acquired a new position in UFP Industries, Inc. (NASDAQ:UFPI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,000 shares of the construction company’s stock, valued at approximately $1,457,000.
A number of other large investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its holdings in UFP Industries by 54.8% in the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after acquiring an additional 114 shares during the period. US Bancorp DE lifted its holdings in UFP Industries by 2.3% in the third quarter. US Bancorp DE now owns 5,439 shares of the construction company’s stock valued at $508,000 after acquiring an additional 122 shares during the period. Inspire Advisors LLC lifted its holdings in UFP Industries by 2.2% in the third quarter. Inspire Advisors LLC now owns 6,117 shares of the construction company’s stock valued at $572,000 after acquiring an additional 129 shares during the period. Profund Advisors LLC lifted its holdings in UFP Industries by 6.1% in the third quarter. Profund Advisors LLC now owns 2,426 shares of the construction company’s stock valued at $227,000 after acquiring an additional 139 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in UFP Industries by 1.1% in the fourth quarter. ProShare Advisors LLC now owns 12,972 shares of the construction company’s stock valued at $1,181,000 after acquiring an additional 145 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a report on Tuesday, January 27th. BMO Capital Markets raised UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Tuesday, May 5th. Stifel Nicolaus decreased their price target on UFP Industries from $100.00 to $87.00 and set a “hold” rating for the company in a report on Monday, May 11th. Benchmark decreased their price target on UFP Industries from $125.00 to $115.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $105.40.
UFP Industries Trading Up 1.0%
Shares of NASDAQ:UFPI opened at $79.99 on Thursday. UFP Industries, Inc. has a 1 year low of $78.12 and a 1 year high of $118.00. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.47 and a beta of 1.29. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.64 and a quick ratio of 3.07. The business’s 50 day moving average price is $89.91 and its 200-day moving average price is $95.53.
UFP Industries (NASDAQ:UFPI – Get Free Report) last announced its earnings results on Wednesday, April 29th. The construction company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.26). UFP Industries had a net margin of 4.31% and a return on equity of 8.50%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the business earned $1.30 EPS. The company’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities research analysts forecast that UFP Industries, Inc. will post 4.77 earnings per share for the current fiscal year.
UFP Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.36 per share. The ex-dividend date is Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. UFP Industries’s dividend payout ratio (DPR) is 31.44%.
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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