Huntington National Bank Has $207,000 Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Huntington National Bank lessened its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 12.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,578 shares of the construction company’s stock after selling 220 shares during the quarter. Huntington National Bank’s holdings in UFP Industries were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares during the period. Meeder Asset Management Inc. lifted its holdings in UFP Industries by 0.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company’s stock valued at $1,630,000 after purchasing an additional 105 shares during the last quarter. Cadence Bank boosted its position in UFP Industries by 0.6% during the first quarter. Cadence Bank now owns 19,464 shares of the construction company’s stock worth $2,394,000 after purchasing an additional 110 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of UFP Industries by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company’s stock valued at $866,000 after purchasing an additional 130 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after purchasing an additional 132 shares during the period. Institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Down 2.2 %

Shares of NASDAQ UFPI opened at $129.21 on Monday. The stock has a market capitalization of $7.85 billion, a P/E ratio of 17.77 and a beta of 1.39. The stock’s fifty day moving average is $129.45 and its 200 day moving average is $122.04. UFP Industries, Inc. has a 52 week low of $107.49 and a 52 week high of $139.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the business earned $2.10 earnings per share. UFP Industries’s quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts forecast that UFP Industries, Inc. will post 7.01 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 1.02%. UFP Industries’s dividend payout ratio is currently 18.16%.

Analyst Ratings Changes

Several analysts recently commented on UFPI shares. Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. Benchmark upped their target price on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their price target on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets upped their price objective on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.