UFP Industries, Inc. (NASDAQ:UFPI) Position Lessened by Metis Global Partners LLC

Metis Global Partners LLC lowered its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 8.8% in the third quarter, HoldingsChannel reports. The firm owned 2,578 shares of the construction company’s stock after selling 250 shares during the quarter. Metis Global Partners LLC’s holdings in UFP Industries were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parametrica Management Ltd bought a new position in shares of UFP Industries during the third quarter worth about $509,000. MQS Management LLC acquired a new position in UFP Industries during the 3rd quarter valued at about $240,000. Aptus Capital Advisors LLC grew its position in UFP Industries by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 58,659 shares of the construction company’s stock worth $7,697,000 after purchasing an additional 7,898 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of UFP Industries by 2.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 6,649 shares of the construction company’s stock valued at $872,000 after purchasing an additional 175 shares during the period. Finally, Meritage Portfolio Management raised its holdings in shares of UFP Industries by 9.2% during the third quarter. Meritage Portfolio Management now owns 3,946 shares of the construction company’s stock valued at $518,000 after buying an additional 334 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Price Performance

UFPI opened at $129.21 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The company has a market capitalization of $7.85 billion, a PE ratio of 17.77 and a beta of 1.39. The stock’s fifty day moving average is $129.77 and its 200-day moving average is $122.14. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $139.54.

UFP Industries (NASDAQ:UFPI) last issued its quarterly 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 return on equity of 14.45% and a net margin of 6.70%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm posted $2.10 earnings per share. UFP Industries’s revenue was down 9.8% compared to the same quarter last year. On average, equities analysts predict that UFP Industries, Inc. will post 7.01 EPS for the current fiscal year.

UFP Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About UFP Industries

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.