Wilmington Savings Fund Society FSB Sells 2,443 Shares of UFP Industries, Inc. $UFPI

Wilmington Savings Fund Society FSB decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,585 shares of the construction company’s stock after selling 2,443 shares during the quarter. Wilmington Savings Fund Society FSB owned approximately 0.07% of UFP Industries worth $4,430,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UFPI. Park Avenue Securities LLC grew its stake in shares of UFP Industries by 6.5% in the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company’s stock worth $238,000 after purchasing an additional 136 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of UFP Industries by 107.5% in the first quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company’s stock worth $161,000 after purchasing an additional 777 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of UFP Industries in the first quarter worth $538,000. Fifth Third Bancorp boosted its position in UFP Industries by 5.1% during the first quarter. Fifth Third Bancorp now owns 7,785 shares of the construction company’s stock valued at $833,000 after acquiring an additional 376 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in UFP Industries by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company’s stock valued at $761,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

UFPI has been the topic of a number of research analyst reports. Loop Capital initiated coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price target on the stock. Stifel Nicolaus set a $95.00 price target on shares of UFP Industries and gave the company a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Industries in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $124.25.

UFP Industries Price Performance

UFPI stock opened at $91.98 on Wednesday. The stock has a market capitalization of $5.39 billion, a PE ratio of 15.97 and a beta of 1.45. The company’s 50-day moving average is $97.99 and its 200-day moving average is $100.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. UFP Industries, Inc. has a 1 year low of $88.99 and a 1 year high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.UFP Industries’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Equities research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were 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 was Friday, August 29th. UFP Industries’s dividend payout ratio is 24.31%.

UFP Industries 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.