Northwest & Ethical Investments L.P. Has $782,000 Stock Position in UFP Industries, Inc. $UFPI

Northwest & Ethical Investments L.P. lowered its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,838 shares of the construction company’s stock after selling 1,600 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in UFP Industries were worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in UFP Industries during the first quarter worth about $1,198,000. AE Wealth Management LLC bought a new stake in shares of UFP Industries in the 1st quarter worth approximately $305,000. LPL Financial LLC grew its holdings in shares of UFP Industries by 1.6% during the 1st quarter. LPL Financial LLC now owns 16,678 shares of the construction company’s stock worth $1,785,000 after purchasing an additional 268 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of UFP Industries by 15.3% during the 1st quarter. Mackenzie Financial Corp now owns 9,412 shares of the construction company’s stock worth $1,007,000 after purchasing an additional 1,250 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of UFP Industries during the first quarter valued at approximately $603,000. 81.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

UFPI has been the subject of several research reports. DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $112.00 in a research report on Friday, October 31st. Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Stifel Nicolaus set a $95.00 target price on shares of UFP Industries and gave the company a “hold” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.50.

UFP Industries Stock Up 0.6%

UFPI opened at $93.53 on Friday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 17.29 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. The firm’s 50-day simple moving average is $91.67 and its 200-day simple moving average is $97.58. UFP Industries, Inc. has a twelve month low of $87.11 and a twelve month high of $140.04.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.08). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a net margin of 5.00% and a return on equity of 10.16%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 earnings per share. Equities research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. UFP Industries’s payout ratio is presently 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.