Callan Family Office LLC Buys 40,122 Shares of UFP Industries, Inc. $UFPI

Callan Family Office LLC increased its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 1,121.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,701 shares of the construction company’s stock after buying an additional 40,122 shares during the period. Callan Family Office LLC owned 0.07% of UFP Industries worth $4,342,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UFPI. Boston Partners raised its stake in UFP Industries by 118.6% in the first quarter. Boston Partners now owns 1,469,300 shares of the construction company’s stock worth $157,270,000 after buying an additional 797,069 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in UFP Industries by 17.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company’s stock worth $401,550,000 after buying an additional 568,741 shares in the last quarter. Nuveen LLC bought a new position in UFP Industries in the first quarter worth about $18,224,000. Allspring Global Investments Holdings LLC raised its stake in UFP Industries by 14.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,051,613 shares of the construction company’s stock worth $112,112,000 after buying an additional 132,595 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in UFP Industries by 414.9% in the first quarter. Jane Street Group LLC now owns 120,718 shares of the construction company’s stock worth $12,922,000 after buying an additional 97,274 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UFPI has been the subject of a number of analyst reports. Stifel Nicolaus set a $95.00 target price on shares of UFP Industries and gave the company a “hold” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Industries in a research note on Wednesday. Loop Capital initiated coverage on shares of UFP Industries in a research note on Wednesday, July 23rd. They set a “hold” rating and a $112.00 target price for the company. Finally, Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $124.25.

UFP Industries Price Performance

Shares of UFPI opened at $89.44 on Friday. The company has a market capitalization of $5.24 billion, a P/E ratio of 15.53 and a beta of 1.45. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $98.31 and a 200 day moving average of $100.66. UFP Industries, Inc. has a twelve month low of $88.99 and a twelve month high of $141.33.

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

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. UFP Industries’s dividend payout ratio (DPR) is 24.31%.

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.