UFP Industries, Inc. $UFPI Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,147 shares of the construction company’s stock after buying an additional 2,814 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in UFP Industries were worth $1,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in UFP Industries by 17.9% during the 1st 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of UFP Industries by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company’s stock worth $205,237,000 after acquiring an additional 25,903 shares in the last quarter. Boston Partners lifted its stake in UFP Industries by 118.6% during the first quarter. Boston Partners now owns 1,469,300 shares of the construction company’s stock worth $157,270,000 after purchasing an additional 797,069 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in UFP Industries by 14.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,207,793 shares of the construction company’s stock valued at $127,386,000 after purchasing an additional 156,180 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in UFP Industries by 1.6% in the first quarter. Northern Trust Corp now owns 1,129,244 shares of the construction company’s stock valued at $120,874,000 after purchasing an additional 18,097 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Trading Up 2.0%

NASDAQ UFPI opened at $91.80 on Friday. 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 has a market cap of $5.38 billion, a PE ratio of 16.97 and a beta of 1.45. UFP Industries, Inc. has a one year low of $88.78 and a one year high of $141.33. The firm’s fifty day moving average is $95.75 and its two-hundred day moving average is $99.18.

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

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, December 1st. UFP Industries’s dividend payout ratio (DPR) is 25.88%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of UFP Industries in a research report on Thursday. Stifel Nicolaus set a $95.00 price target on shares of UFP Industries and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Loop Capital assumed coverage on shares of UFP Industries in a research note on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 price objective for the company. Finally, Zacks Research raised UFP Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $124.25.

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.