Vest Financial LLC Has $1.38 Million Position in UFP Industries, Inc. (NASDAQ:UFPI)

Vest Financial LLC lowered its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 40.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,915 shares of the construction company’s stock after selling 8,673 shares during the quarter. Vest Financial LLC’s holdings in UFP Industries were worth $1,382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Robertson Stephens Wealth Management LLC grew its stake in UFP Industries by 5.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock worth $216,000 after buying an additional 104 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in UFP Industries by 2.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 6,418 shares of the construction company’s stock valued at $723,000 after buying an additional 150 shares during the period. Empirical Finance LLC raised its holdings in UFP Industries by 82.1% in the fourth quarter. Empirical Finance LLC now owns 9,276 shares of the construction company’s stock worth $1,045,000 after purchasing an additional 4,182 shares during the period. Shaker Investments LLC OH acquired a new stake in UFP Industries in the fourth quarter worth $924,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in UFP Industries by 3.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock worth $102,158,000 after purchasing an additional 31,381 shares during the period. Institutional investors own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Benchmark restated a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a report on Wednesday, February 19th. Wall Street Zen downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Stock Performance

NASDAQ UFPI opened at $96.58 on Friday. The firm has a 50-day moving average of $101.78 and a 200-day moving average of $111.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The stock has a market cap of $5.83 billion, a PE ratio of 14.27 and a beta of 1.49. UFP Industries, Inc. has a 52-week low of $94.68 and a 52-week high of $141.33.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.27). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm earned $1.96 EPS. UFP Industries’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.45%. UFP Industries’s dividend payout ratio (DPR) is 22.91%.

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.