Campbell & CO Investment Adviser LLC Invests $3.58 Million in UFP Industries, Inc. $UFPI

Campbell & CO Investment Adviser LLC acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,978 shares of the construction company’s stock, valued at approximately $3,575,000. Campbell & CO Investment Adviser LLC owned 0.06% of UFP Industries as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Allianz Asset Management GmbH raised its position in shares of UFP Industries by 10.2% during the second quarter. Allianz Asset Management GmbH now owns 249,261 shares of the construction company’s stock worth $24,767,000 after acquiring an additional 23,152 shares during the last quarter. Mutual of America Capital Management LLC increased its position in UFP Industries by 4.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 166,340 shares of the construction company’s stock valued at $16,528,000 after purchasing an additional 7,063 shares during the period. Nordea Investment Management AB increased its position in UFP Industries by 0.7% during the 2nd quarter. Nordea Investment Management AB now owns 111,584 shares of the construction company’s stock valued at $11,094,000 after purchasing an additional 759 shares during the period. World Investment Advisors bought a new position in UFP Industries during the 2nd quarter worth approximately $394,000. Finally, XTX Topco Ltd lifted its position in shares of UFP Industries by 548.2% in the 1st quarter. XTX Topco Ltd now owns 19,717 shares of the construction company’s stock worth $2,111,000 after purchasing an additional 16,675 shares during the period. 81.81% of the stock is owned by institutional investors.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $92.00 on Friday. The firm has a market capitalization of $5.39 billion, a P/E ratio of 17.01 and a beta of 1.43. The firm’s 50-day moving average price is $94.31 and its 200-day moving average price is $98.60. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1-year low of $88.78 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). UFP Industries had a net margin of 5.00% and a return on equity of 10.16%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be 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 is Monday, December 1st. UFP Industries’s dividend payout ratio is presently 25.88%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UFPI. 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 objective for the company. 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. Zacks Research raised UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. DA Davidson raised UFP Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $112.00 in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of UFP Industries in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $113.50.

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.