Cambient Family Office LLC Purchases New Shares in UFP Industries, Inc. $UFPI

Cambient Family Office LLC purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,273 shares of the construction company’s stock, valued at approximately $844,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of UFP Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,117,218 shares of the construction company’s stock worth $556,973,000 after acquiring an additional 17,016 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of UFP Industries by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,909,315 shares of the construction company’s stock valued at $173,847,000 after buying an additional 44,736 shares during the period. Boston Partners boosted its position in shares of UFP Industries by 2.2% during the third quarter. Boston Partners now owns 1,887,460 shares of the construction company’s stock valued at $176,449,000 after buying an additional 39,957 shares during the period. Wasatch Advisors LP grew its stake in shares of UFP Industries by 18.7% during the fourth quarter. Wasatch Advisors LP now owns 1,533,299 shares of the construction company’s stock valued at $139,607,000 after buying an additional 241,152 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of UFP Industries by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,247,346 shares of the construction company’s stock valued at $114,980,000 after buying an additional 23,905 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on UFPI shares. Benchmark decreased their price target on UFP Industries from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Stifel Nicolaus cut their price objective on UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. Weiss Ratings lowered UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Finally, BMO Capital Markets upgraded UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 target price for the company in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, UFP Industries has a consensus rating of “Hold” and a consensus price target of $105.40.

UFP Industries Price Performance

Shares of UFPI stock opened at $86.58 on Friday. The company has a market capitalization of $4.89 billion, a P/E ratio of 18.90 and a beta of 1.24. The company’s 50-day simple moving average is $86.52 and its two-hundred day simple moving average is $94.19. UFP Industries, Inc. has a one year low of $77.89 and a one year high of $118.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.64 and a quick ratio of 3.07.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.26). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.51 billion. UFP Industries had a net margin of 4.31% and a return on equity of 8.50%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. As a group, equities analysts anticipate that UFP Industries, Inc. will post 4.6 EPS for the current year.

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 1st. UFP Industries’s dividend payout ratio (DPR) is presently 31.44%.

UFP Industries Company Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.