OneDigital Investment Advisors LLC Acquires Shares of 8,590 UFP Industries, Inc. $UFPI

OneDigital Investment Advisors LLC bought a new position in UFP Industries, Inc. (NASDAQ:UFPI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,590 shares of the construction company’s stock, valued at approximately $779,000.

Several other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC acquired a new stake in shares of UFP Industries during the first quarter valued at approximately $28,000. Root Financial Partners LLC lifted its position in shares of UFP Industries by 86.0% in the 1st quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock valued at $29,000 after acquiring an additional 148 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after purchasing an additional 114 shares during the period. Danske Bank A S boosted its stake in UFP Industries by 300.0% in the 4th quarter. Danske Bank A S now owns 400 shares of the construction company’s stock worth $36,000 after purchasing an additional 300 shares during the period. Finally, IFP Advisors Inc grew its position in UFP Industries by 84.8% during the 4th quarter. IFP Advisors Inc now owns 414 shares of the construction company’s stock worth $38,000 after purchasing an additional 190 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research raised shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. BMO Capital Markets raised 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. Weiss Ratings upgraded UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Benchmark dropped their price target on UFP Industries from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, DA Davidson reduced their price objective on UFP Industries from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

UFP Industries Stock Down 1.2%

UFPI opened at $87.20 on Wednesday. The company has a market capitalization of $4.81 billion, a PE ratio of 20.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 2.64. UFP Industries, Inc. has a fifty-two week low of $77.89 and a fifty-two week high of $118.00. The business has a 50-day moving average of $87.80 and a 200-day moving average of $91.70.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%.The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Equities research analysts forecast that UFP Industries, Inc. will post 4.56 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. UFP Industries’s payout ratio is currently 33.03%.

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.