UFP Industries, Inc. $UFPI Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 166,340 shares of the construction company’s stock after acquiring an additional 7,063 shares during the period. Mutual of America Capital Management LLC’s holdings in UFP Industries were worth $16,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in UFP Industries by 107.5% in the 1st quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company’s stock valued at $161,000 after buying an additional 777 shares in the last quarter. KBC Group NV grew its holdings in shares of UFP Industries by 15.8% in the first quarter. KBC Group NV now owns 2,836 shares of the construction company’s stock valued at $304,000 after purchasing an additional 386 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in UFP Industries during the first quarter worth about $1,534,000. State of Alaska Department of Revenue boosted its holdings in UFP Industries by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company’s stock valued at $761,000 after purchasing an additional 190 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of UFP Industries in the 1st quarter valued at approximately $538,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Down 0.0%

Shares of UFPI opened at $90.66 on Friday. The company’s 50-day simple moving average is $97.51 and its 200-day simple moving average is $100.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. UFP Industries, Inc. has a 1 year low of $88.99 and a 1 year high of $141.33. The stock has a market capitalization of $5.31 billion, a PE ratio of 15.74 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts forecast 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 was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. UFP Industries’s payout ratio is presently 24.31%.

Analysts Set New Price Targets

UFPI has been the subject of several analyst reports. Stifel Nicolaus set a $95.00 price objective on UFP Industries and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Zacks Research cut UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. Loop Capital started coverage on shares of UFP Industries in a report on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Industries in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, UFP Industries has a consensus rating of “Hold” and an average price target 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.