Legacy Wealth Asset Management LLC Sells 525 Shares of UFP Industries, Inc. $UFPI

Legacy Wealth Asset Management LLC decreased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,264 shares of the construction company’s stock after selling 525 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in UFP Industries were worth $324,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of UFP Industries during the 1st quarter worth about $36,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of UFP Industries by 39.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock worth $45,000 after purchasing an additional 119 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of UFP Industries during the 2nd quarter worth about $59,000. Signaturefd LLC increased its holdings in shares of UFP Industries by 222.5% during the 1st quarter. Signaturefd LLC now owns 816 shares of the construction company’s stock worth $87,000 after purchasing an additional 563 shares during the period. Finally, Covestor Ltd increased its holdings in shares of UFP Industries by 20.4% during the 1st quarter. Covestor Ltd now owns 886 shares of the construction company’s stock worth $94,000 after purchasing an additional 150 shares during the period. Institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UFPI. Loop Capital began coverage on shares of UFP Industries in a research note on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 target price 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, October 17th. Stifel Nicolaus set a $95.00 target price on shares of UFP Industries and gave the company a “hold” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued 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 and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $124.25.

UFP Industries Stock Performance

NASDAQ UFPI opened at $93.26 on Wednesday. The stock has a market cap of $5.46 billion, a P/E ratio of 16.19 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $88.99 and a twelve month high of $141.33. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. The company’s 50-day simple moving average is $97.18 and its 200 day simple moving average is $99.83.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. UFP Industries’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. As a group, research analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

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.