Seizert Capital Partners LLC Buys 896 Shares of UFP Industries, Inc. $UFPI

Seizert Capital Partners LLC increased its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,235 shares of the construction company’s stock after acquiring an additional 896 shares during the period. Seizert Capital Partners LLC’s holdings in UFP Industries were worth $3,998,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC increased its stake in shares of UFP Industries by 112.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,010 shares of the construction company’s stock valued at $895,000 after buying an additional 4,772 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in UFP Industries by 6.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,517 shares of the construction company’s stock valued at $1,542,000 after acquiring an additional 1,001 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in UFP Industries by 5.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,483 shares of the construction company’s stock worth $1,340,000 after purchasing an additional 682 shares during the period. Geode Capital Management LLC increased its position in UFP Industries by 2.4% in the second quarter. Geode Capital Management LLC now owns 1,594,161 shares of the construction company’s stock worth $158,413,000 after purchasing an additional 37,534 shares during the period. Finally, Boston Partners raised its holdings in UFP Industries by 25.1% during the 2nd quarter. Boston Partners now owns 1,838,108 shares of the construction company’s stock worth $182,636,000 after purchasing an additional 368,808 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UFPI shares. 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. Stifel Nicolaus set a $95.00 target price on shares of UFP Industries and gave the stock a “hold” rating in a report on Wednesday, October 8th. DA Davidson upgraded shares of UFP Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $112.00 in a research report on Friday, October 31st. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $113.50.

UFP Industries Price Performance

UFPI opened at $88.76 on Wednesday. The stock has a market cap of $5.17 billion, a P/E ratio of 16.41 and a beta of 1.43. UFP Industries, Inc. has a 12 month low of $87.11 and a 12 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 has a fifty day simple moving average of $92.76 and a 200 day simple moving average of $97.91.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Wednesday, October 29th. The construction company reported $1.29 earnings per share (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 business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The firm’s revenue was down 5.4% on a year-over-year basis. On average, research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.35 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. UFP Industries’s payout ratio is currently 25.88%.

UFP Industries Company 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.