1,830 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Acquired by MQS Management LLC

MQS Management LLC acquired a new position in UFP Industries, Inc. (NASDAQ:UFPI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,830 shares of the construction company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in UFP Industries by 0.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company’s stock valued at $361,155,000 after purchasing an additional 28,601 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in UFP Industries by 3.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company’s stock valued at $116,467,000 after purchasing an additional 32,555 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in UFP Industries by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 738,608 shares of the construction company’s stock valued at $90,857,000 after purchasing an additional 5,784 shares in the last quarter. AQR Capital Management LLC lifted its holdings in UFP Industries by 22.7% during the second quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock valued at $67,594,000 after purchasing an additional 112,518 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in UFP Industries by 1.0% during the third quarter. Copeland Capital Management LLC now owns 546,197 shares of the construction company’s stock valued at $71,667,000 after purchasing an additional 5,515 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. Stifel Nicolaus lifted their price target on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Finally, Benchmark boosted their target price on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.00.

UFP Industries Price Performance

UFPI stock opened at $129.21 on Friday. UFP Industries, Inc. has a one year low of $107.49 and a one year high of $139.54. The company’s fifty day moving average price is $129.45 and its 200-day moving average price is $121.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The company has a market capitalization of $7.85 billion, a PE ratio of 17.77 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities analysts anticipate that UFP Industries, Inc. will post 7.01 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s dividend payout ratio is presently 18.16%.

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.