UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,728 Shares of UFP Industries, Inc. $UFPI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,451 shares of the construction company’s stock after selling 10,728 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of UFP Industries worth $8,661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UFPI. BlackRock Inc. acquired a new position in UFP Industries during the 2nd quarter valued at about $688,063,000. Wasatch Advisors LP raised its stake in shares of UFP Industries by 32.9% in the first quarter. Wasatch Advisors LP now owns 2,037,908 shares of the construction company’s stock worth $187,732,000 after purchasing an additional 504,609 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of UFP Industries by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,909,315 shares of the construction company’s stock valued at $173,847,000 after purchasing an additional 44,736 shares in the last quarter. Boston Partners lifted its holdings in shares of UFP Industries by 2.2% in the third quarter. Boston Partners now owns 1,887,460 shares of the construction company’s stock valued at $176,449,000 after purchasing an additional 39,957 shares in the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of UFP Industries by 64.1% during the fourth quarter. River Road Asset Management LLC now owns 879,935 shares of the construction company’s stock valued at $80,118,000 after buying an additional 343,830 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $84.38 on Tuesday. The company has a market capitalization of $4.65 billion, a PE ratio of 19.35 and a beta of 1.22. The company has a quick ratio of 2.64, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $87.62 and its 200-day moving average price is $89.21. UFP Industries, Inc. has a twelve month low of $77.89 and a twelve month high of $118.00.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%.The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.79 billion. On average, equities analysts anticipate that UFP Industries, Inc. will post 4.51 EPS for the current year.

UFP Industries Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on UFPI. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Stifel Nicolaus set a $90.00 price objective on shares of UFP Industries and gave the stock a “hold” rating in a report on Monday, August 24th. Finally, Weiss Ratings upgraded shares of UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and a consensus price target of $104.50.

About UFP Industries

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.