AIA Group Ltd Has $552,000 Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

AIA Group Ltd reduced its position in UFP Industries, Inc. (NASDAQ:UFPI) by 5.0% during the third quarter, HoldingsChannel reports. The firm owned 4,205 shares of the construction company’s stock after selling 220 shares during the period. AIA Group Ltd’s holdings in UFP Industries were worth $552,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Foundry Partners LLC lifted its stake in UFP Industries by 13.1% in the first quarter. Foundry Partners LLC now owns 39,107 shares of the construction company’s stock valued at $4,811,000 after buying an additional 4,526 shares during the period. Harbor Capital Advisors Inc. grew its holdings in UFP Industries by 299.5% in the second quarter. Harbor Capital Advisors Inc. now owns 6,132 shares of the construction company’s stock worth $687,000 after purchasing an additional 4,597 shares during the period. Acadian Asset Management LLC bought a new stake in UFP Industries in the first quarter valued at $1,214,000. Empowered Funds LLC increased its stake in UFP Industries by 14.9% in the first quarter. Empowered Funds LLC now owns 56,562 shares of the construction company’s stock valued at $6,958,000 after purchasing an additional 7,320 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of UFP Industries by 233.2% during the 2nd quarter. Hsbc Holdings PLC now owns 6,565 shares of the construction company’s stock worth $729,000 after purchasing an additional 4,595 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

UFP Industries Trading Up 0.9 %

Shares of UFP Industries stock opened at $134.49 on Friday. The company has a market capitalization of $8.19 billion, a P/E ratio of 18.50 and a beta of 1.39. The stock has a fifty day simple moving average of $127.78 and a 200 day simple moving average of $121.26. UFP Industries, Inc. has a 12-month low of $100.25 and a 12-month high of $139.54. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) 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 firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business’s revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that UFP Industries, Inc. will post 7.01 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.98%. UFP Industries’s dividend payout ratio is currently 18.16%.

Analyst Ratings Changes

UFPI has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their target price on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Benchmark upped their price objective 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $148.00.

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.