Nations Financial Group Inc. IA ADV Boosts Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Nations Financial Group Inc. IA ADV raised its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,649 shares of the construction company’s stock after buying an additional 175 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in UFP Industries were worth $872,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UFPI. Quantbot Technologies LP acquired a new stake in shares of UFP Industries in the 1st quarter worth $726,000. SG Americas Securities LLC increased its holdings in shares of UFP Industries by 222.6% during the first quarter. SG Americas Securities LLC now owns 3,781 shares of the construction company’s stock valued at $465,000 after acquiring an additional 2,609 shares in the last quarter. Sei Investments Co. raised its position in shares of UFP Industries by 16.7% in the 1st quarter. Sei Investments Co. now owns 79,160 shares of the construction company’s stock valued at $9,738,000 after purchasing an additional 11,331 shares during the last quarter. ProShare Advisors LLC boosted its stake in UFP Industries by 4.7% in the 1st quarter. ProShare Advisors LLC now owns 13,816 shares of the construction company’s stock worth $1,700,000 after purchasing an additional 616 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in UFP Industries during the 1st quarter worth approximately $363,000. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Price Performance

Shares of UFPI opened at $133.34 on Wednesday. The business’s 50-day moving average is $128.43 and its two-hundred day moving average is $121.68. The company has a market capitalization of $8.10 billion, a P/E ratio of 18.34 and a beta of 1.39. UFP Industries, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $139.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

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 net margin of 6.70% and a return on equity of 14.45%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the business posted $2.10 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. Research analysts predict that UFP Industries, Inc. will post 7.01 earnings per share for the current year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is presently 18.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UFPI shares. Wedbush reiterated an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a research note on Monday, November 4th. Benchmark boosted their price target on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets raised their price objective on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus upped their target price on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.