Segall Bryant & Hamill LLC Acquires 4,579 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Segall Bryant & Hamill LLC increased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,010 shares of the construction company’s stock after purchasing an additional 4,579 shares during the period. Segall Bryant & Hamill LLC’s holdings in UFP Industries were worth $15,484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after purchasing an additional 76 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of UFP Industries by 0.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company’s stock valued at $1,630,000 after purchasing an additional 105 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of UFP Industries by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company’s stock worth $866,000 after buying an additional 130 shares during the period. GAMMA Investing LLC lifted its stake in UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after buying an additional 132 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of UFP Industries by 0.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,766 shares of the construction company’s stock valued at $4,762,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

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

UFP Industries Stock Up 0.4 %

UFP Industries stock opened at $128.63 on Thursday. 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, Inc. has a 1-year low of $107.49 and a 1-year high of $139.54. The company has a fifty day simple moving average of $130.36 and a 200 day simple moving average of $122.26. The company has a market cap of $7.81 billion, a P/E ratio of 17.69 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm posted $2.10 EPS. UFP Industries’s revenue was down 9.8% compared to the same quarter last year. Research analysts anticipate that UFP Industries, Inc. will post 6.89 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently declared 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. This represents a $1.32 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is currently 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.