Capital Fund Management S.A. Purchases New Holdings in UFP Industries, Inc. $UFPI

Capital Fund Management S.A. purchased a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,605 shares of the construction company’s stock, valued at approximately $1,054,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of UFP Industries by 39.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock valued at $45,000 after buying an additional 119 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in UFP Industries during the second quarter worth $59,000. AlphaQuest LLC acquired a new stake in UFP Industries in the second quarter valued at $91,000. Covestor Ltd grew its position in shares of UFP Industries by 20.4% in the 1st quarter. Covestor Ltd now owns 886 shares of the construction company’s stock valued at $94,000 after acquiring an additional 150 shares during the period. Finally, State of Wyoming increased its stake in shares of UFP Industries by 8.4% during the 1st quarter. State of Wyoming now owns 1,294 shares of the construction company’s stock worth $139,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

UFPI has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of UFP Industries in a report on Thursday, October 30th. Stifel Nicolaus set a $98.00 target price on UFP Industries in a research note on Tuesday. DA Davidson upgraded UFP Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $112.00 in a research note on Friday, October 31st. Finally, Zacks Research cut shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, UFP Industries has an average rating of “Hold” and an average target price of $114.25.

Insider Transactions at UFP Industries

In other UFP Industries news, Director Michael G. Wooldridge sold 1,192 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $93.43, for a total transaction of $111,368.56. Following the transaction, the director owned 14,697 shares in the company, valued at $1,373,140.71. This represents a 7.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.56% of the stock is owned by corporate insiders.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $90.70 on Friday. The firm has a market cap of $5.28 billion, a P/E ratio of 16.77 and a beta of 1.49. The business’s 50 day moving average is $91.47 and its 200-day moving average is $97.15. The company has a current ratio of 4.49, a quick ratio of 3.23 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1-year low of $87.11 and a 1-year high of $135.00.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). UFP Industries had a net margin of 5.00% and a return on equity of 10.18%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.35 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.40 annualized dividend and a yield of 1.5%. UFP Industries’s payout ratio is 25.88%.

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.