Deprince Race & Zollo Inc. Makes New Investment in UFP Industries, Inc. $UFPI

Deprince Race & Zollo Inc. bought a new position in UFP Industries, Inc. (NASDAQ:UFPI) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 448,838 shares of the construction company’s stock, valued at approximately $41,962,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in UFP Industries by 54.8% in the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after buying an additional 114 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of UFP Industries by 24.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the construction company’s stock worth $52,000 after acquiring an additional 102 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of UFP Industries by 90.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock worth $54,000 after acquiring an additional 259 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of UFP Industries in the 2nd quarter valued at approximately $59,000. Finally, AlphaQuest LLC purchased a new position in shares of UFP Industries in the 2nd quarter valued at approximately $91,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Insider Buying and Selling

In other UFP Industries news, Director Michael G. Wooldridge sold 1,192 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $93.43, for a total transaction of $111,368.56. Following the sale, the director directly owned 14,697 shares in the company, valued at approximately $1,373,140.71. This trade represents a 7.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Matthew J. Missad sold 11,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $92.26, for a total value of $1,014,860.00. Following the completion of the transaction, the chairman owned 310,533 shares of the company’s stock, valued at $28,649,774.58. This represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. 2.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UFPI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research note on Thursday, October 30th. Stifel Nicolaus set a $98.00 target price on shares of UFP Industries in a research report on Tuesday, December 2nd. Zacks Research cut shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Finally, DA Davidson raised shares of UFP Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $112.00 in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $114.25.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $92.83 on Friday. The business has a fifty day moving average price of $91.67 and a 200-day moving average price of $96.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 3.23. The company has a market capitalization of $5.41 billion, a PE ratio of 17.16 and a beta of 1.49. UFP Industries, Inc. has a 1-year low of $87.11 and a 1-year high of $120.00.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.08). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a net margin of 5.00% and a return on equity of 10.18%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. As a group, equities analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.35 per share. The ex-dividend date was Monday, December 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. UFP Industries’s dividend payout ratio is presently 25.88%.

UFP Industries Profile

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.