Aptus Capital Advisors LLC Purchases 13,471 Shares of UFP Industries, Inc. $UFPI

Aptus Capital Advisors LLC grew its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,087 shares of the construction company’s stock after purchasing an additional 13,471 shares during the period. Aptus Capital Advisors LLC’s holdings in UFP Industries were worth $9,638,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of UFPI. Barclays PLC raised its holdings in shares of UFP Industries by 6.5% in the third quarter. Barclays PLC now owns 357,245 shares of the construction company’s stock worth $33,399,000 after buying an additional 21,682 shares during the period. IFG Advisory LLC increased its position in shares of UFP Industries by 10.7% during the third quarter. IFG Advisory LLC now owns 2,913 shares of the construction company’s stock worth $272,000 after acquiring an additional 282 shares during the period. Segall Bryant & Hamill LLC increased its position in shares of UFP Industries by 1.3% during the third quarter. Segall Bryant & Hamill LLC now owns 51,141 shares of the construction company’s stock worth $4,781,000 after acquiring an additional 666 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of UFP Industries by 112.1% in the third quarter. Rafferty Asset Management LLC now owns 47,356 shares of the construction company’s stock valued at $4,427,000 after purchasing an additional 25,027 shares during the period. Finally, Quantbot Technologies LP grew its stake in UFP Industries by 54.0% in the third quarter. Quantbot Technologies LP now owns 56,374 shares of the construction company’s stock worth $5,270,000 after purchasing an additional 19,768 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Down 2.8%

Shares of UFPI stock opened at $93.94 on Friday. UFP Industries, Inc. has a twelve month low of $87.11 and a twelve month high of $118.00. The stock has a market cap of $5.32 billion, a P/E ratio of 18.83 and a beta of 1.48. The stock has a 50 day moving average of $104.39 and a 200 day moving average of $97.68. The company has a current ratio of 4.59, a quick ratio of 3.13 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.33). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.UFP Industries’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 EPS. As a group, sell-side analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from UFP Industries’s previous quarterly dividend of $0.35. UFP Industries’s dividend payout ratio is currently 28.86%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Stifel Nicolaus set a $98.00 target price on shares of UFP Industries in a report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of UFP Industries in a report on Tuesday, January 27th. Finally, DA Davidson reiterated a “buy” rating and set a $112.00 price objective on shares of UFP Industries in a research note on Tuesday, February 24th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $107.33.

Insider Activity at UFP Industries

In related news, Chairman Matthew J. Missad sold 11,000 shares of UFP Industries stock in a transaction dated 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 in the company, valued at $28,649,774.58. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.56% of the stock is owned by company insiders.

UFP Industries Company 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.