UFP Industries, Inc. $UFPI Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 34.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,091 shares of the construction company’s stock after acquiring an additional 20,731 shares during the period. BNP Paribas Financial Markets owned about 0.14% of UFP Industries worth $7,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in UFP Industries during the fourth quarter worth about $75,183,000. Eurizon Capital SGR S.p.A. purchased a new position in UFP Industries during the fourth quarter worth approximately $82,000. IFG Advisory LLC boosted its position in UFP Industries by 24.3% during the fourth quarter. IFG Advisory LLC now owns 3,621 shares of the construction company’s stock worth $330,000 after purchasing an additional 708 shares in the last quarter. AlphaQuest LLC boosted its position in UFP Industries by 78.9% during the fourth quarter. AlphaQuest LLC now owns 15,170 shares of the construction company’s stock worth $1,381,000 after purchasing an additional 6,690 shares in the last quarter. Finally, Royce & Associates LP boosted its position in UFP Industries by 4.9% during the fourth quarter. Royce & Associates LP now owns 806,395 shares of the construction company’s stock worth $73,422,000 after purchasing an additional 38,021 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets upgraded UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a research report on Tuesday, May 5th. Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Benchmark lowered their price target on UFP Industries from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Weiss Ratings downgraded UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Finally, DA Davidson lowered their price target on UFP Industries from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, UFP Industries presently has a consensus rating of “Hold” and a consensus target price of $105.40.

UFP Industries Stock Performance

NASDAQ UFPI opened at $83.45 on Wednesday. The company has a market cap of $4.71 billion, a PE ratio of 18.22 and a beta of 1.24. The stock’s 50 day simple moving average is $87.39 and its 200-day simple moving average is $94.56. UFP Industries, Inc. has a 1-year low of $77.89 and a 1-year high of $118.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.64 and a quick ratio of 3.07.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Wednesday, April 29th. The construction company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.26). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.51 billion. UFP Industries had a net margin of 4.31% and a return on equity of 8.50%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 EPS. As a group, equities research analysts anticipate that UFP Industries, Inc. will post 4.6 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.36 per share. The ex-dividend date is Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.7%. UFP Industries’s dividend payout ratio (DPR) is presently 31.44%.

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.