UFP Industries, Inc. $UFPI Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lessened its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 32.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 211,324 shares of the construction company’s stock after selling 103,689 shares during the period. GW&K Investment Management LLC owned 0.36% of UFP Industries worth $19,242,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after acquiring an additional 114 shares during the period. Signaturefd LLC increased its position in UFP Industries by 66.1% in the 4th quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock valued at $35,000 after acquiring an additional 154 shares during the period. Danske Bank A S increased its position in UFP Industries by 300.0% in the 4th quarter. Danske Bank A S now owns 400 shares of the construction company’s stock valued at $36,000 after acquiring an additional 300 shares during the period. IFP Advisors Inc increased its position in UFP Industries by 84.8% in the 4th quarter. IFP Advisors Inc now owns 414 shares of the construction company’s stock valued at $38,000 after acquiring an additional 190 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in UFP Industries by 648.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company’s stock valued at $41,000 after acquiring an additional 376 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analysts Set New Price Targets

UFPI has been the topic of several recent research reports. Benchmark dropped 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 cut UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus dropped their target price on UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. BMO Capital Markets upgraded UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research report on Tuesday, May 5th. Finally, Zacks Research cut UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, UFP Industries presently has a consensus rating of “Hold” and a consensus price target of $105.40.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $82.08 on Thursday. The business’s 50 day simple moving average is $87.23 and its 200-day simple moving average is $94.50. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 17.92 and a beta of 1.24. 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, Inc. has a 12 month low of $77.89 and a 12 month high of $118.00.

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

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. UFP Industries’s payout ratio is 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.