Cambient Family Office LLC Buys New Holdings in UFP Industries, Inc. $UFPI

Cambient Family Office LLC purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,273 shares of the construction company’s stock, valued at approximately $844,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its position in shares of UFP Industries by 54.8% during the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after buying an additional 114 shares during the last quarter. Signaturefd LLC boosted its position in shares of UFP Industries by 66.1% during the fourth quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock worth $35,000 after acquiring an additional 154 shares during the last quarter. Danske Bank A S boosted its position in shares of UFP Industries by 300.0% during the fourth quarter. Danske Bank A S now owns 400 shares of the construction company’s stock worth $36,000 after acquiring an additional 300 shares during the last quarter. IFP Advisors Inc grew its stake in UFP Industries by 84.8% during the fourth quarter. IFP Advisors Inc now owns 414 shares of the construction company’s stock valued at $38,000 after acquiring an additional 190 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in UFP Industries by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 413 shares of the construction company’s stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Price Performance

UFP Industries stock opened at $86.58 on Friday. UFP Industries, Inc. has a 52-week low of $77.89 and a 52-week high of $118.00. The company has a quick ratio of 3.07, a current ratio of 4.64 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average is $86.52 and its 200 day moving average is $94.19. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 18.90 and a beta of 1.24.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.26). UFP Industries had a return on equity of 8.50% and a net margin of 4.31%.The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. Sell-side analysts forecast that UFP Industries, Inc. will post 4.6 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. UFP Industries’s dividend payout ratio (DPR) is presently 31.44%.

Wall Street Analyst Weigh In

UFPI has been the topic of several research analyst reports. Weiss Ratings cut shares of UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. DA Davidson cut their price objective on UFP Industries from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Stifel Nicolaus reduced their target price on UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a 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, Benchmark dropped their price target on UFP Industries from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $105.40.

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.