Deprince Race & Zollo Inc. Buys 123,500 Shares of UFP Industries, Inc. $UFPI

Deprince Race & Zollo Inc. boosted its position in UFP Industries, Inc. (NASDAQ:UFPI) by 27.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,797 shares of the construction company’s stock after buying an additional 123,500 shares during the period. UFP Industries makes up approximately 1.0% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 28th biggest position. Deprince Race & Zollo Inc. owned approximately 1.02% of UFP Industries worth $53,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of UFP Industries by 2.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,247,346 shares of the construction company’s stock worth $114,980,000 after purchasing an additional 23,905 shares during the last quarter. Numerai GP LLC bought a new stake in shares of UFP Industries during the 3rd quarter worth $3,562,000. SG Americas Securities LLC raised its position in UFP Industries by 454.4% in the fourth quarter. SG Americas Securities LLC now owns 21,499 shares of the construction company’s stock worth $1,957,000 after acquiring an additional 17,621 shares during the period. Flagship Capital Management Inc. bought a new stake in shares of UFP Industries in the 4th quarter worth approximately $1,550,000. Finally, Horizon Investments LLC purchased a new stake in UFP Industries in the 4th quarter worth about $1,120,000. Institutional investors own 81.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UFPI. Stifel Nicolaus lowered their price target on shares of UFP Industries from $100.00 to $87.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. DA Davidson dropped their price target 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. Zacks Research lowered shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Weiss Ratings cut shares of UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Finally, Benchmark decreased their price objective on UFP Industries from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, UFP Industries currently has an average rating of “Hold” and an average target price of $105.40.

UFP Industries Stock Down 1.8%

Shares of NASDAQ:UFPI opened at $89.15 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.07 and a current ratio of 4.64. The firm has a market capitalization of $5.04 billion, a P/E ratio of 19.47 and a beta of 1.22. The stock has a 50 day moving average price of $85.43 and a 200-day moving average price of $94.06. UFP Industries, Inc. has a 52-week low of $77.89 and a 52-week high of $118.00.

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 analysts’ consensus estimates of $1.15 by ($0.26). The business had revenue of $1.46 billion during 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%.The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, June 1st. UFP Industries’s dividend payout ratio is 31.44%.

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.