UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC trimmed its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 8.7% in the third quarter, Holdings Channel.com reports. The fund owned 2,610 shares of the construction company’s stock after selling 250 shares during the period. Measured Wealth Private Client Group LLC’s holdings in UFP Industries were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of UFPI. Wealth Enhancement Advisory Services LLC lifted its holdings in UFP Industries by 49.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,999 shares of the construction company’s stock valued at $1,353,000 after acquiring an additional 3,657 shares during the last quarter. State of Michigan Retirement System lifted its holdings in UFP Industries by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 15,200 shares of the construction company’s stock valued at $1,870,000 after acquiring an additional 400 shares during the last quarter. SpiderRock Advisors LLC acquired a new stake in UFP Industries during the 1st quarter worth about $292,000. Van ECK Associates Corp raised its holdings in UFP Industries by 53.7% during the 1st quarter. Van ECK Associates Corp now owns 27,528 shares of the construction company’s stock worth $3,386,000 after buying an additional 9,622 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in UFP Industries by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 77,623 shares of the construction company’s stock worth $9,548,000 after buying an additional 206 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UFPI has been the topic of several recent analyst reports. BMO Capital Markets boosted their price objective on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com downgraded UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 5th. Wedbush upgraded UFP Industries from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $120.00 to $155.00 in a report on Tuesday, October 8th. Finally, Benchmark boosted their price objective on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus target price of $139.60.

UFP Industries Price Performance

Shares of UFPI opened at $122.39 on Thursday. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 15.22 and a beta of 1.39. UFP Industries, Inc. has a fifty-two week low of $90.62 and a fifty-two week high of $139.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.34 and a quick ratio of 3.18. The business’s 50-day moving average is $126.83 and its 200-day moving average is $120.53.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 7.02% and a return on equity of 15.86%. UFP Industries’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. Equities research analysts expect that UFP Industries, Inc. will post 7.27 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.08%. UFP Industries’s dividend payout ratio is currently 16.42%.

UFP Industries Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.