iSAM Funds UK Ltd Takes Position in UFP Industries, Inc. $UFPI

iSAM Funds UK Ltd acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,655 shares of the construction company’s stock, valued at approximately $860,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UFPI. Caitong International Asset Management Co. Ltd boosted its position in shares of UFP Industries by 39.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock worth $45,000 after purchasing an additional 119 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in UFP Industries by 90.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock worth $54,000 after buying an additional 259 shares during the period. Ameritas Advisory Services LLC purchased a new stake in UFP Industries in the 2nd quarter worth $59,000. Covestor Ltd lifted its position in shares of UFP Industries by 20.4% in the first quarter. Covestor Ltd now owns 886 shares of the construction company’s stock valued at $94,000 after acquiring an additional 150 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of UFP Industries in the second quarter valued at about $91,000. Institutional investors own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stifel Nicolaus set a $98.00 target price on UFP Industries in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a report on Thursday, October 30th. DA Davidson raised shares of UFP Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $112.00 in a report on Friday, October 31st. Finally, Zacks Research cut shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $114.25.

UFP Industries Trading Down 2.5%

Shares of UFPI opened at $87.77 on Wednesday. The stock has a market capitalization of $5.11 billion, a PE ratio of 16.22 and a beta of 1.49. The company’s fifty day moving average is $91.31 and its 200 day moving average is $97.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.23 and a current ratio of 4.49. UFP Industries, Inc. has a fifty-two week low of $87.11 and a fifty-two week high of $132.78.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a return on equity of 10.18% and a net margin of 5.00%.The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. Sell-side analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. UFP Industries’s payout ratio is presently 25.88%.

Insider Transactions at UFP Industries

In other news, Director Michael G. Wooldridge sold 1,192 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $93.43, for a total value of $111,368.56. Following the completion of the sale, the director directly owned 14,697 shares of the company’s stock, valued at $1,373,140.71. This trade represents a 7.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.56% of the stock is currently owned by company insiders.

UFP Industries Company 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.