Jupiter Topco LLC Takes $2.39 Million Position in UFP Industries, Inc. $UFPI

Jupiter Topco LLC purchased a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the second quarter, HoldingsChannel reports. The firm purchased 26,270 shares of the construction company’s stock, valued at approximately $2,386,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC acquired a new stake in UFP Industries in the 1st quarter valued at about $28,000. Root Financial Partners LLC lifted its holdings in shares of UFP Industries by 86.0% in the first quarter. Root Financial Partners LLC now owns 320 shares of the construction company’s stock valued at $29,000 after purchasing an additional 148 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of UFP Industries by 54.8% in the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after purchasing an additional 114 shares in the last quarter. Danske Bank A S grew its position in shares of UFP Industries by 300.0% in the fourth quarter. Danske Bank A S now owns 400 shares of the construction company’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of UFP Industries by 84.8% in the fourth quarter. IFP Advisors Inc now owns 414 shares of the construction company’s stock valued at $38,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Up 0.5%

Shares of NASDAQ UFPI opened at $82.91 on Thursday. The firm has a market cap of $4.57 billion, a P/E ratio of 19.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.98. UFP Industries, Inc. has a 1 year low of $77.89 and a 1 year high of $118.00. The firm’s 50 day moving average price is $88.09 and its 200 day moving average price is $89.83.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%.The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.79 billion. As a group, sell-side analysts anticipate that UFP Industries, Inc. will post 4.51 earnings per share for the current year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. UFP Industries’s dividend payout ratio is presently 33.03%.

Analyst Upgrades and Downgrades

UFPI has been the subject of several research reports. Weiss Ratings upgraded UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Finally, Stifel Nicolaus set a $90.00 price target on UFP Industries and gave the stock a “hold” rating in a research report on Monday, August 24th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus price target of $104.50.

About UFP Industries

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.