State of Wyoming Acquires Shares of 6,260 UFP Industries, Inc. $UFPI

State of Wyoming bought a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,260 shares of the construction company’s stock, valued at approximately $568,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in UFP Industries during the 4th quarter valued at approximately $75,183,000. Wasatch Advisors LP raised its position in shares of UFP Industries by 32.9% in the 1st quarter. Wasatch Advisors LP now owns 2,037,908 shares of the construction company’s stock valued at $187,732,000 after purchasing an additional 504,609 shares in the last quarter. River Road Asset Management LLC raised its position in shares of UFP Industries by 64.1% in the 4th quarter. River Road Asset Management LLC now owns 879,935 shares of the construction company’s stock valued at $80,118,000 after purchasing an additional 343,830 shares in the last quarter. Millennium Management LLC boosted its stake in shares of UFP Industries by 209.9% during the 3rd quarter. Millennium Management LLC now owns 425,336 shares of the construction company’s stock valued at $39,765,000 after buying an additional 288,093 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of UFP Industries by 2,178.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 213,320 shares of the construction company’s stock valued at $19,423,000 after buying an additional 203,957 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $89.87 on Monday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 20.61 and a beta of 1.23. UFP Industries, Inc. has a twelve month low of $77.89 and a twelve month high of $118.00. The company has a current ratio of 3.98, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $87.58 and its 200-day simple moving average is $91.92.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.79 billion. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%. Equities research analysts forecast that UFP Industries, Inc. will post 4.56 earnings per share for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 1st. UFP Industries’s dividend payout ratio (DPR) is presently 33.03%.

Analyst Upgrades and Downgrades

UFPI has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on shares of UFP Industries from $100.00 to $87.00 and set a “hold” rating for the company in a research report on Monday, May 11th. BMO Capital Markets raised shares of UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Benchmark decreased their price objective on shares of UFP Industries from $125.00 to $115.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Zacks Research raised shares of UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.75.

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.