F M Investments LLC Increases Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

F M Investments LLC grew its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 28.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,963 shares of the construction company’s stock after buying an additional 15,137 shares during the period. F M Investments LLC owned 0.11% of UFP Industries worth $9,048,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UFPI. Foundry Partners LLC increased its position in UFP Industries by 13.1% during the first quarter. Foundry Partners LLC now owns 39,107 shares of the construction company’s stock worth $4,811,000 after buying an additional 4,526 shares during the period. Nordea Investment Management AB increased its holdings in shares of UFP Industries by 28.6% in the 1st quarter. Nordea Investment Management AB now owns 114,762 shares of the construction company’s stock valued at $14,150,000 after acquiring an additional 25,508 shares during the period. Harbor Capital Advisors Inc. boosted its stake in UFP Industries by 299.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,132 shares of the construction company’s stock worth $687,000 after purchasing an additional 4,597 shares during the period. Acadian Asset Management LLC acquired a new position in UFP Industries in the first quarter valued at $1,214,000. Finally, Empowered Funds LLC boosted its stake in shares of UFP Industries by 14.9% during the first quarter. Empowered Funds LLC now owns 56,562 shares of the construction company’s stock worth $6,958,000 after buying an additional 7,320 shares during the period. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Price Performance

Shares of UFPI traded up $0.74 on Friday, reaching $123.08. The stock had a trading volume of 234,602 shares, compared to its average volume of 255,096. UFP Industries, Inc. has a twelve month low of $96.72 and a twelve month high of $139.54. The firm has a market capitalization of $7.50 billion, a PE ratio of 16.93 and a beta of 1.39. The firm has a 50-day moving average of $126.92 and a 200 day moving average of $120.55. The company has a quick ratio of 3.18, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.25). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the company posted $2.10 EPS. Sell-side analysts expect that UFP Industries, Inc. will post 7.18 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 1.07%. UFP Industries’s dividend payout ratio is presently 18.16%.

Analyst Upgrades and Downgrades

UFPI has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Benchmark increased their price target on shares of UFP Industries from $133.00 to $155.00 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 research note on Friday, July 5th. Wedbush upgraded UFP Industries from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $120.00 to $155.00 in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus increased their price objective on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.