Mercer Global Advisors Inc. ADV Has $3.75 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Mercer Global Advisors Inc. ADV lowered its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 20.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,434 shares of the construction company’s stock after selling 8,469 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.05% of UFP Industries worth $3,745,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of UFP Industries in the 2nd quarter valued at $29,000. Opal Wealth Advisors LLC acquired a new position in UFP Industries in the first quarter valued at about $33,000. Rise Advisors LLC bought a new stake in shares of UFP Industries in the first quarter worth about $33,000. Triad Wealth Partners LLC acquired a new stake in shares of UFP Industries during the second quarter worth about $56,000. Finally, GAMMA Investing LLC lifted its holdings in shares of UFP Industries by 84.2% during the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on UFPI shares. BMO Capital Markets increased their target price on UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Wedbush restated a “neutral” rating and set a $120.00 price objective (up from $102.00) on shares of UFP Industries in a report on Tuesday, July 30th. StockNews.com cut shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 5th. Benchmark increased their target price on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price target on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UFP Industries presently has a consensus rating of “Moderate Buy” and an average price target of $132.60.

UFP Industries Stock Down 1.5 %

UFP Industries stock opened at $130.80 on Friday. The company has a current ratio of 4.34, a quick ratio of 3.18 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1-year low of $90.62 and a 1-year high of $136.93. The company has a fifty day simple moving average of $121.35 and a 200 day simple moving average of $117.78. The company has a market cap of $8.08 billion, a P/E ratio of 16.27 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.02. UFP Industries had a return on equity of 15.86% and a net margin of 7.02%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $2.36 EPS. UFP Industries’s revenue for the quarter was down 6.9% compared to the same quarter last year. Research analysts anticipate that UFP Industries, Inc. will post 7.27 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, August 30th. UFP Industries’s dividend payout ratio is currently 16.42%.

About UFP Industries

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.