UFP Industries, Inc. (NASDAQ:UFPI) Holdings Decreased by Seven Eight Capital LP

Seven Eight Capital LP lessened its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 66.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,273 shares of the construction company’s stock after selling 6,558 shares during the period. Seven Eight Capital LP’s holdings in UFP Industries were worth $367,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UFPI. Headlands Technologies LLC bought a new position in shares of UFP Industries in the second quarter valued at approximately $29,000. Rise Advisors LLC acquired a new stake in UFP Industries in the first quarter worth approximately $33,000. Opal Wealth Advisors LLC bought a new position in UFP Industries during the 1st quarter valued at $33,000. Triad Wealth Partners LLC acquired a new position in shares of UFP Industries during the 2nd quarter valued at $56,000. Finally, GAMMA Investing LLC raised its stake in shares of UFP Industries by 84.2% in the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Down 1.5 %

UFPI stock opened at $130.80 on Monday. The company’s 50 day simple moving average is $121.35 and its 200-day simple moving average is $117.81. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.34 and a quick ratio of 3.18. UFP Industries, Inc. has a 52-week low of $90.62 and a 52-week high of $136.93. The firm has a market capitalization of $8.08 billion, a P/E ratio of 16.27 and a beta of 1.39.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. UFP Industries had a return on equity of 15.86% and a net margin of 7.02%. UFP Industries’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 earnings per share. As a group, equities research analysts anticipate that UFP Industries, Inc. will post 7.27 EPS for the current year.

UFP Industries Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.