Mutual of America Capital Management LLC Cuts Position in UFP Industries, Inc. (NASDAQ:UFPI)

Mutual of America Capital Management LLC decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,443 shares of the construction company’s stock after selling 4,922 shares during the quarter. Mutual of America Capital Management LLC owned about 0.26% of UFP Industries worth $20,921,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its position in UFP Industries by 300.0% in the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after acquiring an additional 144 shares in the last quarter. Headlands Technologies LLC purchased a new position in UFP Industries in the second quarter worth $29,000. Signaturefd LLC raised its position in UFP Industries by 31.8% in the third quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in UFP Industries in the second quarter worth $56,000. Finally, GAMMA Investing LLC raised its position in UFP Industries by 84.2% in the second quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock worth $57,000 after acquiring an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on UFPI shares. Stifel Nicolaus raised their price target on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Benchmark raised their price target on UFP Industries from $133.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. Finally, BMO Capital Markets raised their price target on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” 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 stock. According to MarketBeat.com, UFP Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Stock Performance

NASDAQ UFPI opened at $129.21 on Friday. The firm has a market capitalization of $7.85 billion, a P/E ratio of 17.77 and a beta of 1.39. UFP Industries, Inc. has a 1-year low of $107.49 and a 1-year high of $139.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The business’s 50-day simple moving average is $129.45 and its 200-day simple moving average is $121.98.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data 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 business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 earnings per share. Equities analysts predict that UFP Industries, Inc. will post 7.01 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. UFP Industries’s payout ratio is currently 18.16%.

UFP Industries Company 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.