Creative Planning Boosts Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Creative Planning grew its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,252 shares of the construction company’s stock after purchasing an additional 668 shares during the period. Creative Planning’s holdings in UFP Industries were worth $3,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. CX Institutional grew its position in shares of UFP Industries by 3.4% in the third quarter. CX Institutional now owns 11,305 shares of the construction company’s stock valued at $1,483,000 after purchasing an additional 377 shares in the last quarter. UMB Bank n.a. grew 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 during the period. GAMMA Investing LLC grew its position in UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock worth $84,000 after acquiring an additional 132 shares during the period. Handelsbanken Fonder AB grew its position in UFP Industries by 10.4% in the third quarter. Handelsbanken Fonder AB now owns 12,695 shares of the construction company’s stock worth $1,666,000 after acquiring an additional 1,200 shares during the period. Finally, SG Americas Securities LLC grew its position in UFP Industries by 18.3% in the third quarter. SG Americas Securities LLC now owns 3,466 shares of the construction company’s stock worth $455,000 after acquiring an additional 537 shares during the period. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $130.17 on Friday. The firm has a market capitalization of $8.04 billion, a PE ratio of 16.19 and a beta of 1.39. The business’s fifty day moving average price is $126.49 and its 200 day moving average price is $120.33. 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 12 month low of $90.62 and a 12 month high of $139.54.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Tuesday, July 30th. The construction company reported $2.05 EPS 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company posted $2.36 earnings per share. UFP Industries’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that UFP Industries, Inc. will post 7.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

UFPI has been the subject of several analyst reports. Benchmark increased their price objective on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their price target on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wedbush upgraded UFP Industries from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $120.00 to $155.00 in a research note on Tuesday, October 8th. StockNews.com cut UFP Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 5th. Finally, BMO Capital Markets increased their price objective on UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.60.

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.