UFP Industries, Inc. (NASDAQ:UFPI) Stock Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPIGet Rating) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,034 shares of the construction company’s stock after acquiring an additional 183 shares during the period. Van ECK Associates Corp’s holdings in UFP Industries were worth $147,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. acquired a new position in shares of UFP Industries during the 3rd quarter valued at $20,019,000. Goldman Sachs Group Inc. increased its position in shares of UFP Industries by 87.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 369,322 shares of the construction company’s stock valued at $28,497,000 after purchasing an additional 172,009 shares during the period. Renaissance Technologies LLC increased its position in shares of UFP Industries by 256.1% during the 1st quarter. Renaissance Technologies LLC now owns 177,009 shares of the construction company’s stock valued at $13,658,000 after purchasing an additional 127,300 shares during the period. Franklin Resources Inc. increased its position in shares of UFP Industries by 7.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,643,044 shares of the construction company’s stock valued at $111,958,000 after purchasing an additional 118,083 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of UFP Industries by 27.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 522,328 shares of the construction company’s stock valued at $35,591,000 after purchasing an additional 113,004 shares during the period. Institutional investors own 81.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UFPI. StockNews.com began coverage on UFP Industries in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. DA Davidson lowered their price target on UFP Industries to $96.00 in a research report on Thursday, October 27th.

UFP Industries Stock Performance

Shares of NASDAQ UFPI opened at $84.25 on Friday. The company has a quick ratio of 1.78, a current ratio of 3.03 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 7.59 and a beta of 1.45. The stock’s fifty day simple moving average is $81.11 and its 200 day simple moving average is $78.53. UFP Industries, Inc. has a 52-week low of $64.13 and a 52-week high of $94.78.

UFP Industries (NASDAQ:UFPIGet Rating) last issued its earnings results on Thursday, October 20th. The construction company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.28 billion. UFP Industries had a return on equity of 30.87% and a net margin of 7.17%. As a group, sell-side analysts forecast that UFP Industries, Inc. will post 10.66 earnings per share for the current fiscal year.

UFP Industries Profile

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UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.

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Institutional Ownership by Quarter for UFP Industries (NASDAQ:UFPI)

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