Park Avenue Securities LLC Grows Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Park Avenue Securities LLC grew its holdings in UFP Industries, Inc. (NASDAQ:UFPIGet Rating) by 12.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,552 shares of the construction company’s stock after buying an additional 508 shares during the period. Park Avenue Securities LLC’s holdings in UFP Industries were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC increased its stake in UFP Industries by 0.8% during the third quarter. Jennison Associates LLC now owns 24,285 shares of the construction company’s stock worth $1,752,000 after acquiring an additional 202 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of UFP Industries by 6.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 36,854 shares of the construction company’s stock valued at $2,659,000 after purchasing an additional 2,134 shares during the last quarter. Harfst & Associates Inc. raised its holdings in UFP Industries by 10.1% during the 3rd quarter. Harfst & Associates Inc. now owns 21,402 shares of the construction company’s stock valued at $1,544,000 after buying an additional 1,968 shares during the period. Van ECK Associates Corp lifted its position in UFP Industries by 9.9% in the third quarter. Van ECK Associates Corp now owns 2,034 shares of the construction company’s stock worth $147,000 after buying an additional 183 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its stake in UFP Industries by 6.9% during the third quarter. Money Concepts Capital Corp now owns 3,230 shares of the construction company’s stock worth $233,000 after buying an additional 209 shares during the period. 81.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

UFP Industries Price Performance

Shares of UFPI stock opened at $86.49 on Monday. The company has a market capitalization of $5.33 billion, a P/E ratio of 7.79 and a beta of 1.45. The company’s 50-day simple moving average is $81.24 and its two-hundred day simple moving average is $78.77. UFP Industries, Inc. has a one year low of $64.13 and a one year high of $94.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.03 and a quick ratio of 1.78.

UFP Industries (NASDAQ:UFPIGet Rating) last released its quarterly earnings data on Thursday, October 20th. The construction company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.51 by $0.15. UFP Industries had a return on equity of 30.87% and a net margin of 7.17%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.28 billion. As a group, equities analysts anticipate that UFP Industries, Inc. will post 10.66 EPS for the current year.

UFP Industries Profile

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UFP Industries, Inc manufactures and distributes wood and wood alternative products. It operates through the following segments: Retail, Industrial and Construction. The Retail segment comprises national home center retailers, retail-oriented regional lumberyards and contractor-oriented lumberyards. The Industrial segment manufacturers pallets, specialty crates, wooden boxes, and other containers used for packaging, shipping and material handling purposes.

Further Reading

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

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