Great West Life Assurance Co. Can acquired a new position in the stock of UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) in the third quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The Fund acquired 71,291 shares of construction company stock valued at approximately $5,145,000. Great West Life Assurance Co. could own approximately 0.12% of UFP Industries at the end of the most recent reporting period.
→ Free Ebook: The Ultimate Guide to Investing in the Stock Market (From Vector Best)
Several other big investors have also increased or decreased their stakes recently. Ronald Blue Trust Inc. increased his UFP Industries stake by 550.8% in the third quarter. Ronald Blue Trust Inc. now owns 423 shares of construction company stock valued at $29,000 after purchasing an additional 358 shares during the previous quarter. Pinebridge Investments LP increased his UFP Industries stake by 502.0% in the second quarter. Pinebridge Investments LP now owns 602 shares of the construction company worth $41,000 after purchasing an additional 502 shares of him last quarter. CX Institutional purchased new shares in his UFP Industries worth about $48,000 in the second quarter. Point72 Hong Kong Ltd bought a new stake in his UFP Industries worth about $62,000 in the first quarter. Finally, EverSource Wealth Advisors LLC increased his UFP Industries holdings by 338.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,117 shares of construction company stock valued at $76,000 after purchasing an additional 862 shares during this period. 81.69% of the shares are owned by institutional investors.
UFP Industries inventory increased by 2.7%
Shares of UFP Industries opened at $86.49 on Friday. His 50-day moving average for this business is $81.24 and his 200-day moving average is $78.70. 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 company has a market cap of $5.33 billion, a P/E of 7.79 and a beta of 1.45. UFP Industries, Inc. has a 12-month low of $64.13 and a 12-month high of $94.78.
UFP Industries (NASDAQ:UFPI – Get Rating) last reported earnings on Thursday, Oct. 20. The construction company reported earnings of $2.66 a share for him in the quarter, beating analysts’ consensus forecast of $2.51 by $0.15. UFP Industries had a return on equity of 30.87% and a net profit margin of 7.17%. The company’s revenue for the quarter was $2.32 billion, compared with analyst estimates of $2.28 billion. On average, analysts expect UFP Industries, Inc. to post earnings per share of 10.66 for the current financial year.
Analyst sets new price target
A number of brokerage firms have recently published reports on the UFPI. StockNews.com began his coverage of UFP Industries with a report on Wednesday, October 12th. They gave the company a “buy” rating. DA Davidson lowered his price target for UFP Industries to $96.00 in a report on Thursday, Oct. 27.
UFP Industry Profile
(get rating)
UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood substitute products in North America, Europe, Asia, and Australia. It operates through retail, industrial, and construction segments. The Retail segment offers preserved and unpreserved dimensional timber. Outdoor living products including wood and wood composite decks and related accessories, decorative lawn, garden, craft and hobby products.
Related item
Want to know which other hedge funds hold UFPI? Visit HoldingsChannel.com to get the latest UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) 13F filings and insider trading.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
Before you even consider UFP Industries, listen to this.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat identified 5 stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and UFP Industries wasn’t on the list .
UFP Industries currently has a ‘Hold’ rating among analysts, but the top rated analysts believe these five stocks are better buys.
See 5 stocks here
