2,400 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,400 shares of the construction company's stock, valued at approximately $270,000.

A number of other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in UFP Industries by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock valued at $82,847,000 after purchasing an additional 60,859 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of UFP Industries by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after purchasing an additional 31,381 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of UFP Industries by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock valued at $213,000 after purchasing an additional 97 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of UFP Industries by 21.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 26,657 shares of the construction company's stock valued at $3,498,000 after purchasing an additional 4,730 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of UFP Industries by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock valued at $169,675,000 after purchasing an additional 188,969 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

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UFP Industries Stock Up 2.3 %

UFPI traded up $2.49 during trading hours on Wednesday, hitting $109.10. 339,893 shares of the company's stock were exchanged, compared to its average volume of 308,520. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33. The stock's 50-day moving average is $110.97 and its two-hundred day moving average is $120.91. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 16.12 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. Sell-side analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.28%. UFP Industries's dividend payout ratio (DPR) is currently 20.68%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UFPI. StockNews.com lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark restated a "buy" rating and issued a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

UFP Industries 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.