3,817 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Acquired by DRW Securities LLC

DRW Securities LLC acquired a new position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,817 shares of the construction company's stock, valued at approximately $430,000.

A number of other hedge funds have also bought and sold shares of UFPI. Raymond James Financial Inc. purchased a new position in UFP Industries during the fourth quarter worth about $30,457,000. Bank of Montreal Can increased its stake in UFP Industries by 12.8% in the 4th quarter. Bank of Montreal Can now owns 6,375 shares of the construction company's stock valued at $718,000 after buying an additional 722 shares during the period. FMR LLC lifted its stake in shares of UFP Industries by 7.1% in the fourth quarter. FMR LLC now owns 1,751,264 shares of the construction company's stock valued at $197,280,000 after purchasing an additional 115,687 shares during the period. Aristides Capital LLC lifted its holdings in shares of UFP Industries by 35.5% in the fourth quarter. Aristides Capital LLC now owns 2,451 shares of the construction company's stock valued at $276,000 after purchasing an additional 642 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in UFP Industries in the 4th quarter valued at about $433,000. Institutional investors and hedge funds own 81.81% of the company's stock.

Wall Street Analyst Weigh In

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

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UFP Industries Trading Down 1.8 %

NASDAQ:UFPI traded down $1.94 during trading hours on Wednesday, hitting $103.60. The stock had a trading volume of 195,407 shares, compared to its average volume of 415,929. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 15.30 and a beta of 1.45. UFP Industries, Inc. has a one year low of $99.42 and a one year high of $141.33. The business's 50 day moving average is $108.44 and its 200-day moving average is $119.12.

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

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.35 per share. This is an increase from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.35%. UFP Industries's payout ratio is currently 20.68%.

About UFP Industries

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.