Magnetar Financial LLC Buys New Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Magnetar Financial LLC purchased a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,494 shares of the construction company's stock, valued at approximately $619,000.

Several other large investors have also recently modified their holdings of UFPI. Jones Financial Companies Lllp boosted its stake in UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after purchasing an additional 415 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after buying an additional 505 shares in the last quarter. Principal Securities Inc. lifted its stake in UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after acquiring an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of UFP Industries in the fourth quarter worth approximately $106,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of UFP Industries during the third quarter valued at approximately $140,000. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

UFPI stock traded up $0.26 during midday trading on Wednesday, reaching $110.25. 340,241 shares of the company's stock traded hands, compared to its average volume of 289,933. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 52-week low of $102.35 and a 52-week high of $141.33. The stock has a market cap of $6.71 billion, a P/E ratio of 16.29 and a beta of 1.52. The stock's 50-day moving average is $112.07 and its 200 day moving average is $121.27.

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UFP Industries (NASDAQ:UFPI - Get Free Report) last released its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.43 billion. As a group, analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current 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 given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.27%. This is an increase from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. UFP Industries's dividend payout ratio (DPR) is presently 20.68%.

Wall Street Analyst Weigh In

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

UFP Industries Company 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.