UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lowered its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,610 shares of the construction company's stock after selling 7,559 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.05% of UFP Industries worth $3,674,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UFPI shares. StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and set a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. Two equities 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 company has an average rating of "Moderate Buy" and a consensus price target of $143.00.

UFP Industries Stock Down 3.4 %

UFPI traded down $3.78 on Friday, reaching $106.31. The company's stock had a trading volume of 299,449 shares, compared to its average volume of 307,528. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.70 and a beta of 1.52. UFP Industries, Inc. has a fifty-two week low of $102.35 and a fifty-two week high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $111.57 and a two-hundred day moving average of $121.07.

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 for the quarter, missing the consensus estimate of $1.24 by ($0.04). The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. As a group, analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.32%. UFP Industries's payout ratio is 20.68%.

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.