American Century Companies Inc. Boosts Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

American Century Companies Inc. lifted its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 222,318 shares of the construction company's stock after purchasing an additional 6,947 shares during the quarter. American Century Companies Inc. owned about 0.37% of UFP Industries worth $25,044,000 as of its most recent SEC filing.

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

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UFP Industries Stock Performance

UFP Industries stock traded down $4.76 during midday trading on Thursday, hitting $104.34. 753,406 shares of the company were exchanged, compared to its average volume of 310,116. UFP Industries, Inc. has a fifty-two week low of $102.35 and a fifty-two week high of $141.33. The firm has a market capitalization of $6.35 billion, a PE ratio of 15.41 and a beta of 1.45. The business has a fifty day simple moving average of $110.71 and a two-hundred day simple moving average of $120.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its earnings results 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 firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.43 billion. On average, sell-side analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's dividend payout ratio is 20.68%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UFPI. Benchmark restated a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com cut shares of UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, UFP Industries presently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

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.