Aster Capital Management DIFC Ltd acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,848 shares of the construction company's stock, valued at approximately $433,000.
Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its stake in UFP Industries by 11.6% during the fourth quarter. Russell Investments Group Ltd. now owns 68,980 shares of the construction company's stock worth $7,771,000 after buying an additional 7,196 shares during the last quarter. Envestnet Asset Management Inc. grew its position in UFP Industries by 13.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 130,177 shares of the construction company's stock worth $14,664,000 after acquiring an additional 15,340 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in UFP Industries during the 4th quarter valued at $563,000. Integrated Quantitative Investments LLC bought a new position in UFP Industries in the 4th quarter valued at $321,000. Finally, Huntington National Bank raised its position in UFP Industries by 19.3% in the 4th quarter. Huntington National Bank now owns 1,882 shares of the construction company's stock valued at $212,000 after purchasing an additional 304 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on UFPI shares. Benchmark restated a "buy" rating and issued a $135.00 target price on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, UFP Industries presently has a consensus rating of "Moderate Buy" and an average price target of $143.00.
Check Out Our Latest Research Report on UFP Industries
UFP Industries Trading Up 0.6 %
UFPI stock traded up $0.63 during midday trading on Friday, reaching $106.42. The company's stock had a trading volume of 398,487 shares, compared to its average volume of 321,293. The business's 50-day simple moving average is $108.87 and its 200-day simple moving average is $119.46. 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 52 week low of $99.42 and a 52 week high of $141.33. The stock has a market cap of $6.47 billion, a PE ratio of 15.72 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 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. As a group, sell-side analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.
UFP Industries Increases Dividend
The company 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.32%. 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 currently 20.68%.
About UFP Industries
(
Free Report)
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.
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