Bahl & Gaynor Inc. lessened its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,291 shares of the construction company's stock after selling 9,168 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.05% of UFP Industries worth $3,638,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of UFPI. Smartleaf Asset Management LLC raised its stake in shares of UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock valued at $60,000 after purchasing an additional 505 shares in the last quarter. Jones Financial Companies Lllp raised 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 purchasing an additional 415 shares in the last quarter. Principal Securities Inc. raised 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 purchasing an additional 175 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of UFP Industries in the 3rd quarter valued at about $94,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of UFP Industries in the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 81.81% of the company's stock.
Insiders Place Their Bets
In other UFP Industries news, Director William G. Currie sold 5,700 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the transaction, the director now owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.58% of the stock is owned by insiders.
UFP Industries Stock Performance
UFPI traded up $1.84 on Friday, hitting $109.13. 391,952 shares of the company's stock were exchanged, compared to its average volume of 280,644. The firm has a market cap of $6.62 billion, a PE ratio of 16.12 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $102.35 and a twelve month high of $141.33. The stock has a fifty day moving average of $113.08 and a two-hundred day moving average of $122.31. 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 (NASDAQ:UFPI - Get Free Report) last released 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 business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. On average, research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.
UFP Industries Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.35 dividend. This is a boost from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date is Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.28%. UFP Industries's dividend payout ratio is 20.68%.
Wall Street Analyst Weigh In
UFPI has been the topic of a number of recent analyst reports. StockNews.com lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark reiterated a "buy" rating and set a $135.00 price objective on shares of UFP Industries in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $143.00.
View Our Latest Report on UFP Industries
UFP Industries Profile
(
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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