Barclays PLC raised its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,757 shares of the construction company's stock after buying an additional 15,761 shares during the period. Barclays PLC owned about 0.25% of UFP Industries worth $17,095,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc boosted its stake in UFP Industries by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock valued at $213,000 after buying an additional 97 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of UFP Industries by 5.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company's stock worth $216,000 after acquiring an additional 104 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of UFP Industries by 2.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company's stock valued at $494,000 after acquiring an additional 104 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of UFP Industries by 6.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company's stock valued at $202,000 after purchasing an additional 105 shares in the last quarter. Finally, Highland Capital Management LLC increased its position in UFP Industries by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company's stock worth $250,000 after purchasing an additional 138 shares during the last quarter. 81.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
UFPI has been the subject of several research reports. Benchmark reissued 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 downgraded shares of 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $143.00.
View Our Latest Research Report on UFPI
UFP Industries Trading Down 1.4 %
Shares of UFPI traded down $1.53 during midday trading on Friday, hitting $106.44. The stock had a trading volume of 36,973 shares, compared to its average volume of 409,543. UFP Industries, Inc. has a 1 year low of $99.42 and a 1 year high of $141.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The stock's 50 day moving average is $107.02 and its 200 day moving average is $117.99. The firm 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 issued its earnings results 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 during the quarter, compared to the consensus estimate of $1.43 billion. As a group, analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.
UFP Industries Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's payout ratio 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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