Boston Partners Acquires 337,463 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Boston Partners lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 100.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 672,231 shares of the construction company's stock after acquiring an additional 337,463 shares during the quarter. Boston Partners owned approximately 1.11% of UFP Industries worth $75,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UFPI. JPMorgan Chase & Co. raised its holdings in UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock worth $82,847,000 after purchasing an additional 60,859 shares in the last quarter. Citigroup Inc. raised its stake in UFP Industries by 50.7% in the third quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock worth $15,670,000 after buying an additional 40,162 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in UFP Industries by 3.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after buying an additional 31,381 shares during the period. Charles Schwab Investment Management Inc. boosted its position in UFP Industries by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company's stock valued at $101,011,000 after acquiring an additional 4,006 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of UFP Industries by 5.4% during 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 period. Institutional investors own 81.81% of the company's stock.

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UFP Industries Stock Up 4.0 %

UFP Industries stock traded up $4.25 during mid-day trading on Monday, hitting $111.75. The company had a trading volume of 524,285 shares, compared to its average volume of 288,249. UFP Industries, Inc. has a 12 month low of $102.35 and a 12 month high of $141.33. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The stock's 50 day moving average price is $112.19 and its two-hundred day moving average price is $121.30. The company has a market capitalization of $6.80 billion, a PE ratio of 16.51 and a beta of 1.52.

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 the consensus estimate of $1.24 by ($0.04). The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.35 dividend. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Monday, March 3rd. UFP Industries's payout ratio is presently 20.68%.

Analysts Set New Price Targets

A number of research analysts have recently commented 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 cut shares of UFP Industries from a "buy" rating to a "hold" rating in a report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

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.