California Public Employees Retirement System Sells 10,565 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

California Public Employees Retirement System reduced its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,731 shares of the construction company's stock after selling 10,565 shares during the period. California Public Employees Retirement System owned about 0.19% of UFP Industries worth $12,812,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of UFP Industries by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company's stock worth $200,553,000 after acquiring an additional 14,857 shares during the last quarter. Franklin Resources Inc. grew its holdings in UFP Industries by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock valued at $169,675,000 after buying an additional 188,969 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of UFP Industries by 3.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after purchasing an additional 31,381 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in UFP Industries by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company's stock worth $86,966,000 after acquiring an additional 2,160 shares during the period. Finally, Norges Bank acquired a new position in shares of UFP Industries in the 4th quarter valued at approximately $83,149,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

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UFP Industries Price Performance

Shares of NASDAQ UFPI traded down $2.62 during mid-day trading on Thursday, hitting $105.71. 91,427 shares of the stock traded hands, compared to its average volume of 319,268. The company has a market cap of $6.43 billion, a PE ratio of 15.75 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $99.42 and a twelve month high of $141.33. The firm has a 50 day simple moving average of $109.25 and a two-hundred day simple moving average of $119.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued 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 the consensus estimate of $1.43 billion. As a group, equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Monday, March 3rd. This is a boost from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's dividend payout ratio is currently 20.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and issued a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, UFP Industries has a consensus rating of "Moderate Buy" and a consensus price target 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.