4,997 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,997 shares of the construction company's stock, valued at approximately $563,000.

A number of other hedge funds have also recently made changes to their positions in UFPI. Geode Capital Management LLC raised its position in UFP Industries by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company's stock worth $200,553,000 after purchasing an additional 14,857 shares during the period. Franklin Resources Inc. lifted its stake in shares of UFP Industries by 5.0% in the 4th quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company's stock valued at $145,074,000 after acquiring an additional 61,861 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in 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 valued at $102,158,000 after acquiring an additional 31,381 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in UFP Industries by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company's stock valued at $86,966,000 after acquiring an additional 2,160 shares during the period. Finally, Norges Bank bought a new position in UFP Industries during the 4th quarter worth approximately $83,149,000. 81.81% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

UFPI has been the subject of a number of analyst reports. Benchmark reissued a "buy" rating and set a $135.00 price objective 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 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $143.00.

UFP Industries Trading Up 0.6 %

Shares of UFPI traded up $0.63 during mid-day trading on Friday, hitting $106.42. 398,487 shares of the company's stock traded hands, compared to its average volume of 321,714. The business's 50-day moving average price is $108.87 and its 200-day moving average price is $119.38. UFP Industries, Inc. has a 1 year low of $99.42 and a 1 year high of $141.33. The firm has a market capitalization of $6.47 billion, a P/E ratio of 15.72 and a beta of 1.45. 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 (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.04). The company 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 forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.35 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.32%. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's dividend payout ratio (DPR) is currently 20.68%.

UFP Industries 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.