UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by F M Investments LLC

F M Investments LLC decreased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 67.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 22,257 shares of the construction company's stock after selling 46,706 shares during the quarter. F M Investments LLC's holdings in UFP Industries were worth $2,507,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in UFPI. JPMorgan Chase & Co. grew its holdings in shares of UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock valued at $82,847,000 after buying an additional 60,859 shares during the period. Allspring Global Investments Holdings LLC lifted its position 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 valued at $102,158,000 after acquiring an additional 31,381 shares during the period. CIBC Asset Management Inc increased its stake in UFP Industries by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock valued at $213,000 after acquiring an additional 97 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of UFP Industries by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock valued at $169,675,000 after purchasing an additional 188,969 shares during the last quarter. Finally, Argent Capital Management LLC boosted its stake in shares of UFP Industries by 35.8% during the fourth quarter. Argent Capital Management LLC now owns 12,306 shares of the construction company's stock valued at $1,386,000 after purchasing an additional 3,241 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

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UFP Industries Price Performance

UFPI traded down $1.61 during trading on Wednesday, reaching $103.93. 200,358 shares of the company traded hands, compared to its average volume of 321,797. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The company has a market cap of $6.32 billion, a P/E ratio of 15.35 and a beta of 1.45. UFP Industries, Inc. has a 12-month low of $99.42 and a 12-month high of $141.33. The firm has a fifty day simple moving average of $108.44 and a 200 day simple moving average of $119.12.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its 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 business 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%. On average, equities analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current 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 issued a dividend of $0.35 per share. This is an increase from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.35%. UFP Industries's payout ratio is 20.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating and set a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com downgraded 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

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.