Fisher Asset Management LLC Purchases 61,962 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Fisher Asset Management LLC grew its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 345,768 shares of the construction company's stock after buying an additional 61,962 shares during the quarter. Fisher Asset Management LLC owned 0.57% of UFP Industries worth $38,951,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in UFP Industries during the third quarter worth about $94,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of UFP Industries by 1.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,337 shares of the construction company's stock valued at $2,537,000 after buying an additional 340 shares in the last quarter. State of Alaska Department of Revenue lifted its position in UFP Industries by 5.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,080 shares of the construction company's stock worth $928,000 after buying an additional 375 shares during the last quarter. Stephens Inc. AR purchased a new stake in UFP Industries in the third quarter worth approximately $226,000. Finally, Harbor Capital Advisors Inc. grew its position in UFP Industries by 117.0% during the third quarter. Harbor Capital Advisors Inc. now owns 13,304 shares of the construction company's stock valued at $1,746,000 after acquiring an additional 7,172 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reissued a "buy" rating and issued a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, UFP Industries currently has an average rating of "Moderate Buy" and an average target price of $143.00.

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UFP Industries Trading Down 0.2 %

Shares of NASDAQ:UFPI traded down $0.22 during trading on Thursday, reaching $105.94. 127,888 shares of the company traded hands, compared to its average volume of 279,576. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 52-week low of $102.35 and a 52-week high of $141.33. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 15.65 and a beta of 1.45. The business's fifty day moving average is $113.37 and its 200-day moving average is $122.53.

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 analysts' consensus estimates of $1.24 by ($0.04). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. As a group, analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.35 per share. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.32%. UFP Industries's dividend payout ratio is presently 20.68%.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the transaction, the director now directly owns 61,140 shares of the company's stock, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.58% of the stock is currently owned by corporate insiders.

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.