Grantham Mayo Van Otterloo & Co. LLC Reduces Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Grantham Mayo Van Otterloo & Co. LLC lessened its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 56.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,029 shares of the construction company's stock after selling 24,665 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in UFP Industries were worth $2,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after purchasing an additional 505 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of UFP Industries by 357.8% during the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after buying an additional 415 shares during the last quarter. Principal Securities Inc. lifted its position in shares of UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after buying an additional 175 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of UFP Industries in the 4th quarter valued at about $106,000. Finally, Blue Trust Inc. grew its position in shares of UFP Industries by 62.1% in the 4th quarter. Blue Trust Inc. now owns 1,796 shares of the construction company's stock worth $202,000 after buying an additional 688 shares during the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

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UFP Industries Stock Performance

NASDAQ:UFPI traded up $0.63 during trading hours on Friday, hitting $106.42. 398,487 shares of the company were exchanged, compared to its average volume of 321,714. The company's 50 day moving average price is $108.87 and its 200-day moving average price is $119.38. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.72 and a beta of 1.45. UFP Industries, Inc. has a 52-week low of $99.42 and a 52-week high of $141.33. 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 announced its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

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

Analyst Ratings Changes

UFPI has been the subject of several recent analyst reports. 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 downgraded UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.