Headlands Technologies LLC Acquires 4,966 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Headlands Technologies LLC raised its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 39.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,592 shares of the construction company's stock after purchasing an additional 4,966 shares during the period. Headlands Technologies LLC's holdings in UFP Industries were worth $1,982,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UFPI. JPMorgan Chase & Co. boosted its stake in UFP Industries by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock valued at $82,847,000 after purchasing an additional 60,859 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of UFP Industries by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after buying an additional 31,381 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of 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 period. Franklin Resources Inc. grew its stake in shares of UFP Industries by 18.2% in the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock worth $169,675,000 after acquiring an additional 188,969 shares during the last quarter. Finally, Argent Capital Management LLC increased its position in UFP Industries by 35.8% during the fourth quarter. Argent Capital Management LLC now owns 12,306 shares of the construction company's stock worth $1,386,000 after acquiring an additional 3,241 shares during the period. Institutional investors own 81.81% of the company's stock.

Remove Ads

UFP Industries Price Performance

Shares of UFP Industries stock traded up $2.10 during trading on Friday, hitting $106.44. 728,464 shares of the company's stock traded hands, compared to its average volume of 312,301. The company has a market cap of $6.47 billion, a PE ratio of 15.72 and a beta of 1.45. The firm's fifty day moving average price is $110.50 and its 200 day moving average price is $120.64. UFP Industries, Inc. has a twelve month low of $100.58 and a twelve month 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 released 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 analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. Analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

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

Wall Street Analyst Weigh In

UFPI has been the subject of a number of research reports. StockNews.com downgraded 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 set a $135.00 target price 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 issued a buy rating to the company. According to MarketBeat.com, the stock presently 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.