Impact Capital Partners LLC Invests $550,000 in UFP Industries, Inc. (NASDAQ:UFPI)

Impact Capital Partners LLC bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,883 shares of the construction company's stock, valued at approximately $550,000.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of UFP Industries by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock worth $82,847,000 after purchasing an additional 60,859 shares during the period. Citigroup Inc. grew its stake in shares of UFP Industries by 50.7% during the third quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock worth $15,670,000 after purchasing an additional 40,162 shares during the period. Allspring Global Investments Holdings LLC grew its stake 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 purchasing an additional 31,381 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of UFP Industries by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company's stock worth $101,011,000 after purchasing an additional 4,006 shares during the period. Finally, Seizert Capital Partners LLC grew its stake in shares of UFP Industries by 85.5% during the third quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company's stock worth $4,543,000 after purchasing an additional 15,958 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.

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UFP Industries Trading Up 0.3 %

NASDAQ:UFPI traded up $0.34 on Tuesday, reaching $107.57. The company's stock had a trading volume of 387,473 shares, compared to its average volume of 281,553. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33. 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 firm has a market cap of $6.54 billion, a PE ratio of 15.89 and a beta of 1.52. The business's 50-day moving average price is $112.33 and its two-hundred day moving average price is $121.62.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its 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 business had revenue of $1.46 billion during 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%. Equities research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal 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 given a dividend of $0.35 per share. This is a boost from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, March 3rd. UFP Industries's dividend payout ratio is currently 20.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UFPI shares. Benchmark reaffirmed 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 UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, UFP Industries has an average rating of "Moderate Buy" and a consensus target price 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.