MetLife Investment Management LLC Has $7.84 Million Stake in UFP Industries, Inc. (NASDAQ:UFPI)

MetLife Investment Management LLC boosted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,600 shares of the construction company's stock after acquiring an additional 4,881 shares during the quarter. MetLife Investment Management LLC owned approximately 0.11% of UFP Industries worth $7,840,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in UFP Industries by 1,683.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock valued at $60,000 after acquiring an additional 505 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock worth $60,000 after purchasing an additional 415 shares during the last quarter. Principal Securities Inc. increased its holdings in UFP Industries by 39.8% in the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after purchasing an additional 175 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in UFP Industries in the fourth quarter valued at about $106,000. Finally, Blue Trust Inc. grew its position in shares of UFP Industries by 62.1% during 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 period. Institutional investors own 81.81% of the company's stock.

UFP Industries Stock Down 1.1 %

UFPI traded down $1.23 during trading on Friday, hitting $106.74. The company had a trading volume of 195,257 shares, compared to its average volume of 322,852. The company has a market capitalization of $6.49 billion, a PE ratio of 15.77 and a beta of 1.45. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a one year low of $99.42 and a one year high of $141.33. The firm's 50-day moving average price is $106.87 and its 200 day moving average price is $117.66.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data 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). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. As a group, equities analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The firm 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 a boost 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 annualized dividend and a yield of 1.31%. UFP Industries's dividend payout ratio is presently 20.68%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UFPI. StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark restated a "buy" rating and issued a $135.00 price objective 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's stock. Based on data from MarketBeat.com, UFP Industries presently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

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.