Natixis Advisors LLC trimmed its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,089 shares of the construction company's stock after selling 14,550 shares during the quarter. Natixis Advisors LLC's holdings in UFP Industries were worth $1,813,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of UFP Industries in the 3rd quarter worth approximately $1,404,000. Massachusetts Financial Services Co. MA lifted its stake in UFP Industries by 5.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,760 shares of the construction company's stock worth $1,281,000 after acquiring an additional 521 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in UFP Industries by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company's stock valued at $101,011,000 after acquiring an additional 4,006 shares in the last quarter. Raymond James Trust N.A. increased its position in UFP Industries by 29.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,949 shares of the construction company's stock valued at $781,000 after purchasing an additional 1,362 shares during the period. Finally, Citigroup Inc. raised its holdings in UFP Industries by 50.7% in the 3rd 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 in the last quarter. 81.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
UFPI has been the topic of a number of research reports. Benchmark reaffirmed a "buy" rating and set a $135.00 target price on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a report 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. According to data from MarketBeat, UFP Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.
View Our Latest Stock Analysis on UFP Industries
UFP Industries Stock Down 3.4 %
UFPI traded down $3.78 during midday trading on Friday, reaching $106.31. The company's stock had a trading volume of 299,449 shares, compared to its average volume of 307,660. UFP Industries, Inc. has a 1 year low of $102.35 and a 1 year high of $141.33. The stock's 50-day moving average is $111.78 and its 200-day moving average is $121.11. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.70 and a beta of 1.52. 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 (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.04). The company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. As a group, research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.
UFP Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's payout ratio is currently 20.68%.
About UFP Industries
(
Free Report)
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.
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