New York State Teachers Retirement System Has $9.37 Million Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

New York State Teachers Retirement System lessened its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,201 shares of the construction company's stock after selling 6,146 shares during the period. New York State Teachers Retirement System owned about 0.14% of UFP Industries worth $9,373,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Creative Planning increased its position in shares of UFP Industries by 2.8% in the third quarter. Creative Planning now owns 24,252 shares of the construction company's stock worth $3,182,000 after acquiring an additional 668 shares in the last quarter. Blue Trust Inc. boosted its stake in UFP Industries by 27.4% in the 3rd quarter. Blue Trust Inc. now owns 1,108 shares of the construction company's stock worth $145,000 after purchasing an additional 238 shares during the period. Raymond James & Associates boosted its stake in UFP Industries by 6.5% in the 3rd quarter. Raymond James & Associates now owns 222,660 shares of the construction company's stock worth $29,215,000 after purchasing an additional 13,575 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in UFP Industries during the 3rd quarter worth approximately $70,000. Finally, Copeland Capital Management LLC raised its stake in UFP Industries by 1.0% during the 3rd quarter. Copeland Capital Management LLC now owns 546,197 shares of the construction company's stock valued at $71,667,000 after purchasing an additional 5,515 shares during the period. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UFPI. Benchmark reaffirmed a "buy" rating and issued a $135.00 target price on shares of UFP Industries in a research report on Wednesday. StockNews.com downgraded UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Wedbush reaffirmed an "outperform" rating and set a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $143.00.

UFP Industries Stock Down 1.2 %

Shares of NASDAQ:UFPI traded down $1.29 during trading on Friday, reaching $108.55. 422,812 shares of the company traded hands, compared to its average volume of 293,571. UFP Industries, Inc. has a 1-year low of $107.25 and a 1-year high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.59 billion, a P/E ratio of 16.03 and a beta of 1.45. The firm has a fifty day simple moving average of $115.09 and a 200 day simple moving average of $123.09.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. Analysts anticipate that UFP Industries, Inc. will post 7.42 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.35 dividend. This is a boost from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. UFP Industries's payout ratio is presently 19.50%.

Insider Buying and Selling

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares of the company's stock, valued at $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

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.