Proficio Capital Partners LLC Takes $4.30 Million Position in UFP Industries, Inc. (NASDAQ:UFPI)

Proficio Capital Partners LLC bought a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 38,188 shares of the construction company's stock, valued at approximately $4,302,000. Proficio Capital Partners LLC owned approximately 0.06% of UFP Industries as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after acquiring an additional 505 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after buying an additional 415 shares in the last quarter. Principal Securities Inc. grew its holdings in UFP Industries by 39.8% in the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after buying an additional 175 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in UFP Industries in the 4th quarter valued at $106,000. Finally, Millburn Ridgefield Corp acquired a new position in UFP Industries in the 3rd quarter valued at $140,000. Institutional investors own 81.81% of the company's stock.

UFP Industries Trading Down 0.4 %

NASDAQ UFPI traded down $0.40 during trading hours on Friday, hitting $107.50. 1,857,114 shares of the company's stock were exchanged, compared to its average volume of 288,853. The stock has a 50-day simple moving average of $112.22 and a 200 day simple moving average of $121.33. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 15.88 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.

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UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 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 during the quarter, compared to analyst estimates of $1.43 billion. On average, equities analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. 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. UFP Industries's dividend payout ratio (DPR) is 20.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UFPI. StockNews.com lowered 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 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $143.00.

UFP Industries 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.