38,188 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Proficio Capital Partners LLC

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

Several other hedge funds have also recently added to or reduced their stakes in UFPI. JPMorgan Chase & Co. increased its stake in shares of UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock valued at $82,847,000 after acquiring an additional 60,859 shares in the last quarter. Citigroup Inc. increased its stake in shares of UFP Industries by 50.7% in the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock valued at $15,670,000 after acquiring an additional 40,162 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of UFP Industries by 3.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock valued at $102,158,000 after acquiring an additional 31,381 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of UFP Industries by 0.5% in the 3rd 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. Finally, Seizert Capital Partners LLC increased its stake in shares of UFP Industries by 85.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company's stock valued at $4,543,000 after acquiring an additional 15,958 shares in the last quarter. Institutional investors own 81.81% of the company's stock.

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UFP Industries Stock Up 1.7 %

NASDAQ UFPI traded up $1.84 during mid-day trading on Friday, hitting $109.13. The company's stock had a trading volume of 391,952 shares, compared to its average volume of 280,644. The company's 50 day simple moving average is $113.08 and its 200 day simple moving average is $122.31. UFP Industries, Inc. has a twelve month low of $102.35 and a twelve month high of $141.33. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 16.12 and a beta of 1.45.

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). The firm had revenue of $1.46 billion for 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%. Analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.28%. This is an increase from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date is Monday, March 3rd. UFP Industries's payout ratio is currently 20.68%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

Insiders Place Their Bets

In other UFP Industries news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.58% of the company's stock.

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.