Royce & Associates LP grew its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 628,569 shares of the construction company's stock after purchasing an additional 8,257 shares during the quarter. UFP Industries makes up about 0.7% of Royce & Associates LP's holdings, making the stock its 20th largest position. Royce & Associates LP owned approximately 1.04% of UFP Industries worth $70,808,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in 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 buying an additional 60,859 shares during the last quarter. Citigroup Inc. grew its holdings in shares of UFP Industries by 50.7% in the third 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 position in shares of UFP Industries by 3.5% during the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in UFP Industries by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company's stock worth $101,011,000 after acquiring an additional 4,006 shares during the period. Finally, Seizert Capital Partners LLC boosted its position in UFP Industries by 85.5% in the third quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company's stock worth $4,543,000 after purchasing an additional 15,958 shares during the last quarter. Institutional investors own 81.81% of the company's stock.
UFP Industries Stock Performance
Shares of NASDAQ UFPI traded down $0.19 during trading on Thursday, reaching $107.90. 388,942 shares of the stock traded hands, compared to its average volume of 282,293. The company has a 50-day moving average of $112.26 and a 200-day moving average of $121.42. UFP Industries, Inc. has a 52-week low of $102.35 and a 52-week high of $141.33. The stock has a market capitalization of $6.56 billion, a P/E ratio of 15.94 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25.
UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.04). The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. Analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.
UFP Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors 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%. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. UFP Industries's payout ratio is currently 20.68%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on UFPI. Benchmark reiterated 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 research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $143.00.
Get Our Latest Stock Report on UFPI
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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