Russell Investments Group Ltd. grew its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,980 shares of the construction company's stock after acquiring an additional 7,196 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of UFP Industries worth $7,771,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of UFPI. Smartleaf Asset Management LLC raised its stake in shares of UFP Industries by 1,683.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock valued at $60,000 after purchasing an additional 505 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock worth $60,000 after acquiring an additional 415 shares during the period. Principal Securities Inc. lifted its holdings in shares of UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock worth $69,000 after acquiring an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of UFP Industries during the 4th quarter valued at about $106,000. Finally, Blue Trust Inc. increased its stake in UFP Industries by 62.1% in the fourth quarter. Blue Trust Inc. now owns 1,796 shares of the construction company's stock valued at $202,000 after acquiring an additional 688 shares during the period. Institutional investors own 81.81% of the company's stock.
UFP Industries Price Performance
NASDAQ:UFPI traded down $1.52 on Tuesday, reaching $105.54. The stock had a trading volume of 346,078 shares, compared to its average volume of 322,248. 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 company has a market capitalization of $6.42 billion, a P/E ratio of 15.59 and a beta of 1.45. UFP Industries, Inc. has a 1-year low of $99.42 and a 1-year high of $141.33. The stock has a fifty day moving average price of $108.44 and a 200-day moving average price of $119.12.
UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. Research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.
UFP Industries Increases Dividend
The firm 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.33%. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's payout ratio is currently 20.68%.
Analysts Set New Price Targets
UFPI has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and set a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com downgraded UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, UFP Industries currently has a consensus rating of "Moderate Buy" and an average target price of $143.00.
Check Out Our Latest Report on UFP Industries
UFP Industries Company Profile
(
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.
See Also
Before you consider UFP Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UFP Industries wasn't on the list.
While UFP Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
