Segall Bryant & Hamill LLC cut its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,999 shares of the construction company's stock after selling 14,011 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.17% of UFP Industries worth $11,715,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UFPI. Smartleaf Asset Management LLC grew its holdings in UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock valued at $60,000 after buying an additional 505 shares in the last quarter. Jones Financial Companies Lllp grew 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 valued at $60,000 after purchasing an additional 415 shares during the last quarter. Principal Securities Inc. increased its stake in UFP Industries by 39.8% in the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock worth $69,000 after purchasing an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in UFP Industries during the 4th quarter valued at $106,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of UFP Industries during the third quarter worth about $140,000. 81.81% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. StockNews.com downgraded UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reiterated a "buy" rating and set a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $143.00.
Read Our Latest Stock Analysis on UFPI
UFP Industries Price Performance
Shares of UFPI traded down $3.78 during mid-day trading on Friday, hitting $106.31. 299,449 shares of the stock were exchanged, compared to its average volume of 307,528. The firm has a 50-day moving average of $111.57 and a two-hundred day moving average of $121.17. UFP Industries, Inc. has a 52-week low of $102.35 and a 52-week high of $141.33. The company has a market cap of $6.47 billion, a PE ratio of 15.70 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88.
UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.43 billion. On average, equities analysts predict 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.32%. This is a boost from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's dividend payout ratio is 20.68%.
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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