Sei Investments Co. Acquires 4,034 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Sei Investments Co. boosted its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,984 shares of the construction company's stock after acquiring an additional 4,034 shares during the quarter. Sei Investments Co. owned 0.14% of UFP Industries worth $9,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in UFP Industries by 1,683.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock valued at $60,000 after acquiring an additional 505 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in UFP Industries by 357.8% in the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock worth $60,000 after purchasing an additional 415 shares during the last quarter. Principal Securities Inc. boosted its position in UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after buying an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of UFP Industries during the fourth quarter valued at about $106,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of UFP Industries in the third quarter worth about $140,000. Institutional investors own 81.81% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have weighed in on UFPI. Benchmark reiterated a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com cut shares of 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 issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $143.00.

UFP Industries Trading Down 4.4 %

UFPI stock traded down $4.76 on Thursday, reaching $104.34. The company's stock had a trading volume of 753,406 shares, compared to its average volume of 310,116. The firm has a market cap of $6.35 billion, a PE ratio of 15.41 and a beta of 1.45. The business has a fifty day simple moving average of $110.71 and a two-hundred day simple moving average of $120.79. UFP Industries, Inc. has a 12-month low of $102.35 and a 12-month high of $141.33. 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 posted its earnings results on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.04). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.43 billion. As a group, research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.35 per share. This is an increase from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.34%. UFP Industries's dividend payout ratio is 20.68%.

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.