UFP Industries, Inc. (NASDAQ:UFPI) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,510 shares of the construction company's stock after purchasing an additional 4,887 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.07% of UFP Industries worth $4,451,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UFPI. FMR LLC lifted its position in shares of UFP Industries by 13.4% during the third quarter. FMR LLC now owns 1,635,577 shares of the construction company's stock valued at $214,604,000 after buying an additional 193,891 shares during the last quarter. Geode Capital Management LLC lifted its position in UFP Industries by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company's stock valued at $200,553,000 after acquiring an additional 14,857 shares during the last quarter. Franklin Resources Inc. lifted its position in UFP Industries by 18.2% during the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock valued at $169,675,000 after acquiring an additional 188,969 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in UFP Industries by 3.5% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in UFP Industries by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company's stock worth $86,966,000 after purchasing an additional 2,160 shares during the last quarter. Institutional investors own 81.81% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently commented on UFPI. Benchmark reissued 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 downgraded UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

Insider Activity at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the transaction, the director now owns 61,140 shares in the company, valued at approximately $7,739,712.60. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.58% of the stock is currently owned by insiders.

UFP Industries Stock Performance

UFP Industries stock traded up $1.84 during trading hours on Friday, hitting $109.13. 391,952 shares of the stock traded hands, compared to its average volume of 280,644. The firm's 50 day moving average price is $113.08 and its 200-day moving average price is $122.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 16.12 and a beta of 1.45. UFP Industries, Inc. has a 1 year low of $102.35 and a 1 year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued 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 return on equity of 13.24% and a net margin of 6.23%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. As a group, equities analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

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

About UFP Industries

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.