Teacher Retirement System of Texas Boosts Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Teacher Retirement System of Texas lifted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,075 shares of the construction company's stock after buying an additional 11,639 shares during the period. Teacher Retirement System of Texas owned about 0.13% of UFP Industries worth $8,795,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC grew its stake in shares of UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after acquiring an additional 505 shares in the last quarter. Jones Financial Companies Lllp increased its stake in UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after buying an additional 415 shares during the last quarter. Principal Securities Inc. lifted its position 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 buying an additional 175 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of UFP Industries in the 4th quarter worth approximately $106,000. Finally, Millburn Ridgefield Corp bought a new stake in UFP Industries during the third quarter worth $140,000. Institutional investors own 81.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UFPI shares. StockNews.com downgraded UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark restated a "buy" rating and set a $135.00 price objective on shares of UFP Industries in a 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $143.00.

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UFP Industries Stock Performance

UFPI traded down $0.16 during trading hours on Thursday, hitting $110.09. The stock had a trading volume of 364,681 shares, compared to its average volume of 290,424. The stock has a market cap of $6.70 billion, a PE ratio of 16.26 and a beta of 1.52. UFP Industries, Inc. has a 1 year low of $102.35 and a 1 year high of $141.33. 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's fifty day simple moving average is $111.92 and its 200 day simple moving average is $121.19.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.04). The business 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%. Equities analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.35 dividend. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, March 3rd. UFP Industries's dividend payout ratio (DPR) is presently 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.