UFP Industries, Inc. (NASDAQ:UFPI) Stock Position Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,177 shares of the construction company's stock after acquiring an additional 15,340 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of UFP Industries worth $14,664,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UFPI. HighTower Advisors LLC lifted its stake in shares of UFP Industries by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 5,884 shares of the construction company's stock worth $773,000 after acquiring an additional 582 shares during the period. MML Investors Services LLC bought a new position in UFP Industries during the 3rd quarter valued at $248,000. Barclays PLC increased its position in shares of UFP Industries by 109.0% during the 3rd quarter. Barclays PLC now owns 135,996 shares of the construction company's stock valued at $17,844,000 after purchasing an additional 70,927 shares during the period. M&T Bank Corp raised its stake in shares of UFP Industries by 17.3% in the 3rd quarter. M&T Bank Corp now owns 3,029 shares of the construction company's stock worth $397,000 after buying an additional 446 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of UFP Industries by 6.6% in the third quarter. Sanctuary Advisors LLC now owns 10,897 shares of the construction company's stock valued at $1,450,000 after buying an additional 674 shares during the period. Institutional investors own 81.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UFPI shares. StockNews.com cut shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark reiterated a "buy" rating and issued a $135.00 target price 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 given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $143.00.

UFP Industries Trading Up 3.0 %

Shares of NASDAQ:UFPI traded up $3.05 during midday trading on Tuesday, reaching $106.07. The company had a trading volume of 338,196 shares, compared to its average volume of 323,312. The company has a fifty day simple moving average of $107.39 and a two-hundred day simple moving average of $118.22. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 15.67 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 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 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). The firm had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. Research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Monday, March 3rd. This is a boost from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's dividend payout ratio (DPR) 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.