Fmr LLC Buys 115,687 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

FMR LLC lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,751,264 shares of the construction company's stock after acquiring an additional 115,687 shares during the quarter. FMR LLC owned approximately 2.88% of UFP Industries worth $197,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock worth $60,000 after purchasing an additional 415 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in UFP Industries by 1,683.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after buying an additional 505 shares in the last quarter. Principal Securities Inc. raised its stake in UFP Industries by 39.8% in the fourth 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 stake in UFP Industries in the fourth quarter worth about $106,000. Finally, Blue Trust Inc. boosted its position in UFP Industries by 62.1% during the 4th quarter. Blue Trust Inc. now owns 1,796 shares of the construction company's stock valued at $202,000 after acquiring an additional 688 shares in the last quarter. Institutional investors own 81.81% of the company's stock.

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UFP Industries Stock Down 1.9 %

NASDAQ:UFPI traded down $2.00 during trading hours on Wednesday, reaching $103.54. 511,254 shares of the company traded hands, compared to its average volume of 323,143. The business's 50-day moving average price is $108.44 and its two-hundred day moving average price is $119.12. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.30 billion, a P/E ratio of 15.29 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.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its 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). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. Analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.35 per share. The ex-dividend date was 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 dividend yield of 1.35%. UFP Industries's payout ratio is 20.68%.

Analyst Ratings Changes

UFPI has been the subject of several research reports. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and issued a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, UFP Industries currently has an average rating of "Moderate Buy" and a consensus target price of $143.00.

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.