UFP Industries, Inc. (NASDAQ:UFPI) Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lifted its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 40.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,905 shares of the construction company's stock after purchasing an additional 5,780 shares during the period. Johnson Investment Counsel Inc.'s holdings in UFP Industries were worth $2,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in UFP Industries by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock worth $82,847,000 after acquiring an additional 60,859 shares during the last quarter. Citigroup Inc. lifted its stake in UFP Industries by 50.7% in the third quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock worth $15,670,000 after acquiring an additional 40,162 shares during the last quarter. Allspring Global Investments Holdings LLC lifted 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 worth $102,158,000 after acquiring an additional 31,381 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in UFP Industries by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company's stock worth $101,011,000 after acquiring an additional 4,006 shares during the last quarter. Finally, Seizert Capital Partners LLC lifted its stake in UFP Industries by 85.5% in the third quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company's stock worth $4,543,000 after acquiring an additional 15,958 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of UFP Industries stock opened at $105.77 on Wednesday. The firm's fifty day simple moving average is $112.81 and its 200-day simple moving average is $122.07. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 15.62 and a beta of 1.52. 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 current ratio of 4.88 and a quick ratio of 3.25.

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UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its earnings results on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.24 by ($0.04). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, equities analysts forecast 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date is Monday, March 3rd. UFP Industries's payout ratio is presently 20.68%.

Wall Street Analyst Weigh In

UFPI has been the subject of several recent analyst reports. Benchmark restated a "buy" rating and set a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $143.00.

Insider Activity

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the transaction, the director now directly owns 61,140 shares of the company's stock, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.58% of the company's stock.

UFP Industries Company 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.

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