UFP Industries, Inc. (NASDAQ:UFPI) Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP increased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 78.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,570 shares of the construction company's stock after purchasing an additional 5,509 shares during the quarter. Quantbot Technologies LP's holdings in UFP Industries were worth $1,416,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in UFP Industries during the 3rd quarter worth about $1,404,000. Massachusetts Financial Services Co. MA grew its holdings in shares of UFP Industries by 5.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,760 shares of the construction company's stock worth $1,281,000 after buying an additional 521 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of UFP Industries by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company's stock worth $101,011,000 after buying an additional 4,006 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of UFP Industries by 29.7% in the third quarter. Raymond James Trust N.A. now owns 5,949 shares of the construction company's stock valued at $781,000 after buying an additional 1,362 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of UFP Industries by 50.7% during the third quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock valued at $15,670,000 after buying an additional 40,162 shares during the period. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

UFP Industries Trading Down 3.4 %

Shares of UFPI traded down $3.78 during trading hours on Friday, hitting $106.31. The stock had a trading volume of 299,449 shares, compared to its average volume of 307,528. UFP Industries, Inc. has a 12-month low of $102.35 and a 12-month high of $141.33. The firm has a market cap of $6.47 billion, a P/E ratio of 15.70 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The company's fifty day simple moving average is $111.57 and its 200 day simple moving average is $121.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. Equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

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