Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,151 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,793 shares of the construction company's stock after buying an additional 3,151 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in UFP Industries were worth $1,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UFPI. CIBC Asset Management Inc acquired a new position in UFP Industries in the third quarter valued at about $236,000. Natixis Advisors LLC lifted its position in shares of UFP Industries by 4.6% during the third quarter. Natixis Advisors LLC now owns 30,639 shares of the construction company's stock worth $4,020,000 after purchasing an additional 1,361 shares in the last quarter. J. W. Coons Advisors LLC lifted its position in shares of UFP Industries by 5.4% during the third quarter. J. W. Coons Advisors LLC now owns 3,725 shares of the construction company's stock worth $489,000 after purchasing an additional 190 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of UFP Industries during the third quarter worth approximately $2,057,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of UFP Industries by 4.0% during the third quarter. Segall Bryant & Hamill LLC now owns 118,010 shares of the construction company's stock worth $15,484,000 after purchasing an additional 4,579 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

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UFP Industries Trading Down 0.4 %

UFPI traded down $0.40 during mid-day trading on Friday, hitting $107.50. The stock had a trading volume of 1,857,114 shares, compared to its average volume of 288,853. The stock's fifty day simple moving average is $112.22 and its 200-day simple moving average is $121.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 15.88 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.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.24% and a net margin of 6.23%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. As a group, research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.35 per share. This is an increase from UFP Industries's previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.30%. UFP Industries's dividend payout ratio is currently 20.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UFPI shares. StockNews.com lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark restated a "buy" rating and issued 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 given a buy rating to the company. According to data from MarketBeat, UFP Industries currently has an average rating of "Moderate Buy" and a consensus price target 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.