UFP Industries, Inc. (NASDAQ:UFPI) Stock Holdings Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,891,560 shares of the construction company's stock after selling 89,528 shares during the quarter. Dimensional Fund Advisors LP owned about 3.12% of UFP Industries worth $213,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of UFPI. Smartleaf Asset Management LLC increased its stake in UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after purchasing an additional 505 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after acquiring an additional 415 shares in the last quarter. Principal Securities Inc. grew its position in UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock worth $69,000 after purchasing an additional 175 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of UFP Industries in the fourth quarter worth $106,000. Finally, Blue Trust Inc. grew its holdings in shares of UFP Industries by 62.1% during the fourth quarter. Blue Trust Inc. now owns 1,796 shares of the construction company's stock valued at $202,000 after buying an additional 688 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UFPI shares. Benchmark reiterated a "buy" rating and issued a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Two investment 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

UFP Industries Stock Performance

Shares of NASDAQ UFPI opened at $106.07 on Wednesday. The business's 50-day simple moving average is $107.39 and its 200-day simple moving average is $118.22. 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, Inc. has a 52 week low of $99.42 and a 52 week high of $141.33. 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 (NASDAQ:UFPI - Get Free Report) last posted 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). The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. As a group, equities research analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

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

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