Vanguard Group Inc. cut its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,882,898 shares of the construction company's stock after selling 44,574 shares during the quarter. Vanguard Group Inc. owned about 11.34% of UFP Industries worth $775,358,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in UFP Industries by 13.4% during the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company's stock worth $214,604,000 after acquiring an additional 193,891 shares during the period. Geode Capital Management LLC grew its stake in UFP Industries by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company's stock worth $200,553,000 after purchasing an additional 14,857 shares during the period. Franklin Resources Inc. grew its stake in UFP Industries by 18.2% during the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock worth $169,675,000 after purchasing an additional 188,969 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of UFP Industries by 3.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock valued at $102,158,000 after acquiring an additional 31,381 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of UFP Industries by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company's stock valued at $86,966,000 after purchasing an additional 2,160 shares during the period. Institutional investors own 81.81% of the company's stock.
UFP Industries Stock Down 4.4 %
NASDAQ:UFPI traded down $4.76 during trading hours on Thursday, hitting $104.34. 753,406 shares of the company traded hands, compared to its average volume of 310,116. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.35 billion, a PE ratio of 15.41 and a beta of 1.45. The firm's 50-day simple moving average is $110.71 and its 200-day simple moving average is $120.79. UFP Industries, Inc. has a one year low of $102.35 and a one year high of $141.33.
UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. Equities analysts predict 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's payout ratio is presently 20.68%.
Wall Street Analysts Forecast Growth
UFPI has been the subject of a number of recent research reports. Benchmark restated a "buy" rating and set a $135.00 price target on shares of UFP Industries in a research note 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $143.00.
Check Out Our Latest Analysis on UFP Industries
About UFP Industries
(
Free Report)
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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