XTX Topco Ltd Invests $343,000 in UFP Industries, Inc. (NASDAQ:UFPI)

XTX Topco Ltd bought a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,042 shares of the construction company's stock, valued at approximately $343,000.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in UFP Industries by 357.8% during 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 during the period. Smartleaf Asset Management LLC lifted its position in shares of UFP Industries by 1,683.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after purchasing an additional 505 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after purchasing an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of UFP Industries in the fourth quarter worth about $106,000. Finally, Blue Trust Inc. increased its stake in UFP Industries by 62.1% in the 4th quarter. Blue Trust Inc. now owns 1,796 shares of the construction company's stock worth $202,000 after buying an additional 688 shares during the period. Institutional investors own 81.81% of the company's stock.

UFP Industries Stock Down 1.1 %

NASDAQ UFPI traded down $1.23 during trading on Friday, reaching $106.74. 195,257 shares of the company's stock traded hands, compared to its average volume of 322,852. The company's 50 day simple moving average is $106.87 and its two-hundred day simple moving average is $117.66. UFP Industries, Inc. has a 12-month low of $99.42 and a 12-month high of $141.33. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 15.77 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25.

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). The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, sell-side 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. Investors of record on Monday, March 3rd were given a dividend of $0.35 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.31%. This is an increase from UFP Industries's previous quarterly dividend of $0.33. UFP Industries's dividend payout ratio (DPR) is presently 20.68%.

Analyst Ratings Changes

Several equities research analysts have issued reports on UFPI shares. StockNews.com cut shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark reissued a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.00.

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.