17,600 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in UFP Industries, Inc. (NASDAQ:UFPI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 17,600 shares of the construction company’s stock, valued at approximately $1,983,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in shares of UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock valued at $60,000 after purchasing an additional 505 shares in the last quarter. Jones Financial Companies Lllp raised its stake in UFP Industries by 357.8% during the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock valued at $60,000 after buying an additional 415 shares in the last quarter. Principal Securities Inc. lifted its holdings 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 buying an additional 175 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of UFP Industries in the 4th quarter worth approximately $106,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of UFP Industries in the 3rd quarter valued at approximately $140,000. 81.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UFPI. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $135.00 price target 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.com, UFP Industries presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Trading Down 0.1 %

NASDAQ:UFPI opened at $110.09 on Friday. The firm has a market capitalization of $6.70 billion, a P/E ratio of 16.26 and a beta of 1.52. The business has a 50 day simple moving average of $111.78 and a 200 day simple moving average of $121.11. 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, Inc. has a 12-month low of $102.35 and a 12-month high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. Equities research analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The company also recently announced 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 a boost from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.27%. 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.