UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in UFP Industries, Inc. (NASDAQ:UFPI) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,882,898 shares of the construction company’s stock after selling 44,574 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of UFP Industries worth $775,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of UFP Industries by 357.8% in the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after acquiring an additional 415 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in UFP Industries by 1,683.3% during 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. Principal Securities Inc. increased 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 purchasing 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 valued at approximately $106,000. Finally, Millburn Ridgefield Corp acquired a new position in shares of UFP Industries in the 3rd quarter valued at approximately $140,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Stock Performance

Shares of UFPI opened at $106.31 on Friday. 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. The business’s fifty day moving average price is $111.57 and its 200 day moving average price is $121.12. The stock has a market capitalization of $6.47 billion, a PE ratio of 15.70 and a beta of 1.52.

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

UFP Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. UFP Industries’s dividend payout ratio is 20.68%.

UFP Industries 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.