Headlands Technologies LLC Raises Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Headlands Technologies LLC grew its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 39.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,592 shares of the construction company’s stock after acquiring an additional 4,966 shares during the period. Headlands Technologies LLC’s holdings in UFP Industries were worth $1,982,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UFPI. CIBC Asset Management Inc lifted its holdings in UFP Industries by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock worth $213,000 after purchasing an additional 97 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in shares of UFP Industries by 5.7% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock worth $216,000 after buying an additional 104 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of UFP Industries by 2.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company’s stock worth $494,000 after buying an additional 104 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of UFP Industries by 6.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company’s stock worth $202,000 after acquiring an additional 105 shares during the last quarter. Finally, Highland Capital Management LLC grew its stake in UFP Industries by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company’s stock valued at $250,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Stock Down 0.4 %

Shares of NASDAQ UFPI opened at $106.61 on Wednesday. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 15.75 and a beta of 1.52. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $111.14 and its 200-day moving average price is $120.99. 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 quarterly earnings data 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 firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. On average, equities research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 annualized dividend 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%.

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.