BNP Paribas Financial Markets Buys Shares of 15,176 UFP Industries, Inc. (NASDAQ:UFPI)

BNP Paribas Financial Markets bought a new stake in UFP Industries, Inc. (NASDAQ:UFPI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,176 shares of the construction company’s stock, valued at approximately $1,710,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in UFP Industries by 1,683.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock valued at $60,000 after acquiring an additional 505 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of 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 purchasing an additional 415 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of UFP Industries during the fourth quarter valued at about $61,000. 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 in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of UFP Industries during the fourth quarter valued at about $106,000. Institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

UFP Industries stock opened at $102.59 on Friday. The stock’s 50 day moving average is $104.74 and its 200 day moving average is $114.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The firm has a market cap of $6.20 billion, a P/E ratio of 15.15 and a beta of 1.54. UFP Industries, Inc. has a one year low of $95.90 and a one year high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.27). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. UFP Industries’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. As a group, research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries’s dividend payout ratio is currently 22.91%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Two equities 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 price target of $143.00.

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.