Focus Partners Wealth Grows Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Focus Partners Wealth boosted its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 39.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,343 shares of the construction company’s stock after buying an additional 1,218 shares during the period. Focus Partners Wealth’s holdings in UFP Industries were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of UFPI. Norges Bank purchased a new position in UFP Industries in the 4th quarter valued at approximately $83,149,000. Thrivent Financial for Lutherans grew its stake in UFP Industries by 3,820.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company’s stock valued at $63,212,000 after buying an additional 546,830 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in UFP Industries by 39.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company’s stock valued at $174,241,000 after buying an additional 435,155 shares in the last quarter. Boston Partners grew its stake in UFP Industries by 100.8% in the 4th quarter. Boston Partners now owns 672,231 shares of the construction company’s stock valued at $75,736,000 after buying an additional 337,463 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in UFP Industries in the 4th quarter valued at $30,457,000. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

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 issued a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Stock Performance

NASDAQ UFPI opened at $101.29 on Wednesday. UFP Industries, Inc. has a 52-week low of $95.90 and a 52-week high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The company has a market capitalization of $6.12 billion, a P/E ratio of 14.96 and a beta of 1.54. The company has a fifty day moving average of $104.60 and a 200-day moving average of $114.09.

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

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries’s dividend payout ratio is currently 22.91%.

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.