Gotham Asset Management LLC Buys 584 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Gotham Asset Management LLC raised its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 28.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,664 shares of the construction company’s stock after purchasing an additional 584 shares during the period. Gotham Asset Management LLC’s holdings in UFP Industries were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in UFPI. Smartleaf Asset Management LLC boosted 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 worth $60,000 after acquiring an additional 505 shares during the last quarter. Jones Financial Companies Lllp raised its holdings 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 valued at $60,000 after purchasing an additional 415 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of UFP Industries in the fourth quarter valued at $61,000. Principal Securities Inc. grew its stake in shares of UFP Industries by 39.8% in the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after buying an additional 175 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of UFP Industries in the fourth quarter valued at $106,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UFPI shares. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Stock Down 0.6%

Shares of NASDAQ UFPI opened at $101.29 on Wednesday. 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 company has a market cap of $6.12 billion, a price-to-earnings ratio of 14.96 and a beta of 1.54. UFP Industries, Inc. has a 12 month low of $95.90 and a 12 month high of $141.33. The stock has a 50-day moving average price of $104.60 and a two-hundred day moving average price of $114.09.

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

UFP Industries Announces Dividend

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

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.