UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,286 shares of the construction company’s stock after selling 7,165 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in UFP Industries were worth $1,384,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of UFPI. Norges Bank acquired a new stake in shares of UFP Industries during the fourth quarter worth $83,149,000. Thrivent Financial for Lutherans lifted its position in UFP Industries by 3,820.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company’s stock worth $63,212,000 after buying an additional 546,830 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings 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 during the period. Boston Partners grew its holdings 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 during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of UFP Industries during the 4th quarter valued at about $30,457,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Performance

NASDAQ UFPI opened at $97.69 on Friday. The business’s 50-day simple moving average is $104.24 and its 200-day simple moving average is $113.80. The firm has a market capitalization of $5.90 billion, a P/E ratio of 14.43 and a beta of 1.54. UFP Industries, Inc. has a 1-year low of $95.90 and a 1-year high of $141.33. 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 (NASDAQ:UFPI) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.27). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. UFP Industries’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.43%. The ex-dividend date is Monday, June 2nd. UFP Industries’s dividend payout ratio (DPR) is presently 22.91%.

Wall Street Analyst Weigh In

UFPI has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and issued a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. Wall Street Zen lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a report 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

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.