UFP Industries, Inc. (NASDAQ:UFPI) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. increased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 182.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 567 shares of the construction company’s stock after acquiring an additional 366 shares during the quarter. UMB Bank n.a.’s holdings in UFP Industries were worth $61,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of UFP Industries by 7.1% in the 4th quarter. FMR LLC now owns 1,751,264 shares of the construction company’s stock valued at $197,280,000 after purchasing an additional 115,687 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in UFP Industries by 39.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company’s stock worth $174,241,000 after buying an additional 435,155 shares during the period. Franklin Resources Inc. increased its stake in UFP Industries by 5.0% during the 4th quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company’s stock worth $145,074,000 after buying an additional 61,861 shares during the period. Northern Trust Corp increased its stake in UFP Industries by 9.7% during the 4th quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company’s stock worth $125,171,000 after buying an additional 98,533 shares during the period. Finally, First Trust Advisors LP increased its stake in UFP Industries by 39.3% during the 4th quarter. First Trust Advisors LP now owns 791,886 shares of the construction company’s stock worth $89,206,000 after buying an additional 223,522 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Down 2.0%

UFPI stock opened at $95.67 on Friday. UFP Industries, Inc. has a 52-week low of $94.68 and a 52-week high of $141.33. The company’s 50 day simple moving average is $101.07 and its 200-day simple moving average is $109.93. 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 capitalization of $5.78 billion, a P/E ratio of 14.13 and a beta of 1.49.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results 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 net margin of 6.23% and a return on equity of 13.24%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate 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 given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Monday, June 2nd. UFP Industries’s payout ratio is presently 22.91%.

Analysts Set New Price Targets

Several research analysts have recently commented on UFPI shares. Benchmark reaffirmed a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. Wall Street Zen downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, UFP Industries currently has an average rating of “Moderate Buy” and an average 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.