Deprince Race & Zollo Inc. Buys 7,459 Shares of UFP Industries, Inc. $UFPI

Deprince Race & Zollo Inc. lifted its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 456,297 shares of the construction company’s stock after buying an additional 7,459 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.78% of UFP Industries worth $41,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in UFP Industries by 54.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after purchasing an additional 114 shares during the period. Signaturefd LLC increased its position in shares of UFP Industries by 66.1% during the 4th quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock valued at $35,000 after purchasing an additional 154 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of UFP Industries by 648.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company’s stock valued at $41,000 after purchasing an additional 376 shares during the last quarter. Winnow Wealth LLC purchased a new position in UFP Industries during the 3rd quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in UFP Industries by 90.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 544 shares of the construction company’s stock valued at $54,000 after acquiring an additional 259 shares during the period. Institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UFPI. DA Davidson dropped their price objective on UFP Industries from $112.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Zacks Research lowered UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UFP Industries in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.67.

UFP Industries Price Performance

Shares of UFPI opened at $95.49 on Monday. UFP Industries, Inc. has a 52 week low of $84.82 and a 52 week high of $118.00. The company has a quick ratio of 3.13, a current ratio of 4.59 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 19.14 and a beta of 1.44. The stock’s 50-day moving average price is $99.56 and its 200-day moving average price is $96.01.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Monday, February 23rd. The construction company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company earned $1.12 EPS. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, sell-side analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.36 per share. This is an increase from UFP Industries’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, March 2nd. UFP Industries’s dividend payout ratio (DPR) is currently 28.86%.

About UFP Industries

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.