Bahl & Gaynor Inc. Sells 9,168 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Bahl & Gaynor Inc. decreased its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 22.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,291 shares of the construction company’s stock after selling 9,168 shares during the quarter. Bahl & Gaynor Inc.’s holdings in UFP Industries were worth $3,638,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UFPI. FMR LLC increased its holdings in shares of UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after buying an additional 193,891 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of UFP Industries by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after buying an additional 188,969 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of UFP Industries by 16.1% during the 3rd quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock valued at $77,507,000 after purchasing an additional 81,950 shares during the last quarter. Barclays PLC grew its holdings in shares of UFP Industries by 109.0% during the 3rd quarter. Barclays PLC now owns 135,996 shares of the construction company’s stock valued at $17,844,000 after purchasing an additional 70,927 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of UFP Industries by 21.8% during the 4th quarter. Fisher Asset Management LLC now owns 345,768 shares of the construction company’s stock valued at $38,951,000 after purchasing an additional 61,962 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now owns 61,140 shares of the company’s stock, valued at $7,739,712.60. This represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.58% of the stock is currently owned by corporate insiders.

UFP Industries Trading Down 1.2 %

Shares of UFPI opened at $103.91 on Wednesday. The stock has a market capitalization of $6.30 billion, a P/E ratio of 15.35 and a beta of 1.45. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $113.56 and a two-hundred day simple moving average of $122.64. UFP Industries, Inc. has a twelve month low of $102.35 and a twelve month high of $141.33.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.04). The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. On average, research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.35 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.35%. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio is presently 20.68%.

Analyst Ratings Changes

Several research firms recently commented on UFPI. Benchmark reaffirmed a “buy” rating and set a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a report 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries 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.