3,817 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Acquired by DRW Securities LLC

DRW Securities LLC purchased a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,817 shares of the construction company’s stock, valued at approximately $430,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in UFP Industries during the 4th quarter worth approximately $83,149,000. Thrivent Financial for Lutherans lifted its position in shares of UFP Industries by 3,820.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company’s stock worth $63,212,000 after purchasing an additional 546,830 shares during the last quarter. Boston Partners grew its stake in shares of UFP Industries by 100.8% during the fourth quarter. Boston Partners now owns 672,231 shares of the construction company’s stock worth $75,736,000 after purchasing an additional 337,463 shares in the last quarter. Raymond James Financial Inc. purchased a new position in UFP Industries in the fourth quarter valued at $30,457,000. Finally, Franklin Resources Inc. raised its stake in UFP Industries by 18.2% in the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock valued at $169,675,000 after buying an additional 188,969 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UFPI shares. Benchmark reiterated a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Stock Down 2.3 %

Shares of NASDAQ UFPI opened at $105.79 on Friday. The business has a 50-day moving average price of $109.06 and a 200 day moving average price of $119.61. The stock has a market cap of $6.43 billion, a PE ratio of 15.63 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. UFP Industries, Inc. has a 52-week low of $99.42 and a 52-week high of $141.33.

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

UFP Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.32%. UFP Industries’s payout ratio is currently 20.68%.

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.