Aviva PLC Has $530,000 Position in UFP Industries, Inc. (NASDAQ:UFPI)

Aviva PLC trimmed its position in UFP Industries, Inc. (NASDAQ:UFPI) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,708 shares of the construction company’s stock after selling 560 shares during the period. Aviva PLC’s holdings in UFP Industries were worth $530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in UFP Industries by 357.8% in the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after purchasing an additional 415 shares during the period. Smartleaf Asset Management LLC raised its stake in UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after buying an additional 505 shares during the period. Principal Securities Inc. lifted its holdings in UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after acquiring an additional 175 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in UFP Industries in the fourth quarter valued at about $106,000. Finally, Blue Trust Inc. increased its holdings in shares of UFP Industries by 62.1% in the fourth quarter. Blue Trust Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after acquiring an additional 688 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

UFP Industries Trading Up 0.6 %

NASDAQ UFPI opened at $106.42 on Friday. UFP Industries, Inc. has a 52 week low of $99.42 and a 52 week high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The stock’s 50 day moving average price is $108.87 and its two-hundred day moving average price is $119.46. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.72 and a beta of 1.45.

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

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.35 dividend. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. UFP Industries’s dividend payout ratio (DPR) is presently 20.68%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.