1,842 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,842 shares of the construction company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UFPI. Norges Bank acquired a new stake in shares of UFP Industries in the 4th quarter valued at about $83,149,000. Thrivent Financial for Lutherans boosted its holdings in UFP Industries by 3,820.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company’s stock worth $63,212,000 after acquiring an additional 546,830 shares in the last quarter. Boston Partners grew its stake in UFP Industries by 100.8% in the fourth quarter. Boston Partners now owns 672,231 shares of the construction company’s stock valued at $75,736,000 after acquiring an additional 337,463 shares during the period. Raymond James Financial Inc. bought a new stake in shares of UFP Industries during the fourth quarter valued at approximately $30,457,000. Finally, First Trust Advisors LP raised its position in shares of UFP Industries by 39.3% during the fourth quarter. First Trust Advisors LP now owns 791,886 shares of the construction company’s stock worth $89,206,000 after purchasing an additional 223,522 shares during the period. 81.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Stock Performance

NASDAQ UFPI opened at $100.27 on Wednesday. The company has a fifty day moving average price of $106.55 and a 200-day moving average price of $117.21. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 14.81 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. UFP Industries, Inc. has a 1 year low of $97.59 and a 1 year high of $141.33.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data 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 return on equity of 13.24% and a net margin of 6.23%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 1.40%. UFP Industries’s dividend payout ratio is currently 20.68%.

UFP Industries Company 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.