Kapitalo Investimentos Ltda Purchases Shares of 543 UFP Industries, Inc. (NASDAQ:UFPI)

Kapitalo Investimentos Ltda acquired a new position in UFP Industries, Inc. (NASDAQ:UFPI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 543 shares of the construction company’s stock, valued at approximately $61,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UFPI. Smartleaf Asset Management LLC raised its position 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 last quarter. Jones Financial Companies Lllp raised its holdings in shares of UFP Industries by 357.8% during 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 last quarter. Principal Securities Inc. lifted its position in UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after purchasing an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in UFP Industries in the fourth quarter valued at $106,000. Finally, Blue Trust Inc. grew its position in UFP Industries by 62.1% during the 4th quarter. Blue Trust Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after purchasing an additional 688 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analyst Ratings Changes

UFPI has been the subject of several analyst reports. Benchmark reissued a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $98.85 on Thursday. The firm has a market cap of $6.01 billion, a PE ratio of 14.60 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $96.99 and a twelve month high of $141.33. 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 business has a 50-day moving average price of $106.35 and a 200 day moving average price of $117.09.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.27). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Sell-side analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, June 2nd. UFP Industries’s payout ratio is 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.