Ensign Peak Advisors Inc Sells 139 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Ensign Peak Advisors Inc cut its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,980 shares of the construction company’s stock after selling 139 shares during the period. Ensign Peak Advisors Inc’s holdings in UFP Industries were worth $2,363,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in shares of UFP Industries during the 4th quarter worth about $1,959,000. Cetera Investment Advisers boosted its stake in shares of UFP Industries by 8.6% during the 4th quarter. Cetera Investment Advisers now owns 2,718 shares of the construction company’s stock worth $306,000 after purchasing an additional 215 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of UFP Industries during the 4th quarter worth about $1,480,000. Baird Financial Group Inc. boosted its stake in shares of UFP Industries by 5.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,265 shares of the construction company’s stock worth $480,000 after purchasing an additional 216 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in shares of UFP Industries by 17.4% during the 4th quarter. Benjamin Edwards Inc. now owns 3,344 shares of the construction company’s stock worth $378,000 after purchasing an additional 495 shares during the period. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Price Performance

Shares of UFPI opened at $101.36 on Friday. The company has a 50 day moving average price of $104.80 and a 200-day moving average price of $114.58. UFP Industries, Inc. has a fifty-two week low of $95.90 and a fifty-two week high of $141.33. The stock has a market capitalization of $6.12 billion, a PE ratio of 14.97 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88.

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

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.35 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. UFP Industries’s payout ratio is presently 22.91%.

Analysts Set New Price Targets

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

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.