UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by Fmr LLC

Fmr LLC lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 7.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,751,264 shares of the construction company’s stock after acquiring an additional 115,687 shares during the period. Fmr LLC owned approximately 2.88% of UFP Industries worth $197,280,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in UFP Industries by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 5,884 shares of the construction company’s stock worth $773,000 after buying an additional 582 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of UFP Industries in the third quarter valued at approximately $321,000. MML Investors Services LLC purchased a new stake in UFP Industries in the 3rd quarter worth $248,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of UFP Industries during the third quarter worth about $473,000. Finally, Barclays PLC raised its holdings in shares of UFP Industries by 109.0% during the third quarter. Barclays PLC now owns 135,996 shares of the construction company’s stock valued at $17,844,000 after acquiring an additional 70,927 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

UFPI has been the topic of a number of research reports. Benchmark restated 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 research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, UFP Industries has an average rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Price Performance

Shares of UFPI opened at $106.42 on Friday. The firm has a 50-day simple moving average of $108.87 and a two-hundred day simple moving average of $119.46. 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 $99.42 and a 1-year high of $141.33. The stock has a market cap of $6.47 billion, a PE ratio of 15.72 and a beta of 1.45.

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

UFP Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.35 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 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.