UFP Industries, Inc. (NASDAQ:UFPI) Stock Holdings Lessened by Cadence Bank

Cadence Bank lessened its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,994 shares of the construction company’s stock after selling 139 shares during the period. Cadence Bank’s holdings in UFP Industries were worth $2,140,000 at the end of the most recent reporting period.

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

UFP Industries Stock Performance

Shares of UFPI opened at $104.78 on Friday. UFP Industries, Inc. has a 52-week low of $99.42 and a 52-week high of $141.33. The firm has a market capitalization of $6.37 billion, a PE ratio of 15.48 and a beta of 1.45. The firm has a 50-day moving average price of $107.97 and a 200 day moving average price of $118.83. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data 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 net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. On average, sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.35 per share. The ex-dividend date was Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.34%. UFP Industries’s dividend payout ratio (DPR) is 20.68%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $135.00 price target on shares of UFP Industries in a 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. According to MarketBeat, the company 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.