Two Sigma Securities LLC Invests $446,000 in UFP Industries, Inc. (NASDAQ:UFPI)

Two Sigma Securities LLC bought a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,961 shares of the construction company's stock, valued at approximately $446,000.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC increased its position in shares of UFP Industries by 109.0% in 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 period. Franklin Resources Inc. grew its position in shares of UFP Industries by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock worth $169,675,000 after buying an additional 188,969 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of UFP Industries by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock valued at $82,847,000 after buying an additional 60,859 shares during the period. Nordea Investment Management AB raised its holdings in shares of UFP Industries by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 109,476 shares of the construction company's stock valued at $12,331,000 after acquiring an additional 3,973 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in UFP Industries by 21.2% during the 4th quarter. Park Avenue Securities LLC now owns 2,085 shares of the construction company's stock valued at $235,000 after purchasing an additional 365 shares during the period. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UFPI. StockNews.com lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark restated a "buy" rating and issued a $135.00 target price on shares of UFP Industries in a research note 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. According to data from MarketBeat.com, UFP Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

UFP Industries Stock Up 1.7 %

Shares of UFPI stock traded up $1.66 during trading hours on Friday, hitting $101.59. 140,737 shares of the company's stock traded hands, compared to its average volume of 425,245. 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 stock's fifty day simple moving average is $106.22 and its two-hundred day simple moving average is $116.82. UFP Industries, Inc. has a 12-month low of $96.99 and a 12-month high of $141.33. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 15.04 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.27). The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.61 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company's quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $1.96 earnings per share. On average, analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Monday, June 2nd. UFP Industries's 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.