UFP Industries, Inc. (NASDAQ:UFPI) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 23.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 72,642 shares of the construction company's stock after purchasing an additional 13,983 shares during the period. Aptus Capital Advisors LLC owned about 0.12% of UFP Industries worth $8,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in UFP Industries in the 4th quarter valued at about $83,149,000. Thrivent Financial for Lutherans grew its position in shares of UFP Industries by 3,820.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company's stock worth $63,212,000 after buying an additional 546,830 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in UFP Industries by 39.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock worth $174,241,000 after acquiring an additional 435,155 shares during the last quarter. Boston Partners raised its holdings in shares of UFP Industries by 100.8% in the 4th quarter. Boston Partners now owns 672,231 shares of the construction company's stock valued at $75,736,000 after purchasing an additional 337,463 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of UFP Industries during the 4th quarter worth $30,457,000. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of UFPI traded down $1.05 during midday trading on Wednesday, reaching $96.95. 564,041 shares of the stock were exchanged, compared to its average volume of 332,845. UFP Industries, Inc. has a twelve month low of $95.89 and a twelve month high of $141.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 14.32 and a beta of 1.54. The business's 50-day moving average price is $105.51 and its 200 day moving average price is $115.82.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The company's quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. On average, sell-side analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, June 2nd. UFP Industries's payout ratio is currently 22.91%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UFPI. Benchmark restated a "buy" rating and issued a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com lowered UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, UFP Industries currently has a consensus rating of "Moderate Buy" and a consensus price target 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.