AQR Capital Management LLC Trims Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

AQR Capital Management LLC reduced its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,246 shares of the construction company's stock after selling 101,715 shares during the quarter. AQR Capital Management LLC owned about 0.71% of UFP Industries worth $48,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Northern Trust Corp grew its position in UFP Industries by 9.7% during the 4th quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company's stock valued at $125,171,000 after purchasing an additional 98,533 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of UFP Industries during the fourth quarter valued at approximately $446,000. Hancock Whitney Corp increased its position in shares of UFP Industries by 7.4% during the fourth quarter. Hancock Whitney Corp now owns 3,040 shares of the construction company's stock valued at $342,000 after acquiring an additional 209 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in UFP Industries by 39.1% in the 4th 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. Finally, Pinebridge Investments L.P. lifted its position in UFP Industries by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 12,463 shares of the construction company's stock valued at $1,404,000 after acquiring an additional 3,732 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of NASDAQ UFPI traded down $0.58 during midday trading on Wednesday, hitting $97.42. 92,301 shares of the stock traded hands, compared to its average volume of 331,153. 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, Inc. has a one year low of $96.99 and a one year high of $141.33. The firm has a market capitalization of $5.93 billion, a P/E ratio of 14.38 and a beta of 1.54. The firm has a 50-day moving average of $105.71 and a two-hundred day moving average of $115.95.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts forecast that UFP Industries, Inc. will post 7.08 EPS 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. Shareholders 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 yield of 1.44%. UFP Industries's payout ratio is presently 22.91%.

Analyst Ratings Changes

Several research firms have recently weighed in on UFPI. StockNews.com cut 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 target price on shares of UFP Industries in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.